DABUR trade ideas
Buy DaburBuy Dabur CMP 539 with stoploss of 513 and Target is 563 and 577
Study: Cup & Holder Breakout and volume is also increasing
Ascending Triangle, Swing Trade, DaburThe stock has been consolidating in 530 to 498 range for long time. Yesterday it broke 530 and i am guessing we can see an upside movement. Also, if we zoom out, the chart looks similar to build up of ascending triangle in daily and weekly time frame. Trade looks good for short time duration. Stop loss can be put according to personal risk management.
NB: This is not a stock recommendation, i am just sharing my view only.
#DABUR - Buy Dabur above 527 for good gain in short termDabur gives a good BO from the triangle pattern with a strong bullish candle. Buy above 527 for the possible targets of 551, 567.
Inverse head and Shoulder pattern in DABUR for target of 534+Bullish inverse head and shoulder pattern in Dabur and this will breakout above 515. If breakout happened it will ready to target of 534+ in 1-2 trading session. After breakout possible, it will show some breakout correction from 519 to breakout level. Breakout level becomes support after the breakout and it will bounce back towards the target from 515 to 534+.
The good entry point for this trade is at 515 but if want to wait for correction then can take entry above 519 after correction.
Possible Trade:
Buy DABUR above 515
Stop-loss - 508
Target 534+
Dabur - If Closes above 533, Long for T1=55929th Dec'20:-
Dabur trapped in trading range, goes for breakout testing. If succeeds and close above 533, then you may long for target of 559.
LongMight come down to 509 and will shoot for higher target of 516 ,519 ....
If formed bullish pattern around 509 ...
If open gap above 519.25 with green hammer will shoot for the target of 528 in 2,3 days
Dabur - INVERSE HEAD & SHOULDERS PATTERNAn INVERSE HEAD & SHOULDERS PATTERN is a clear cut indication of a breakout. A BIG BREAKOUT...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
Dabur Best Buy 493-500 with Tgt1 528-530 and Tgt2 550-555 SL 472Dabur Best Buy 493-500 with Tgt1 528-530 and Tgt2 550-555 SL 472 holding 45-90 days period
