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.
we are hitting the resistance again and now try to move higher we need weekly close above this resistance for the long setup we will wait for good bounce and big bullish candle and than enter in this trade. till than watch the movement
1. Symmetrical Triangle breakout on the daily charts 2. Volumes have gone up along with the price rise in the recent past 3. Stock price has surpassed the previous top resistance of 514.70 4. Long build up is seen in the October series, where OI has gone up more than 15% with price rise of 5.5% 5. ADX indicator crossed –DI line on the upside, indicating starting...
Company has a great potential to grow you just have to get an entry point and some patience and you will be definitely rewarded
Short Term Cash Buy DABUR @510.40-513.4 SL 501.7 TGT 531 MACD cross over + TK cross over => bullish sign
Date: 13 July 2020 Dabur (CMP 484.50) Ascending Triangle Pattern Breakout. Target 532 PCR=0.35. Max Call Option (4.13 lacs) at 500 strike price RSI=67 Increasing volumes. Price has sustained above its 200 DEMA in the last 10 trading sessions Target: T1- 495, T2- 513, T3- 532; SL- 460
THe Chart is firming up though the clear buy not arrived but defintely worth to watch for as well some trading as long as it stays above EMA5
NSE:DABUR had a breakout from bull flag as well as resistance zone. Buy on dips advised. Levels for reference shown.
The Stock has Broken the Descending Trendline. The Stock now started Ranging and wait for the Breakout
Dabur is showing signs of upside. .. multiple doji candle can be expected but stil good upside movement possible ... safe traders buy above 448.70 == volume tested support risky traders can buy above 445 == above volume tested resistance target of 454 -> 470 if touched 481 then complete reversal to uptrend can be seen !!
DABUR - How wonderfully Trend-line retest plays out
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,...
In Dabur Daily Doji has been formed with more than average volume present . if tomorrow it downtrend begins than can take short position depending upon trader mindset ( risk taker or averse ) . Dabur has too many level for support and resistance get in fast and get out faster ... big target may be difficult or may test the traders patience.
DABUR - BUY ON DIPS Currently overextended, immediate resistance at 470. Looks like it will consolidate for a while, to relax its overbought readings. Watch price action in the range of 460 to 440 for timing the entry. The said view will be negated below 430 levels.
Stock can be seen holding 438-440 support from last 6 trading sessions. Prices can be seen trading in a Broadening triangle pattern. Divergence in RSI can also be clearly seen.