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DABUR : SWING Pick!
Method :
Simple Channel Breakout.
The bottom line is called the Basic Uptrend line & the upper secondary line is called the Channel line.
The failure to reach the bottom end of the channel is often an early warning that the upper line will be broken, usually indicates a strengthening trend.
Risk Management :
Risk only 2% of your...
The Stock was shared on June 7 with following details
#DABUR: Buy between 540 TO 550. Target : 561,574,581 Stop Loss : 513
Now sky is the limit for DABUR
Given a good breakout with good volumes after forming a bullish pattern!
Can enter now or wait for a confirmation candle!
CMP= 589.75
TGT1- 613.85
TGT2- 631.85
TG3- 644.70
SL- 561.55
Dabur Cmp 590 dated 1.7.2021
1. Consolidating in a channel 14 months. BO @ 597.
2. Cup & Handle BO already done @ 583.
Buy for a tgt of 645 - 685 SL 560
It is just a view, pls trade at your own risk.
Dabur India had a bullish breakout from its channel pattern and also it's in an all-time high, so give an entry with appropriate Stop loss
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give...
Note: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a bullish Cup & Handle pattern breakout in Dabur with good volume. Moreover, Dabur is performing as compared to Nifty. There seems to be RSI bullish breakout. RSI is at 68 indicates bullish momentum.
SL: ₹560
