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DABUR

Dabur - 4th Re-test of All Time High regionThanks for coming to this update. Before you start reading kindly hit that like button. It motivates me to keep doing such work for free. Thanks Dabur is re-testing the 515-525 region for the 4th time now. In the last trading session, it was consolidating below resistance which is a good sign for people wanting to go long. A break above this could give some upside momentum. It is also making an ascending triangle on the Daily chart that has a higher probability of breaking towards the upside. One thing to note though is that volume is not great in the up move and this could result in a failed rally or trap. Please beware of this and trade safe. Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision. In the end, either you follow your rules, or get eaten
NSE:DABURLong
by iSauravKr
Dabur - Break of 500 resistanceThanks for coming to this update. Before you start reading kindly hit that like button. It motivates me to keep doing such work for free. Thanks Dabur had been making an ascending triangle on the daily chart and has broken towards the upside. The upside breakout came with more volume than average for the past few sessions but not very substantial, thus I would be a bit careful I decide to go long (both from positional or intraday perspective). This could also be a trap for retail traders. Next level of resistance: R1 - 516 R2 - 524 Support region: S1 - 590 S2 - 580 Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision. “If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.” - Bill Lipschutz
NSE:DABURLong
by iSauravKr
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