Dabur- sell Dabur has started its downtrend and completed it retracement and it is ready for more downfall,
if we find dabur breaking the trendline for forming bearish pattern at the mentioned levels.
1:1 risk:reward trade can be easily done
DABUR trade ideas
dabur buy above 530Buy dabur above 530 for target 570 , 600 .
Timeframe 30 min Buy NSE:DABUR NSE:DABUR
DABUR LONG• Descending Triangle formation
• One side of the triangle is a 200 Day Exponential Moving Average.
• 200 Day Exponential Moving Average is strong support.
* Educational Purpose Only *
NSE:DABUR
DABUR trading in very Strong Resistance Zone ! Dabur is currently trading and very strong resistance area that it faced over the past year,
had to wait and see if it breaks above that resistance area and thus giving us the opportunity to trade long in dabur.
Else if follows the same pattern as doing for the past year stock might retraces back thus giving us opportunity to go short.
for trading ideas one can wait for the breakout of the black trendline for entering long and enter short below red trendline.
Dabur long term chartDabur log chart.
Buy for long term with SL Rs 487 MCB. See that 8 ema is always above 21 ema. So keep holding till this condition remains Tgt 621 in less than 2 yrs.
Dabur looking BearishDabur is near to all-time high.
A lot of selling candles are formed in the daily chart of Dabur.
It's not good to take long here.
Short selling is good to choose.
[option] Dabur short....Sell Dabur at CMP
As it has given tradeline BO and trading below this
SL above 525 closing basis
target 496-479
Option
Dabur 480 Mar PE around 5
or
dabur 500 Mar PE around 12
SL spot above 525 closing basis in hourly
Overall market look bearish in small time frame may reverse any time
IF nifty give closing below 14750-14700 then we may see more downfall
[Positional] Dabur Compression BetNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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