DABUR is ready for TRENDING For a long term it create a pattern, now its break that pattern. So we can expect trending as more possibility for downside. less for upside. Will enjoy the massive trend.
Downtrend 529 to 511 , 511 to 517, 517 to 519
OR
Uptrend 529 to 535, 535 to 529, 529 to 552 (and 576)
(Not trading recommendations, just education purpose)
DABUR trade ideas
Celebrate life: A classic chart pattern"This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experince.
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Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
Dabur view Dabur just closed above pre covid level in weekly chart. Next week is very important for Dabur. If Dabur close above 541 for two days , simple buy.
RSI also ready to trend line break out but wait for confirmation.
Else didn't sustain above 541, so it is still respecting channel pattern and it can fall.