DABUR trade ideas
Dabur India Ltd | Best Time To BuyHello Everyone I am mr.sardar , Here is my Technical Analysis about Dabur India Ltd. this is the best Time to buy dabur India Ltd share. A strong Bullish Engulfing pattern make in one day chat see my Full analysis .....
This analysis only for Educational purpose.....
Dabur India Ltd : Buy at 536
First Target 570 no Stop loss 🎯
Target will be achieved with in Two months
Dabur short Intradayshort dabur 565 Sl above 570
target 551
R:R 1:3
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Channel pattern inviting us to go Long. Let's Wait for breakout.Explained in chart.
SL-- Day candle closing below 540 .
Yellow trendline above is the target when touched....safe to exit.
it is yet to form a higher low and then we can expect a breakout.
Lets wait and watch...
Add it to watch list...
Note: just for knowledge...not a tip nor advice.
DABURNSE:DABUR
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Dabur long at 574Tranche 1 - 47 shares @ 573 on 8 Dec 2021
Tranche 2 - 35 shares @ 574 on 4 Jan 2022
1. Market is in what stage - Identified by what kind of highs and lows that are being formed + movement of price w.r.t 21, 50 and 200 EMA
Price declining since top in Sept... Looks like accumulation since early December. Price was below 200 DMA in Dec but has crossed up 200 DMA and taken a pullback till 21 DMA... ideally should continue the journey upwards
2. Is there any trend reversal in play?
1. Multiple divergence confirmations on MACD, RSI and MFI? Not very clear
2. At important support or resistance - horizontal - Yes - 576
3. At important confluence of EMAs + price + support - Yes - Daily 200 and Weekly 50
3. How are the candlesticks behaving and what is the volume doing
Candlesticks - HH,HL plus volume shows buying - though 4 Jan's pull back candle is big red
4. Is there any trend continuation in play?
Currently in accumulation.... Good candidate for up trend
5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance)
Yes breakout of key level 576 + pull back to key level... ideally upward trend should continue
6. Fundamental factors in play
1. Revenue growth - EPS vs PE ratio - last 5 years comparison - EPS rising quarterly + Yearly... PE Higher than 2020 but since 2020 PE breakout, at lowest point i.e. 55... high was 65
2. Are institutional investors/promotors increasing their stake - Institutional have increased while domestic and public have reduced
harmonic shark for shotingdabur on its daily time frame has made a bearish shark. the trendline breakdown is the dabur can be shorted on sopt price once price settles below the trendline on daily baises.
the sl for the trade is 6043 on the closing baises target one is 530 and target 2 is 493 ...keep trailiing sl. once target 1 is reached
Dabur - Swing Trade PREVIOUS CLOSE
₹572.70
DAY RANGE
₹571.05 - ₹585.25
YEAR RANGE
₹482.25 - ₹658.95
MARKET CAP
1.04T INR
P/E RATIO
59.43
DIVIDEND YIELD
0.89%
Dabur India broke out the cup and handle with good volumes. Retesting can be seen at given levels then given projected prices can be achieved.
I'm not sebi registered please consult with your financial advisor before investing...
Just educational post
Happy trading guys