Long above 587.70 with SL as 580. Trail SL at new swings.
NSE:DABUR On Daily Time Frame it took good support and made reversal from 50DMA. And closed just at 21DMA on daily time frame. Please refer below chart. -------------------------------------------------- Simple Trade Setup for 16-08-2021. 1) If it opens gap up in range of 590 and goes down and takes support from 588 or 585 then it will be a buy trade...
Rules Guiding Cypher Pattern For every potential trading pattern, there must be guidelines and laid down rules. It is also applicable to Cypher Pattern. While identifying a cypher pattern, look out for five different points. They are the X, A, B, C, and D points. The lines between each of these points are legs. These legs are also XA, AB, BC, and CD,...
Below are some indicators we can follow RSI: around 40 good range for entry, best if can wait for 30-40 MACD: might also give an indication in the next 2-3 days
Dabur has been trading in a channel pattern for a while now and today has shown signs of taking support and the demand zone of the channel pattern. Water for the candle formation on the positive side in order to plan a long trade where the supply zone of the channel pattern can be the possible target.
buying zone pullback healthy standing on the previous resistance which is called good support
BUY ON DIPS WAIT FOR SUPPORT TO ENTER Disclaimer: Please consult your financial advisor, Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
Keep on radar.. Chances of bouncing back.. Go long based on Price Reversal pattern.
Dabur at upper end of the weekly channel, can move down towards the lower channel. Any closing with volumes above 605 will invalidate this short. SL should be 607 DCB and Target can be 560.
NSE:DABUR Tomorrow we may see a good move on either side. Just follow the level to take the trade. All the levels will work as support, resistance, entry & exit point with reference to how the price action is working on particular day near to that level. Comment your doubt or suggestion. My personal view is bullish. All the best.
The stock is now on the verge of breakout from the rectangular price range after the formation of cup and handle. If it close above the channel line then a good upside move can be seen. Keep tracking! Keep supporting! Keep learning!
Buy Near 582 SL-561 TGT- 603
Dabur has given a great breakout on the daily and weekly charts for a bullish pattern. One can go long with a target of 630 maintaining a stop loss of nearly 2% from the current levels
Dabur Long at 582 with sl 559 target 645.
Dabur CMP 589 add on dips till 572..Upside 602/608/615++..Sl 568 on closing basis