Dabur-Momentum Expected to continue-Swing Trade-Bullish NSE:DABUR
01.07.2024
Buy- 612
Target 01-633
Target 02-655
Stop-590
01.Inside bar breakout
02.Downward range ended & retracement successful
03.Previous resistance converted to support &
04. 21 EMA Rejection & price above 50 EMA
found breakout after small consolidation
05. FMCG Sector gained momentum from past few days
DABUR
Dabur: Resistance Zone !Hey There,
- Like always, The chart is self-explanatory.
- We saw a triangle breakout which happened very close to a crucial resistance zone that acted like one.
- This is one previous support that turned crucial resistance
- Previously, the price has fallen 3 times after testing this level. The fourth time's a charm?
- We see a good consolidation at the resistance zone since the breakout
- NSE:MARICO sustained similar consolidation to fly high whereas NSE:HINDUNILVR failed to break it.
- What will DABUR do?
Have Insights or Questions? Let us know in the comments below.👇
While you do that, how about a boost for some motivation🚀
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
Dabur India Ltd (NSE: DABUR) ForecastBased on the weekly chart for Dabur India Ltd (NSE: DABUR), here is the summary:
Key Levels:
- Resistance Level: Around 630-640
- Support Levels: Around 500 and 420
Current Price:
- Current Price: 555.45
Chart Analysis:
1. Failed Breakout: The chart indicates a recent breakout attempt above the resistance trendline, which has failed. The stock is now trading below this level.
2. Symmetrical Triangle: The stock appears to be forming a symmetrical triangle, indicating a period of consolidation before a potential breakout or breakdown.
3. Potential Sell Signal: Given the failed breakout and the current position below the resistance, there is a possibility of a downward move, especially if the stock breaks the support level around 502.
Targets:
- Buy Target:
- Target Price (TP) for Buy: 635
- Sell Targets:
- Short-Term Target: If the stock breaks below 502, it may head towards the support around 418.
- Long-Term Target (TP): 415
Strategy:
- Wait for Weekly Close: It is essential to wait for a weekly close to confirm the direction. A close above the resistance trendline would indicate a potential upward move, whereas a close below the support level around 502 would indicate a potential downward move.
- Buy Position: Consider buying if the stock closes above the resistance trendline with strong volume and momentum, aiming for a target of 635.
- Sell Position: Consider selling if the stock breaks below the support level around 502, with a target of 415.
Conclusion:
- The stock is currently in a critical zone with a failed breakout above the resistance trendline. Monitoring the price action around the key support and resistance levels is crucial. A clear breakout above the resistance would indicate a potential upward move towards 635, while a breakdown below the support could lead to a decline towards 415. Patience and confirmation are key before making trading decisions.
DABUR--Breakout or Breakdown??this stock is trading in the channel,
A strong buying pressure is observed in this stock at 500 levels.
we have a chance of breakout in this stock.I will give an update again if this gives breakout or downside.
until keep this watch mode. Sell at trendline and buy at bottom line.
#BRITANNIA 4532 invest for Diwali recommend BUY- Rachit Sethia BRITANNIA 4532
TGT 5100 +++
SL 4400
TIMEFRAME <6M
RR > 3
Return >15% +++
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
DABURNSE:DABUR
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
TRADE_SETUP_DABUR 10% MOVE IS STARTING NOW!This FMCG stock is spotted completing a complex triple three(WXYXZ)correction to a prior leading diagonal wave 1 that it had developed between October-Dec.2023.
The stock has made a 50% retracement of the 'wave 1' rise during the complex correction in the past three weeks.
Now that the corrective wave is nearing its end(or already ended), the stock should be expected to make a ''U-turn" from current levels and should attempt to move towards the INR 580 mark in coming weeks/months.
INR 520 can be used as an "SL" on the downside.
At current levels, the stocks offers an attractive risk reward of 1:5 for a short term trade.
Note*- Views are based on personal opinions/observations. Please do your own research before making any trading/investing decisions.
Dabur - Bullish ViewDabur - Elliott Wave Count
The market has begun the bullish after the wolfewave with the target of 650 and above. its suggested to wait for correction to take long position for a good price. wave E should be the SL for the long trade.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:DABUR BSE:DABUR NSE:DABURZ2023
Dabur India Ltd perfect time to buyNSE:DABUR
It's the 2nd touch down of the price action to the 200 EMA. Easy 12-15% gains from here within 4 months. Green rectangle is the perfect area to buy.
At the last touch down to 200 EMA we saw a 20% gains within 2 months.
*Not a financial advice.
My charts speaks louder than words.
I'm a chartist and I paint charts.
DABUR INDIA LTD 15mins both long and short entriesHello traders,
Today we are going to look at NSE:DABUR stock. We have two sided opportunities in this stock. We can do short selling and take long position . Short selling means my suggested first entry is from 540.00 to 549.00. The second entry is 558.00 to 567.00.
Now if we want to take long entry we can buy this stock from 517.50 to 522.
Trade according to your risk management
Thanks & Regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
#Emamiltd #HINDUNILVR #ITC #DABUR #BRITANNIA #MARICO #NESTLEIND NSE: EMAMILTD
CMP: 486.35
Target 596 ~23%
Stop Loss: 450 Trailing
RR > 3
Tf 6M.
NSE:EMAMILTD
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia