Trade ideas
Dabur India - Short term gain of around 14%Please refer chart for detailed explanation and Targets.
Fundamentals are strong so no need to worry even if price goes down.
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P.S: This is not an investment advice. This chart is meant for learning purposes only. This is my personal viewpoint so please Invest your capital at your own risk.
Dabur :- Rally is about to come ! Keep on track ! Fmcg bullish ! Dabur share breakout done & enter at pullback ( CMP ) Target on the chart ! SL candle low or 560 for safe ! Fmcg sector bullish & dabur India looking strong & all indicators are showing bullish sign ! There is no sign of bearish ! Go long ! It's also fundamentally strong ! Hold few months for quick 15 to 20 percent !!
DABUR INDIA DABUR INDIA - Momentum buildup
Watch how RSI is gaining momentum, while price is consolidating. Upon breakout, it can prove to be a good case of bullishness.
entry - 520 daily close
SL - 492
Target - 540 and above
DABUR is trading at a favourable PE. I would recommend to add in cash and keep as a medium term pick. 600 levels are easy here, within 4 months.
DABUR- DB pattern and consolidation , Opportunity for LONG.
Notice the DB Pattern with Price making Equal LOW.
Volume confirmation wth Bullish Green Candle is seen on 31st MAY>
Price is near to 23% FIB RES.
Likely to consolidate near 480 and 530 region
Best Buy neat 500-510.
Probability of consolidation is high.
Happy Trading and Happy Investing.
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