DABUR trade ideas
Could DABUR rally again ??On daily charts, Dabur took support near 540 level which a good support zone from past 1 year. Whenever it comes near this range either it goes sharp up or down. So we its look good for long trade because of following reasons....
1. It took support on support zone and also there is trendline from down which acts as a good dynamic support.
2. BY Fibonacci levels it rejected 0.5% level so its good retracement from bottom .
3. In coming days it may retest 600+ level.
So we can go long as soon it crosses 575 level with volume on daily charts, also it should close above 575 on daily chart. If it not sustain then it may fall. So trade with stoploss. Then good bye.
DABUR INDIA LTD (LONG)Trend Line on the daily chart
Buy-570Rs / Sell-600 / 610Rs / Stop loss-556Rs (Swing Trade)
Disclaimer:
Don't consider this as an investing or trading advice. The analysis which i share here is my
personal opinion. Kindly do your own analysis before taking any financial step.
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Falling wedge pattern breakout in DABURDABUR
Key highlights: 💡⚡
✅On 1h Time Frame Stock Showing Breakout of Falling wedge Pattern .
✅ Strong bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 580+.
✅Can Go short in this stock by placing a stop loss below 561-.
Dabur is going to break the supply or demand trendline tomorrow.DABUR is currently trading above the demand zone and between the supply and demand trendlines. selling volume is getting dried.
We should expect bullish movement up till the next supply zone if the supply trendline breaks.
However, if the demand trendline is broken, we might anticipate downward movement.
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for volume analysis "Wave Volume Divergence" Indicator has been used.
DABUR BREAKOUT RETEST ??Dabur India gives a super bullish move today and gives a strong breakout above strong resistance and closed above too but somehow I missed this move so what I am expecting now is that it will give a breakout retest on it's breakout zones of 580 levels so that could be good opportunity to enter in this stock with the target of 602 and 626 and the stop loss will be 567 the previous resistance hopefully this time it will act as a good support for this stock, One more possibility there is if it will retest breakout successfully so after it could come for test todays closing price after hitting the price of 602 that could be the good spot for second entry.. It is simple price action based idea once you will understand you will execute it better.
Dabur India LtdDabur India Ltd
ABOUT
Dabur India is one of the leading fast-moving consumer goods (FMCG) players dealing in consumer care and food products.
KEY POINTS
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.
Business segments FY22:
Home & personal care (47%)
Dabur operates in the Home Care category with brands like Odonil (air fresheners), Sanifresh (Surface cleaners), and Odomos (Mosquito Repellents).In personal care, the company operates in Hair Care, Oral Care, Skin Care, Home Care, and hygiene products.
Health care (~36%)
This vertical comprises sub-categories like Health Supplements, Digestives, OTC, and Ayurvedic Ethicals. The year marked the expansion of the Dabur Honey portfolio with the launch of a range of new value-added honey products.
Food & Beverages (~17% of the revenue)
Dabur operates in this category with packaged Fruit Juices under Réal and Réal Activ brands, and Culinary Pastes and sauces under the Homemade brand. This segment grew by ~48% in FY22.
Brands & Market position
Dabur has established brands in the natural healthcare, personal care, and food products segments. It has ~63% market share in the health supplements segment (Chyawanprash), ~16.5% in the oral care (toothpaste) segment, and 15% in the hair oil segment. It is the market leader (around 60% share) in the fruit juice segment, with its Real and Active brands.
International Footprint
Dabur's products also have a huge presence in overseas markets and are today available in over 120 countries across the globe. Its brands are highly popular in the Middle East, SAARC countries, Africa, the US, Europe, and Russia. Dabur's overseas revenue today accounts for over 26% of the total turnover.
Asia – 22%
America – 16%
Europe – 12%
Africa – 24%
Middle East – 26%
Manufacturing Facilities
The Company has 13 manufacturing locations in India and 8 manufacturing facilities located in UAE, Egypt, Turkey, Nigeria, South Africa, Nepal, Bangladesh, and Sri Lanka.
Distribution Network
Dabur has a large distribution network, with over 3.2 million retail locations and a strong presence in both urban and rural areas. Dabur uses third-party contract manufacturers for flexible production support, Dabur added 40 new third-party manufacturers and if the volumes for these new products grow, Dabur brings them in-house and sets up production lines at its own plants.
R&D Infrastructure
The Co. started its first R&D center in 1919 and conducted its first clinical research in the 1990s. The Co. conducts clinical studies at its R&D center where it employs 100+ scientists. The company invested ~42 Crs towards R&D in FY22., Co. has 13 Patents Granted to date & 3 Patents waiting for approval. Dabur’s global IPR portfolio comprises 2,827 registered trademarks and 811 pending trademark applications.
TECHNICAL ANALYSIS.
Time Frame - 1D.
1. Very high trading and delivered volume.
2. Increase OI in FUT.(long side)
3. Option chain is quite interesting, 600 level will be crucial.
FUNDAMENTAL ANALYSIS.
Sector: Sector: FMCG
1. Market Cap - ₹ 105,064 Cr.
2. Stock P/E - 58.6
3. Price to book value - 11.9
4. Debt to equity - 0.12
5. Free Cash Flow - ₹ 1,433 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
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Trendline Breakout in DABUR DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades (high momentum stocks) 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
Trendline Breakout in DABUR
BUY TODAY SELL TOMORROW for 3%
DaburPrice is consolidating in a triangle. Buy above 552 with the stop loss of 548 for the targets 556, 560 and 564. Any one who trade with strategy and manage risk can become a profitable trader. Sell below 545 with the stop loss of 559 for the targets 541, 537 and 532. You are responsible for your trades.