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.
Daburindia
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.
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".
DABUR DAYLY time bullish move DABUR DAYLY time bullish move
news
1 APPROVED CAPITAL EXPENDITURE OF 3.26 BILLION RUPEES FOR ITS INDORE PROJECT IN MADHYA PRADESH
2 forayed into the premium black tea segment with the launch of Dabur Vedic Tea, according to a Tuesday statement.
Dabur Vedic Tea was launched on the e-commerce marketplace Flipkart
Simple Trade Setup | DABUR | 18-04-2022 [INTRADAY]NSE:DABUR
Observations:
1) On 1day time frame, we can see resistance channel.
If it gives breakout of this channel then we can see a good up move.
Also level 560 is immediate breakout level.
Please refer below chart : 1day time frame.
2) On 15min time frame, we can see short term support channel and long term resistance channel.
Please refer below chart : 15min time frame.
-------------------------------------
Trade Setup for 18-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
DABUR LONGDabur forming a double bottom pattern.
Good buying opportunity in this stock
It is good to buy calls for next month once it breaks the above resistance
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.