Dabur - Elliott Wave Count
The market has begun the bullish after the wolfewave with the target of 650 and above. its suggested to wait for correction to take long position for a good price. wave E should be the SL for the long trade.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:DABUR ...
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.
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.
