DABUR trade ideas
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DABUR: Swing TradeDABUR : SWING Pick!
Method :
Simple Channel Breakout.
The bottom line is called the Basic Uptrend line & the upper secondary line is called the Channel line.
The failure to reach the bottom end of the channel is often an early warning that the upper line will be broken, usually indicates a strengthening trend.
Risk Management :
Risk only 2% of your trading capital.
Buy 30% of your position at CMP and wait for the pullback, if the price respects the level of 590 then execute your 70% position.
Mindset:
Note= Trade with probabilistic mindset, no matter how much analysis you do there is always a 50-50% chance.
Our main objective is to '' Cut your losses short and let your profits run.''
Remember to be profitable you don’t have to be right every time,
you just have to be right big and wrong small .
Dabur - Bullish BreakoutDabur India had a bullish breakout from its channel pattern and also it's in an all-time high, so give an entry with appropriate Stop loss
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Dabur - Cup & Handle pattern breakoutNote: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a bullish Cup & Handle pattern breakout in Dabur with good volume. Moreover, Dabur is performing as compared to Nifty. There seems to be RSI bullish breakout. RSI is at 68 indicates bullish momentum.
SL: ₹560