Daburtrend
Dabur - Bullish ViewDabur - Elliott Wave Count
The market has begun the bullish after the wolfewave with the target of 650 and above. its suggested to wait for correction to take long position for a good price. wave E should be the SL for the long trade.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:DABUR BSE:DABUR NSE:DABURZ2023
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".
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.
DABUR LONGDabur forming a double bottom pattern.
Good buying opportunity in this stock
It is good to buy calls for next month once it breaks the above resistance
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
Dabur view 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.