DABUR trade ideas
DABURDabur is forming triangle like pattern in upwards momentum (wedge like pattern). Enter only if it breaks above 564 with the target of 615 and Stop loss 540.
This is only for educational purpose. Trade at your own risk .
DABUR Weekly Strong BreakoutDabur is breaking out of this triangle pattern on weekly chart. Will wait for a closing tomorrow and find long opportunity.
Dabur in rising channelDabur is continuously making higher tops and higher bottom, it is good momentum and the current lockdown in different states also supporting the charts with a reasoning that people are again stocking up FMCG / Herbal goods.
DABUR: WavesLooking at a price target of 570+ in the near term.
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Please do NOT consider these as trade recommendations.
I' am an amateur and posting these charts helps me understand the market better.
I' am open for suggestions/advice.
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Looks bullish for more upmoveThe stock gave a trendline BO today - looks good above 541.2 level intraday. It's making an inverted head and shoulder pattern but will face resistance at ATH.
DABUR INDIA Only company in Big UPTRENDFrom the past two decades it is in Uptrend and continuously generating profits to its shareholders
Support of 200 and 100 EMA on every dip Support of 200 and 100 EMA on every dip with a consolidation may result in massive breakout
As you on check every dip is controlled by 100 and 200 EMA
Dabur- sell Dabur has started its downtrend and completed it retracement and it is ready for more downfall,
if we find dabur breaking the trendline for forming bearish pattern at the mentioned levels.
1:1 risk:reward trade can be easily done
dabur buy above 530Buy dabur above 530 for target 570 , 600 .
Timeframe 30 min Buy NSE:DABUR NSE:DABUR
DABUR LONG• Descending Triangle formation
• One side of the triangle is a 200 Day Exponential Moving Average.
• 200 Day Exponential Moving Average is strong support.
* Educational Purpose Only *
NSE:DABUR
DABUR trading in very Strong Resistance Zone ! Dabur is currently trading and very strong resistance area that it faced over the past year,
had to wait and see if it breaks above that resistance area and thus giving us the opportunity to trade long in dabur.
Else if follows the same pattern as doing for the past year stock might retraces back thus giving us opportunity to go short.
for trading ideas one can wait for the breakout of the black trendline for entering long and enter short below red trendline.
Dabur long term chartDabur log chart.
Buy for long term with SL Rs 487 MCB. See that 8 ema is always above 21 ema. So keep holding till this condition remains Tgt 621 in less than 2 yrs.
Dabur looking BearishDabur is near to all-time high.
A lot of selling candles are formed in the daily chart of Dabur.
It's not good to take long here.
Short selling is good to choose.
[option] Dabur short....Sell Dabur at CMP
As it has given tradeline BO and trading below this
SL above 525 closing basis
target 496-479
Option
Dabur 480 Mar PE around 5
or
dabur 500 Mar PE around 12
SL spot above 525 closing basis in hourly
Overall market look bearish in small time frame may reverse any time
IF nifty give closing below 14750-14700 then we may see more downfall
