DABUR - Time to BounceThe 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, with a initial target of 475 and 490 levels.
DABUR trade ideas
Dabur Doji Formed 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 at 444 with ST 438.5We are doing Analysis of DABUR on 1 Hour Timeframe.
The projected target from the breakout is usually the vertical distance from the low to the upper .
Note: This is only for Educational Purpose this is not an Investment advice.
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Thankyou
Ankur Verma
Twitter : Ankurverma3838