Dabur good to buy for short positionDabur now trading at support level and making W patter. Good to go long above 526
Resistance:
R1: 530.46 R2: 532.03 R3: 533.59 R4: 535.15
Support:
S1: 521.09 S2: 519.53 S3: 517.96 S4: 516.40
Disclaimer:
The views provided solely for information purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The information presented is for general information purposes only. Although every attempt has been made to assure accuracy, I assume no responsibility for errors or omissions
DABUR trade ideas
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)
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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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.