DABUR trade ideas
Breakout in Dabur - Daily and weekly chartReady to show a good run. Dabur shows a bullish engulfing at the right support area. Also, taking support from 20 SMA. Its a good buy opportunity for 30 points.
Dabur - Channel Pattern Top and Reversal Started - ShortHi Guys,
Please find the detailed analysis of my view in Dabur!!!
Time Frame of Chart - Daily
Market Structure - Advance
Swing Point - Swing Low to Swing High
Last Line of Defense is Braked ? Yes
What Type of Trend? Strong Trend - EMA20
ATR Volatility? Flat
CPR? - Bullish Bias
What type of CPR? Average
Previous Virgin CPR is there? No
Trend: Bullish
Chart Pattern: Channel Pattern
Build Up happened before /after the breakout of the Chart Pattern? No
Breakout Happened? No
Breakout Happened with god volume in Chart Pattern? Not Applicable
Retest Happened? No
Whether Breakout happened near the CPR? Not Applicable
Post Retest Any Candlestick Pattern Found Inline With? Not Applicable
In Area of Value whether any trend continuation pattern Found? No
Any Candlestick Pattern Found for Reversal at Market Structure? Yes
Candlestick Pattern: Spinning Top
Support: 581.25 and 548
Resistance: - 605
Trading:
Sell : Below 581 ( Closes Below Daily TF)
SL - 589.80 ( Closes Above Daily in TF)
Target - 550
Risk: 8.80
Reward: 31.00
Ratio: 1:3.52
Trade is Favorable ? Yes
Regards,
Thenali Views.
Disclaimer: Kindly do your own analysis before executing the trade or contact
your financial advisor
Cup and Holder breakout given and also it is in retest zoneCup and Holder breakout given and also it is in retest zone - SL and Target given, safe players can enter after dividend result
Dabur looks good!1:1.12 risk to reward ratio. Always analyse your risk before trading and have fix stop losses! #playbythebook
Dabur 1D - Good example of breakout and retestBreakout candle on 1July with good volume and retest happening on 14 and 15July. Consecutive bearish candle at top with low volume, so I will not consider it as trend reversal yet.
Wait for one good solid bullish candle with volume to confirm the support retest and then should be a good setup for entering short/medium term long position.
I will not enter without confirmation and follow up as Nifty is trading at all time high.
P.S: This is NOT an investment idea or trade tip. You can use this chart for learning purpose. Trading decision to be taken at your own risk.
Rally must stop at the support and turn to the long sideRally must stop at the support and turn to the long side
DABUR INDIA LTD| SHORT TERM TARGET 640DABUR INDIA LTD. HAS FORMED A BEAUTIFUL CUP AND HANDLE PATTERN. IT IS RETESTING THE NECK LINE SUPPORT I GUESS. AFTER SUCESSFUL RETESTING THE STOCK HAS THE THE POTENTIAL TO GO UPTO 640 IN SHORT TERM.
1.THE STOCK HAS GIVEN A CHANNEL BREAKOUT IN WHICH IT WAS MOVING SINCE AUGUST20.
2. DAY RSI TAKING SUPPORT AT 60.
3. HOURLY RSI IS ABOUT TO RISE FROM 40.
4. THE STOCK IS READY TO MOVE UPSIDE AFTER 50% PERFECT RETRACEMENT.
