DABUR trade ideas
DABUR INDIA: A MAJOR CONSOLIDATIONAs we can see the stock is behaving so normal between the range of 572 to 580 and if it will cross 582 then it can move to higher levels.
As a risky trader you can also take risk while buyiing the levels of 572 and sell it when it goes till 580.
But play on your own risk.
DABUR: Move for breakoutI purchased Dabur as a call option 2 days before. I booked the loss in this call option. So based on my experience i am sharing my views on the stock.
- The stock is showing a daily rally of 572 to 580 levels.
- The major resistance is on 580. If it crosses the major resistance zone than the stock is capable of showing a big breakout.
- Wait for the volumes to go up.
- The stock is forming a rounding bottom pattern.
Targets: 590
Dabur India : short duration Positional long Trade ideaAs on Daily time frame Dabur stock price is at support on an up trending channel with a higher low, we may see a stock price gain up to previous swing high as 1st Target.
So Trade execution will be as follows :-
Long Entry (Positional Buy) @ or above ₹545
Stop Loss (in case of loss - Sell @ or just below ₹533
Target 1 : ₹575
Trailing Stop Loss : with 5 period simple moving average or at target if prices took residence at Target 1
Risk : Reward : 1:2.5
Disclaimer :- This post is just a educational study on trading idea & not a Trade Recommendation. Please do your own analysis and RESPECT STOP LOSS if you take Real Trade on this stock idea.
BUY DABUR - Channel support level for min 5% targetIt is being traded well in a channel for life life time. It gave a break out few months back and again returned to the channel. Now it is trading at its channel support level. Hence it would be the good buy at this level 525-530 for the short term return of 550/560 and mid term return of 635/700( yes 700 as it would be reach post break out ).
Strick STOP LOSS level of 520, as in monthly chart it seems to be going down towards 480 level.
Note: It is just my opinion and not a recommendation or promise.
ITS DABUR'S TIME TO ROAR INTRADAY/SWING#40 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also posted my views on stocks which on the verge of breakout indraprastha gas, ubl , castrol, hindustan unilever, jindal steel, india bulls.