NSE:DABUR
It's the 2nd touch down of the price action to the 200 EMA. Easy 12-15% gains from here within 4 months. Green rectangle is the perfect area to buy.
At the last touch down to 200 EMA we saw a 20% gains within 2 months.
*Not a financial advice.
My charts speaks louder than words.
I'm a chartist and I paint charts.
Hello traders,
Today we are going to look at NSE:DABUR stock. We have two sided opportunities in this stock. We can do short selling and take long position . Short selling means my suggested first entry is from 540.00 to 549.00. The second entry is 558.00 to 567.00.
Now if we want to take long entry we can buy this stock from 517.50 to 522.
Trade...
NSE:DABUR has retest its weekly 50% retracement, now my view is to take entry for the level of 552
My entry point is 524, target will be 552 (28 points)
Exit level is 516 (only 8 points)
Note: This is my personal analysis, only for learning.
Thanks.
NSE:DABUR
Observations:
1) On 1day time frame, we can see resistance channel.
If it gives breakout of this channel then we can see a good up move.
Also level 560 is immediate breakout level.
Please refer below chart : 1day time frame.
2) On 15min time frame, we can see short term support channel and long term resistance channel.
Please refer...
Dabur forming a double bottom pattern.
Good buying opportunity in this stock
It is good to buy calls for next month once it breaks the above resistance
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view. Please...
we are hitting the resistance again and now try to move higher
we need weekly close above this resistance for the long setup
we will wait for good bounce and big bullish candle and than enter in this trade. till than watch the movement
![DABUR: Simple Trade Setup | DABUR | 18-04-2022 [INTRADAY]](https://s3.tradingview.com/y/YFlkupe2_mid.png "Simple Trade Setup | DABUR | 18-04-2022 [INTRADAY]")
