DABUR trade ideas
Dabur Flag & Pole Pattern Jackpot Dabur Flag & Pole Pattern and double bottom double confirmation Jackpot view on daily tf
can look for first tp of 600 and final tp of 650-660
with stop of 538 on daily closing basis
Risk reward ration will be 2.52
dc : only for educational purpose
kindly support me with your like and follow for these kind of strategies and analysis
it help me to motivate
DABUR | Investment Pick📊 Details
Dabur India is one of the leading fast moving consumer goods (FMCG) players dealing in consumer care and food products.(Source : 202003 Annual Report Page No:280)
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
Dabur indicates the start of a uptrendChart type - Heikin Ashi
Time frame - Weekly
Indicators Used:
1. Moving Averages
2. Fibonacci Retracement: Marked by Swing Low of 503 and Swing High of 597
Analysis Notes:
1. The price has successfully tested the retracement level of 50% which is at 548. Now the price has given the breakout of its retracement level of 38.20%.
2. The moving averages didn't breakdown the retracement level of 38.20%.
3. A green HA candle momentum candle also gives a closing above the moving averages.
Resistance - 573.70 (23.60% retracement level)
Price Prediction: If the price holds the levels of 575 then it will test the levels of 600
Note: Daily chart works best for entry and exit in positional trades.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. The material here is purely for educational purposes.
Thanks
Sardar Simranjit Singh Virdi
swing trade , long position DABUR INDIA LTD.
Is now at the 558 at the moment . in current situation on weekly time frame
the stock took a great support and on daily time frame the chart indicates
the cup and handle pattern .
for now we can expect a long swing position.
so the target 1 will be 600.00
and target 2 will be 654.50 respectively.
its just an idea for a trade . do your own analysis before buying
drop a comment if you found informative.
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Harmonic Pattern with Flag & Pole
📌 Symbol/Asset: DABUR
🔍 Description: Stock has formed Cypher Harmonic pattern and then it has given pullback. Now Stock has formed Flag & Pole pattern and it may continue upside soon.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Dabur India, BullishDabur India shows bullish setup with confluence of multiple patterns. The stock is trading below and
approaching #200EMA which is important support / resistance level. The stock has given 5month
trendline breakout, along with W-pattern and is also forming rounding bottom pattern. The key levels
to watch out are indicated in the chart.