A bearish traingle pattern is noted on daily charts. Nice short set up with closing SL at 440 and target of 390.
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...
The 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,
Mentioned lines will act as support or resistance according to open price of stocl
Entry done with reversal. Play for Targets with strict 350 SL
DABUR FORMED FLAG PATTERN support at 423,if breaks
Long held support proved to be a solid base and price flared up. This sharp price move in a straight line is a Flag Pole and it is quite possible that a Flag is going to be formed. Keep a close watch on this counter. FMCG is in good shape.
First target of Dabur is achieved. One may like to book profit. It is important to have the profit in the pocket and not on the screen.
Buy at 373-375. SL 369. Target 1 381, Target 2 395. Rationale: FMCG, Growth stock, Good Monsoon.