DABUR trade ideas
DaburThe Stock has Broken the Descending Trendline. The Stock now started Ranging and wait for the Breakout
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 1 Day showing good consolidationDabur 1 Day showing good consolidation, It's going to breakout soon.
DABUR 455 -600 by 20th October ?very slim chance it comes to 447 but if it does load up .
On the 3 hr the 50 day is about to cross the 99 and 200 which would take us above 471 and all the moving averages hence we move pretty quick to 490 .
Wouldn't be surprised if this blasts off from the pennant of 72 days give or take a few.
safe to say 600 is coming within 6 months :)
the reason i'm so bullish is cause the last candle on the weekly is a thing of beauty with the long shadow below showing the bulls mean business and the 50 day giving support to current price.
shall do a LTF laters for possible intra day on breakout
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.
