This scrip is in correction , and its forming Regular flat , I call it as an ideal pattern , These pattern form by entire market participants trading behavior ,
they dont need to be text book example , its a theory which has proven for long consistent years in the stock market , down the chart i have tried my level best to put complete pattern diagram , ...
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
+ Dabur is forming a bull pennant pattern.
+ Last week's candle is a bullish hammer
Risk takers can buy on dip to increase RR
Safe players can enter on break of pattern
Target, Stop Loss, Profit %, RR specified on chart
Weekend lvl 6 + Double IB
Has been falling from past 6 days without breaking PDH. Now it has made two back to back inside bars near support zone.
Long above 426, SL PDL
PDL = 421.30
If gap up or down, follow 5m ORB.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Buy dabur on a minor dip with a SL of 440.5 and targets of 453/458. #intraday
Adjust trading volumes as per entry price.
Disclaimer :
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NSE:DABUR
![DABUR: [Intraday] Insidebar Dabur](https://s3.tradingview.com/q/qSkJ2h3K_mid.png "[Intraday] Insidebar Dabur")
![DABUR: [Intraday] DABUR Weekend lvl 6 + Double Inside Bar Long Trade](https://s3.tradingview.com/s/sr7UYw5a_mid.png "[Intraday] DABUR Weekend lvl 6 + Double Inside Bar Long Trade")
