Dabur long entry can be taken.W+D BO done.& closing above the level of 500 the sign of bullishness. Long entry can be taken above the price of 510 for the target level of 530-540 SL 488.
always do trading as per your Reward to Risk ratio .The ideas sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Watch the August month performance sheet. All trading ideas freely shared here for your education & support.
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DABUR trade ideas
DABUR LONG TERM ANALYSIS AND TRADEDabur is making a bullish triangle formation and appears to be near completion. It has formed 6 points of contact on the trendlines. The price may perform a breakout above 525, which is the current high.
The RR is favorable with a stop loss @ 470.
FMCG sector has been fairly flat for a while now and I am expecting some momentum to pick up in the coming weeks.
DABUR - SWING TRADE (Discussed Earlier)The time has come for dabur. The breakout happened and those who followed me must be in good profits. The stock is set to give more than 15 points. So wait and take informed decision.
this is for educational purpose only.
thank you
happy trading.
check out my analysis on dabur posted sep 2.
Short sell set up One can wait for price to tag 504 or 512 and reverse completely as bearish Candle , sell on brake of that bearish Candle
and stop would be above the candle high you sell and let the trade run for a while
booking using trailing stop when it starts nearing the take profit area , its high likely some time due to momentum of market participants
the price will extend its move , which is also forecast in this chart
Good luck
Check Out DABUR INDIADABUR has been trading at the lower trend line of the channel pattern as well as at the support level. If prices can support this level, in the next few sessions, a potential up move is implied until the upper line of the channel( Resistance level ).
Cheers! Feel free to share your view about this.
Happy Trading.