DaburThe Stock has Broken the Descending Trendline. The Stock now started Ranging and wait for the Breakout
Daburindia
Dabur from 21 June 2020Dabur is showing signs of upside. .. multiple doji candle can be expected but stil
good upside movement possible ...
safe traders buy above 448.70 == volume tested support
risky traders can buy above 445 == above volume tested resistance
target of 454 -> 470
if touched 481 then complete reversal to uptrend can be seen !!
DABUR - How wonderfully Trendline retest plays outDABUR - How wonderfully Trend-line retest plays out
DABUR - Time to BounceThe Trendline breakout has been seen on the dabur intra charts and the said breakout is followed by the trendline retest.
The Trendline which was earlier working as resistance are now supposed to be working as support.
The said trenline support is aligned with the harmonic cypher pattern support@ 460 levels.
This is small risk trade with a stop at 452 levels, with a initial target of 475 and 490 levels.
Dabur Doji Formed In Dabur Daily Doji has been formed with more than average volume present . if tomorrow it downtrend begins than can take short position depending upon trader mindset ( risk taker or averse ) . Dabur has too many level for support and resistance get in fast and get out faster ... big target may be difficult or may test the traders patience.
DABUR - BUY ON DIPSDABUR - BUY ON DIPS
Currently overextended, immediate resistance at 470.
Looks like it will consolidate for a while, to relax its overbought readings.
Watch price action in the range of 460 to 440 for timing the entry.
The said view will be negated below 430 levels.
Dabur holding 438-440 supportStock can be seen holding 438-440 support from last 6 trading sessions.
Prices can be seen trading in a Broadening triangle pattern.
Divergence in RSI can also be clearly seen.
DABURBefore the technical analysis, Please do like comment and follow.
In the hourly time, frame the Ascending triangle is forming. take entry after breaking the resistance of the triangle. wait for the target.
Stock: Dabur Looking for ShortStock: Dabur
Looking for Small Correction is there & I may turn to be a big one
Cmp: 455.60 {Close}
SL:461
Short Below: 453
Expecting : 449-438-432-422
dabur india expecting an uptrend move(building bullish sentimenton weekly chart it is clear cut uptrend sentiment building with building a bullish chart pattern "W". The Fibonacci level support exactly matches and confirms the trend will move to uptrend.
dabur india on upmove....bullish sentiment is on"HIGHER SIDE"ON WEEKLY CHART DABUR INDIA IS SHOWING A TREMENDOUS BULLISH SIDE WITH "W" chart formation,i have indiacted my view/personal opinion that is stock will boom up to the level as indicated by me on chart with optimal risk and reward ration.
DABUR INDIA : Possible reversal from a strong support ZoneDABUR INDIA on the Weekly appears to have a Doji at a strong support zone. If the price sustains above the HIGH of this Doji then, reversal is possible.
It certainly worth confirming this reversal and then enjoy the LONG ride!
Dabur India is heading towards bullish breakoutDabur is about to break downward trend line on daily candle chart, above 404 will be bullish break out and should be buy with SL of 399.
Target 1 444
Target 2 470.
Target 3 491
Long Dabur with a strict SL of 438.9Buy Dabur between 442-446 for a target of 455, 459 with a S.L for 438.9 intraday. One needs to avoid taking the trade if the target is achieved at the opening itself.
Disclaimer :
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
EMAMI LTD (EMAMILTD) - Double Top Firmly In Place - 12/23/2016A general tide has lifted all the boats and now when it's ebbing, to borrow Mr. Warren Buffet's phrase - we will soon find out who is swimming naked. Many stocks have gone from ridiculous to insane levels and they are bound to come crashing down.
Emami Limited's first test will be at 900. That support may not hold during the thick of the things and we are more inclined to grab a little near 800 support level rather. Also please keep in mind that, even 800 level is most probably going to be the short term trade unless something changes. Below that, the stock has open area until 500. That's too far but we need to have our game plan ready because stocks take years to rise and they fall within days to undone all the work.
Another such stock is DABUR, which we begin to short near 320 and that has been materialized as perfect top ! There is no magic in it, it's power of simple objective technical analysis ;)
