DABUR trade ideas
DABUR NEAR ALL TIME HIGH BREAKOUT Dabur daily chart trading near an all-time high & making triangle pattern stock is consolidating near all-time high usually after consolidation sharp move happen
the stock also making higher low it's a bullish sing, strong buyers, available
Trading + Investment plan = You can accumulate stock between 525 to 505 levels
Breakout Above: 530
After the breakout good move expected because the stock is trying to break its all-time high
Always respect risk never take more than 1% risk on total capital for signal trade
DABUR under significant pressure#Dabur rose quite a bit on 19th & 20th Oct.
Between 21st & 22nd it has not only given up all the gains but looks under a lot of pressure and may soon crack if it falls below 508 and spends some time there..
If that happens we may see fall by another 10 to 15 points.
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All Time High Mega Breakout in DaburAll Time High Mega Breakout in weekly chart of Dabur company. The script was continuous compounder in the past for more than 15 years but the stock has rise and fall in the recent four years e.g. 2016, 2017, 2019 and 2020 (Due to corona). These corrections due to weak financial growth in the last four years in terms of revenue and profit but expected good results in the coming two or three quarters due to corona related immunity booster products. My First Trade Target is 640 and second 720 with stop loss of 440-450. Time Frame from 3 months to 12 months.
Dabur is showing strengthThe analysis is given on the chart
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I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and trade carefully!
Grateful!🙏