DABUR trade ideas
R-0224 Dabur break out GO LONG CMP 515 TGT 544/571 SL 4881. Symmetrical Triangle breakout on the daily charts
2. Volumes have gone up along with the price rise in the recent past
3. Stock price has surpassed the previous top resistance of 514.70
4. Long build up is seen in the October series, where OI has gone up more than 15% with price rise of 5.5%
5. ADX indicator crossed –DI line on the upside, indicating starting of a bullish momentum, RSI and MACD are also
showing strength in the current uptrend
6. Considering the technical evidences discussed above, we recommend buying the Dabur October Future at 515-516
and average at 497, for the upside targets of 544 and 571, keeping a stoploss at 488.
Dabur - 4th Re-test of All Time High regionThanks for coming to this update.
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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
LOOK WHAT I FOUND IN DABUR.Company has a great potential to grow you just have to get an entry point and some patience and you will be definitely rewarded
Short Term TargetsBuy Dabur around 503 to 506
Targets 511/514
Stop Loss 500
#NSE call
*Disclaimer : I just shared my view. Please trade with your own and comfortable views.
DABUR (CHART OF THE WEEK.)Dabur has been forming a beautiful triangle and for me it is the chart of the week. Even though others have made some beautiful patterns, Dabur for some reason i like more than others.
A breach might not come soon (And i can be dead wrong) but it is surely worth tracking.
A breach on either side of the triangle should give some good price action.
DABUR Long(Intraday) (1 hour candles)The stock is in good upward momentum and crossed 500.
It was seen consolidating at the imp psychological level of 500 for 2 days and formed a horizontal consolidation area right there.
Today it was seen breaking out of the consolidation and hence can be expected to go and test previous high of 520.
ENTRY - 503-505
SL- 499
TARGET - 520
RISK:REWARD - 1:3
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.
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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
Low risk entry Forming inside bar at trend line and key moving averages
Buy above 491
SL 460
Target 525 and if close above that, fresh breakout
Dabur India Ltd. - WEEKLY CHART VIEW!!#DABUR
Dabur India Ltd.
Short term negativity intact after broken down 5 MA: 500.
Technically short term momentum clearly weak, lower side below 480 may increase negative momentum further.
Sustainable trading above 505 may try to test 520- 525 -530 on the upside.
DABUR -- INTRADAY TRADING SETUP FOR 26 AUG 2020 1 THIS IS FOR ONIY EDUCATION
2 WHEN TREND LINE BREAK TAKE ENTRY
T1 495.5 T2 498.5 T3 503.5
SL 485.5
