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 ...
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...
My positionally upside idea on NSE:DABUR . It will be best to take entry at the level of 544 with Stop Loss of 525 (19 points).
My expected target will be 553, 563 & 585.
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...
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.
The 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,...
![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]")
