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Daburindia

Dabur India Ltd (NSE: DABUR) ForecastBased on the weekly chart for Dabur India Ltd (NSE: DABUR), here is the summary: Key Levels: - Resistance Level: Around 630-640 - Support Levels: Around 500 and 420 Current Price: - Current Price: 555.45 Chart Analysis: 1. Failed Breakout: The chart indicates a recent breakout attempt above the resistance trendline, which has failed. The stock is now trading below this level. 2. Symmetrical Triangle: The stock appears to be forming a symmetrical triangle, indicating a period of consolidation before a potential breakout or breakdown. 3. Potential Sell Signal: Given the failed breakout and the current position below the resistance, there is a possibility of a downward move, especially if the stock breaks the support level around 502. Targets: - Buy Target: - Target Price (TP) for Buy: 635 - Sell Targets: - Short-Term Target: If the stock breaks below 502, it may head towards the support around 418. - Long-Term Target (TP): 415 Strategy: - Wait for Weekly Close: It is essential to wait for a weekly close to confirm the direction. A close above the resistance trendline would indicate a potential upward move, whereas a close below the support level around 502 would indicate a potential downward move. - Buy Position: Consider buying if the stock closes above the resistance trendline with strong volume and momentum, aiming for a target of 635. - Sell Position: Consider selling if the stock breaks below the support level around 502, with a target of 415. Conclusion: - The stock is currently in a critical zone with a failed breakout above the resistance trendline. Monitoring the price action around the key support and resistance levels is crucial. A clear breakout above the resistance would indicate a potential upward move towards 635, while a breakdown below the support could lead to a decline towards 415. Patience and confirmation are key before making trading decisions.
NSE:DABURShort
by The90sTraderOfficial
DABUR INDIA LTD 15mins both long and short entriesHello traders, Today we are going to look at NSE:DABUR stock. We have two sided opportunities in this stock. We can do short selling and take long position . Short selling means my suggested first entry is from 540.00 to 549.00. The second entry is 558.00 to 567.00. Now if we want to take long entry we can buy this stock from 517.50 to 522. Trade according to your risk management Thanks & Regards, Alpha Trading Station Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
NSE:DABURLong
by AlphaTradingStation
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. ------------------------------------- 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.
NSE:DABUR
by Trading_hawk