Dabur near ResistanceDabur Seems to be near Resistance after forming inverted Head and Shoulder. Let's watch if it breaks it.
If breaks, good points can be earned.
Trade ideas
Dabur is a sell below 390 and Buy above 405 The chart shows strength on daily and weekly chart. With hourly and minute the chart appears weak.
The only thing thatgives confidence is that 22 EMA has breached the 50 day SMA and till 390 level is sustained no need to panic.
If breaks 390 we may see 365 level.
Dabur at buying zone-positionalTrade with positive signal. buying zone with
Stop loss- 355
target- 400-417
dabur india expecting an uptrend move(building bullish sentimenton weekly chart it is clear cut uptrend sentiment building with building a bullish chart pattern "W". The Fibonacci level support exactly matches and confirms the trend will move to uptrend.
dabur india on upmove....bullish sentiment is on"HIGHER SIDE"ON WEEKLY CHART DABUR INDIA IS SHOWING A TREMENDOUS BULLISH SIDE WITH "W" chart formation,i have indiacted my view/personal opinion that is stock will boom up to the level as indicated by me on chart with optimal risk and reward ration.
Dabur Short(1) Price is not able to break the 200 EMA
(2) The price has touched the 50% Fib retracement and was not able to break it for 3 trading days
(3) RSI is in downward mode.
(4) Go short at 396-395 and target 385
Timeline: Daily
Trade: Delivery
DABUR INDIA : Possible reversal from a strong support ZoneDABUR INDIA on the Weekly appears to have a Doji at a strong support zone. If the price sustains above the HIGH of this Doji then, reversal is possible.
It certainly worth confirming this reversal and then enjoy the LONG ride!
Buy: 1 week trade in Dabur...One 3% to 6% up move buy trade possible in Dabur, after closing Above 411...
Target:1 425
Target:2 435
Stop loss: 399 (closing)
Dabur India is heading towards bullish breakoutDabur is about to break downward trend line on daily candle chart, above 404 will be bullish break out and should be buy with SL of 399.
Target 1 444
Target 2 470.
Target 3 491
DABURBuy on the pullback.
If you know Monk strategy then simply apply it on the chart and you will get your ideal buy zone.
All the best
Dabur : Short Set upA bearish traingle pattern is noted on daily charts. Nice short set up with closing SL at 440 and target of 390.
Long Dabur with a strict SL of 438.9Buy Dabur between 442-446 for a target of 455, 459 with a S.L for 438.9 intraday. One needs to avoid taking the trade if the target is achieved at the opening itself.
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Dabur clear trade setup for ShortThe stock is trading below Fibonacci support level of 423 and is currently weak we may see support coming at 401 levels
Dabur
Sell below 420
SL 432 Target 401
Risk Reward 3:5
Thanks,
