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.
Before the technical analysis, Please do like comment and follow. In the hourly time, frame the Ascending triangle is forming. take entry after breaking the resistance of the triangle. wait for the target.
MACD Bearish, RSI Bearish Downfall Target 400, 370
Stock: Dabur Looking for Small Correction is there & I may turn to be a big one Cmp: 455.60 {Close} SL:461 Short Below: 453 Expecting : 449-438-432-422
be on the bullish side to be in safe refer chart for details
on 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.
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 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!
Dabur 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
Buy 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. Disclaimer : All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee...
A general tide has lifted all the boats and now when it's ebbing, to borrow Mr. Warren Buffet's phrase - we will soon find out who is swimming naked. Many stocks have gone from ridiculous to insane levels and they are bound to come crashing down. Emami Limited's first test will be at 900. That support may not hold during the thick of the things and we are more...