DABUR trade ideas
Dabur near to ResistanceMajor Resistance - 530
Short Term Support - 475
Long Term Support - 360
Chart Trend - Positive/Narrow
Chart Pattern - Wedge
Recommendation - Buy/Hold
DABUR TRIANGLE 30MDABUR is forming a traingle pattern in 30M timeframe. Looks bearish at the moment because it is creating lower highs and testing support multiple times. Add to your watchlist and keep track of it. Can be a good trade if it breaks out of range. Happy Trading!
Long DaburTrade Setup: Hammer Setup
Buy Zone: above 504.25
SL: 493.50
Target: Target1=522, Target2=536
Imp:
1. Trading requires more than technical analysis . e.g. Risk Management, trade management, psychology etc.
2. Always follow stop loss.
3. Once a trade is in your direction (say) 2-3%, never let it go in a loss.
4. Simply follow rules. Nothing else..
Disclaimer: This is for demonstration and educational purpose only.
LongIt's showing strong at this level
Tomorrow it might touch 511 if opening gap down and boost again towards 519
Or it will open gapup at 419 and will move towards 522 ....
Dabur - Pull back trading (Remember the past)Dabur has a history of giving pullback traders very good oppurtunity to enter. any breakout in dabur will be followed by a pullback. Traders can take long positions once the trend confirmed or think of entering early if you are a risk taker.
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
Dabur Long PositionDabur is in ascending triangle formation since April 2020, and now on the verge of breaking the triangle. Target is the largest leg of the triangle.
LONG ON DABURPrice forming a clear Ascending Triangle Pattern.
Has been showing consolidation at 520/- levels in the months of Oct and Nov.
Upward Breakout Expected. Go long when price crosses 520 levels with strong volume
Dabur - Bullish Engulfing at supportNote: This is for educational purpose only.
There seems to be a bullish engulfing on support of ascending triangle with high volume. There seems to be a RSI bullish breakout as well.
Dabur Levels To be very honest i am bit biased as winter season as come and demand for its products will boom ass well as they posted well profits last quarter and expecting next results is profits too.Moreover, stock has tried to break 501 multiple time.I have bought at 506 Jan fut target price 530, SL 498 or if it crash i will hedge for short time.
DABUR NEXT POSSIBLE TARGET IN WEEKLYDABUR NEXT TARGET IN WEEKLY. IF ANYONE LOOKING IDEAS ABOUT ANY EQUITY OR COMMODITY SCRIPT LET ME KNOW IN COMMENT SECTION . I WILL POST MY VIEW.
