Dubar - near Multi Year BreakoutDubar - near Multi Year Breakout
Disclaimer:-
This is only for educational purposes. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index, or any other financial instrument at any time
DABUR trade ideas
DABUR BUY or SELLThe idea here is to check long term resistance. As stock already pulled back from its resistance level, and still trying to break it with some volume but couldn't. In long term scenario, its the sign of a possible breakout in near future. It could be in coming weeks.
There is a short term trend which also provide support to price but if it breaks, then there could be a slight down trend. And it might stay for short period of time. In that case its the best strategy to BUY at every dip.
Chart is 1D bar chart, so if breakout happen then it might give atleast 25-30 percent return in coming months.
NOTE: This is just for educational purpose only. Please consult your financial advisor before placing trades.
Dabur India has given Breakout of Bullish Triangle PatternHello Everyone,
I hope you all will be doing good in your trading and your life as well, i have a stock which has given a bullish triangle pattern breakout on weekly timeframe. Stock name is Dabur India and it is one of the leading fast moving consumer goods (FMCG) players dealing in consumer care and food products. Dabur India Limited is the fourth largest FMCG Company in India and the world’s largest Ayurvedic and Natural Health Care Company with a portfolio of over 250 Herbal/Ayurvedic products.
Market Cap
₹ 1,09,930 Cr.
Current Price
₹ 620
High / Low
₹ 634 / 489
Stock P/E
60.7
Book Value
₹ 55.7
Dividend Yield
0.84 %
ROCE
22.3 %
ROE
19.2 %
Face Value
₹ 1.00
Industry PE
44.5
Debt
₹ 1,365 Cr.
EPS
₹ 10.4
Promoter holding
66.2 %
Intrinsic Value
₹ 145
Pledged percentage
0.00 %
EVEBITDA
38.4
Change in Prom Hold
0.01 %
Profit Var 5Yrs
3.89 %
Sales growth 5Years
7.81 %
Return over 5years
8.67 %
Debt to equity
0.14
Net profit
₹ 1,811 Cr.
ROE 5Yr
21.6 %
Profit growth
7.26 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Inside Bar Breakout in DABUR
BUY TODAY SELL TOMORROW for 5%
Dabur India Hold This week
Risk 1:5
SL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 in first target. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
DABUR - SWING TRADE ON BUY SIDESymbol - DABUR
Dabur is currently trading near support zone of 500 - 510.
DABUR CMP - 506
I am initiating long positions in April Futures.
My SL would be 498 & Targets would be 525 & 540
It may move slow but it should move up from here.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
DABUR 1HR- EARN WITH ME DAILY 10K-20K -
DABUR Looking good for Downside..
When it break level 556.55 and sustain.. it will go Downside...
SELL @556.55
Target
1st 550.95
2ND 545.90
DABUR MAY FUT – LOT 8 (Qty-10000)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
the triangle is complete Dabur CMP 556
The correction is still not over in this counter. The B leg of the correction is a descending triangle and is now complete. The C leg should start from here. Look at the RSI oscillating between the bear zone 60-65/ 25-35. Further strengthening our case. First target will be 433.
Dabur Trendline Breakout TryingHey Family, there is a one more stock Which is showing a great opportunity and forming Descending Triangle Pattern in weekly TF and in daily TF it's trying to breakout trendline, If Stock break's resistance trendline then we can see a good move, let's see breakout sustain or not.
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Dabur Long Term TargetsThis is a Weekly chart. Here are some observations:
1. Price has been in a downtrend since Oct 2021 forming a large cup potentially finishing around Jun 2025 with neckline at ₹650
2. The red trendline still has to be broken to officially get into the uptrend
3. The recent green trendline has been breached following the healthy Quarterly results posted yesterday
4. Price has touched levels of 500 multiple times suggesting it to be a strong support zone
5. Multiple resistance levels on the way up particularly at 565, 600 and 650. All of them can be used as short term targets as well
6. Final target at 800 based on the cup (500 to 650)
Growth Drivers:
1. Economy has faced high inflation in recent times reflecting in the downtrend of stock performance
2. Consumer companies are reporting rural uptick in sales
3. Global consensus of rate cuts in 2024/2025
4. India’s growing population and per capita income
Verdict:
Considering both the macroeconomic factors and the fundamental/technical combination of Dabur, it seems like it has bottomed out at around 500 and is ready for the uptrend likely to hit ₹800 in the coming years. A handle formation is likely at ₹650, so the earnings have to be tracked closely. Happy trading!
Dabur India Ltd. Target 820 Upside 53%Basis wave theory:
Its making a diagonal triangle in its cycle V, of which it completed primary corrective wave 4 in the week of 23 oct. 23. Its previous cycle wave III was exaggerated at 4.618x, and cycle wave 5 was expected to end at 1x at about 627, it however exceeded that by narrow margin of little over 5% (peak 658). This overshooting, and non completion of pattern in the month of Sep.21, suggests that movement is not yet complete.
In current cycle, primary 2 was a zigzag and 4 is a horizontal triangle, fitting theory. Despite two divergences, primary 3 being less than 1.618 and shape being expanding wedge (not a contracting one), I am convinced on the pattern being a diagonal triangle.
Many iterations over the waves, fail to convince on a 5-3-5-3-5 wave structure, and all the factors are skewed towards a 3-3-3-3-3 structure, namely concluding wedge. Moreover, completion of a triangle on 26 Oct. 23, confirms that the final wave 5 has started / yet to start (so far, a satisfactory intermediate triangle completion suggests that final wave has started).
Final primary wave 5 targets 683, 727 / 812, while cycle V targets 820, a positive confluence. This final wave 5 should take a 3 wave structure ABC (not 5, while internal structure may be 5-3-5).
I recall that in very rare cases a diagonal triangle will fail to touch its upper (or lower in bearish case) boundary , in that case, an upward thrust is expected. Post triangle thrust suggests 683 as the target.
Completion of wave 4 is also confirmed by time, i.e. wave 3 primary was completed in about 2 years and current bearish / sideways phase also lasted for about 2 years, suggesting and end of bearish / sideways phase. Moreover, shooting far above the cycle trend channel, by all the 4 primaries, suggests shifting of base (inflation effect?) and higher tops than orthodox (even before onset of our dear friend Mr. Corona Virus)
Alternative confirmations / disagreements:
+ Triangle completion on 26 Oct. also made a double bottom (triple, more lavishly) within its local region.
+ 482-504 is a local demand zone, to which the stock reacted swiftly, it tapped this zone on 26th oct. and bounced (or bouncing) until it reaches supply zone of 600ish levels
+ The low of 504.1 which it touched on 26th Oct., was also a reactive level of 50% of the swing + starting from May 2019, (to which it had reacted swiftly twice)
+ PoC of entire bearish move from Sep 21, lies at about 562, and price dipping below VAL ,suggests it should attempt to touch that region again.
+ Bollinger band width has gained a positive slope after tapping its lift time bottom (a post triangle thrust generally is swift, so rising volatility is a good sign)
+ Weekly 200 EMA (523) strong rejection in week of 23rd oct and close above it in next week with a bullish candle
+ MFI returning from oversold zone
+ OBV tapped below its support levels, suggesting a reversal may be observed. Accu/Dist on a rising trend.
+ Seems breakout out of Supertrend Sell boundary, with close above it, though with a small body
+ 2 closes above weekly R1, strong recovery from monthly and quarterly S2s with bullish harami and 2 closes above quarterly S1 (also weekly P).
+ Barring one occasion in past, whenever it dipped into quarterly S1, a strong rally followed (over weeks), this time its returning from a prominent bruise i.e. dipping below quarterly S2.
Macd still bearish, on monthly TF, while on weekly it shows reduction in deceleration (may be its too early stage of reversal, or correction may elongate if this doesn’t prove to be bullish reversal)
Monthly RSI not giving any signal (ideally, an oversold would have been good)
Monthly, weekly ATR still sloping negative (positive slope would be good)
Weekly still under ichimoku cloud, a penetration is expected as the cloud is narrowed.
Still below middle line of Donchian channel (maybe its too early stage of reversal)
Still below daily 200 EMA of 551
Seems to be approaching its anchored Vwap of 555 (through which it slid rapidly)
Break of structure / change of character is not yet observed, so strictly, opening long is not desirable, but am opening long, as the advance may be rapid and may not give good entry points with theoretical pullbacks
Fundamentals:
+ Large institutional brokers have given target of 600+, no sell or reduce ratings by anyone
High TTM PEG ratio, though RoE of circa 20% is good to have.
+ PE of 54 (historical) seems overvalued, however post 2018, 50ish level seems to be good support
+ Forward two years earnings on growth side, though not very high (supportive of diagonal triangle theory), last two quarterly over 10% YoY growth in operating profit is comforting, maintaining OPM at 20% levels.
+++ Low debt , RoA of 12.5% is still very good (though it has fallen compared to past, quarterly improvements overscore this, atleast for the time being)
+++ Crisil AAA / A1+ - Top notch
+ Recent management interaction on how they are planning to improve their brand valuation, suggests that the company has now started taking falling performance seriously and working over it. So, growth may be expected over long run (though in short run, post diagonal, we would know who stays from old investors and who goes out).
Fundamentals not repeated here, institutional brokerages have done good job in their reports
F&O / Insiders / Bulk / Shareholding / News / Management:
Nov Futures at negative basis
PCR of OI very high at 1.05
+ No insider selling in about 2 years / no block/bulk for almost a year
++ No promoter disposals in last quarters, stays at ~66% and Zero Pledge
+ MF increased holdings by >1% ( while FIIs reduced by almost same amount)
Conclusion : The Stock seems to be fulfilling the prophecies of a diagonal, and a thrust is suggested in high probability. Timelines are either by Aug.24 or by Jan 25 (one of the two)
NB – On fundamental side I am still relying heavily on analysts reports, given they are from proven good platforms, am yet to deep dive myself into it.
Disclaimer : The contents herein are my personal views, with an objective of seeking views and comments from traders community at TV. Nothing contained herein should be construed as an advice, offer, inducement or encouragement to buy or sell any shares, security, derivatives linked to the security, debt security or any other security of the company mentioned herein. The readers must make their independent assessment and evaluation of the company and its securities, and should take advice from their financial advisors before entering into making any financial decision, without relying on anything contained hereinabove, or views given as addendum or comments hereafter. The author shall not be responsbile or liable, directly or indirectly, for any loss or damage caused to the reader, or any other person or third party, whether pecuniary or otherwise, whether in present or in future.
Dabur India range boundfalling because FII cut there stake 1.88 % from Sep to dec quarter.
580 is strong resistant level & 504 is the strong support level
if 580 is broken stock may move upside
if 504 is broken may go down side
it is a narrow range stock still its not touch the R1 and S1
consider if touch the S1 (508) S2 (492)
It is just a view, please trade at your own risk. I'm not SEBI registered adviser