DABUR trade ideas
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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Simple Trade Setup | DABUR | 18-04-2022 [INTRADAY]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 below chart : 15min time frame.
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Trade Setup for 18-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
DABURNSE:DABUR
please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
DABURNSE:DABUR
please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action