Trade ideas
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.
ONE MORE FROM FMCG OR CONSUMERMARKET STAGE 2 , SECTOR CONFIRM STAGE 2 , STOCK IN STAGE 2 😂
FOR EDUCATIONAL PURPOSE ONLY
IF S1 HIT TRY TO MAKE POSITION NEAR S2 AND IF IT GO BELOW PRIOR SWING LOW MOVE OUT OF TRADE
AS NOT GOOD AT PUTTING STOPS
AS VOLUME AND RS IS NOT TO SUPPORTIVE
EVERY TRADE HAVE A PROBABLE OUTCOME✌🏻
look for long entry logic - the stock have given multiple level test. the zone looks weak we can enter long once the level is taken out if we see a small buildup then we can get a good move - simple analysis ( I'm not a financial adviser I just share my clean simple techniques ) less noise in the chart (( short term entry) enter with proper risk management
risk what you can consume
Dabur - Coming out of Accumulation soon!The volume on the bearish candle was concerning but the Bulls absorbed all the supply and hence the next candle was a hammer. The price is in a range/accumulation phase. An ambush entry can be taken with the previous low as a stop loss. A safer entry can be taken after the break of the range on the upside.
Targets: 547, 562, 578.
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Swing opportunity in DaburGo Long above 544.4 for Targets of 559.25, 574.1 with SL 529.55
Reasons to go Long :
1. If we draw Fibonacci Retracement from recent swing low (Point A) to recent swing high (Point B) on a 1 Day chart we see the stock is taking support of 0.618 Fibonacci level.
2. Around 0.618 Fibonacci level, we can see that the stock is forming double bottom (W pattern) which is bullish.
3. In addition to this the stock gave trendline breakout.






















