As on Daily time frame Dabur stock price is at support on an up trending channel with a higher low, we may see a stock price gain up to previous swing high as 1st Target.
So Trade execution will be as follows :- Long Entry (Positional Buy) @ or above ₹545 Stop Loss (in case of loss - Sell @ or just below ₹533 Target 1 : ₹575 Trailing Stop Loss : with 5 period simple moving average or at target if prices took residence at Target 1 Risk : Reward : 1:2.5
Disclaimer :- This post is just a educational study on trading idea & not a Trade Recommendation. Please do your own analysis and RESPECT STOP LOSS if you take Real Trade on this stock idea.
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#Dabur 1st Target Achieved. conservative traders may book profit or trail StopLoss with 5 period SMA ( simple moving average) colored blue in updated chart image link below or the new blue colored up trend line break down. next Target could be Target 2 = 582, Target 3 = 600
updated Chart image Link : tradingview.com/x/S1c6Qqap/