DABUR - SWING TRADE - NEAR THE BREAKOUT POINT514 is an important level for the stock, as it seems from the chart. So look out for a breakout.....
Look at the charts and make an informed decision.
Thank You
Happy Trading
Beware of risk involved in stock market and this is for educational purpose only.
DABUR trade ideas
DABUR is Making Descending Triangle Pattern (Breakout Trade)Dabur : Fast-Moving Consumer Goods Company ( NSE:DABUR ) is Making Descending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
Keep a close watch on DABURNSE:DABUR
Hi Traders,
Keep a close watch on Dabur. It is developing support around 490-92.
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#DABUR WEEKLY CHART VIEWDabur India Ltd.
Their is no huge changes visible
The price is maintaining same sideways trading sentiment.
515 is immediate resistance and 494 (5MA) - 490 are supports.
Breakout from mentioned support and resistance can unfold up move towards 525-530 on the up side and 480 - 475 should consider as sown side supports below 490.
DABUR is Making Strong SR Channel Pattern (Breakout Trade)Dabur : Fast-Moving Consumer Goods Company ( NSE:DABUR ) is Making Strong SR Channel Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma