Top 3 Reasons to Short this one, 1. Bearish AB=CD pattern completion 2. Elliott Waves, 5 impulse waves completed. 3. Bearish Divergence Risk Reward: 1-2
Price is raising up towards our region as expected and I will be going short here with my stops above the double top Not describing in detail bcos market is very near to our zone & we may miss trade chance. Happy trading
DABUR @ BUY @ 278 STOPLOSS 269 TARGET 290 20/5/2016 J
Dabur could go higher because of the ascending triangle formed on the charts. Even the 21 WMA is supporting it.
SELL AT 275 STOPLOSS : 287 TARGET : 250