DABUR AS ON 03.08.2021A GOOD CONFIRMATORY CALL FROM MACD,AND RSI CROSSING 60 !!
A CUP AND HANDLE WAS ALSO FORMED FEW DAYS BACK AND TODAY SHARE REACHED TO HIS TARGET AFTER CUP AND HANDLE!!
TARGET=4-5%
STOP LOSS= GO WITH TRAILING STOP LOSS
(ABOVE ANALYSIS IS ONLY FOR STUDY PURPOSE DO NOT TAKE IT AS ANY BUY OR SELL CALL)
DABUR trade ideas
Dabur broken the channel support and will be trending down.Dabur has broken the channel support and closed below. Now the immediate support is around 592 followed by 584 and finally 576. So for the coming days it will be in downtrend unless it closes above the W high 605.
Note: This is only for informational purpose and not for trading purpose.
NSE:DABUR
Dabur India limitedCup and Handle pattern in Dabur India limited.
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks. - "Investopedia"