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Daburindia

Technical Analysis: Price Breakout and BeyondHello Friends, Welcome to RK_Chaarts, Let's try to analyze a stock from the FMCG sector, "Dabur India Limited". Elliott Wave perspective. We can see that the correction is completed, which is the IVth wave of the monthly time frame of cycle degree in Red. Now, possibly the impulse wave Vth had start unfolding. If we go inside that, we'll see its five sub-divisions in black, labeled ((1))-((2))-((3))-((4))-((5)) of primary degree. Possibly, wave ((1)) has started unfolding, and within wave ((1)), we'll see five sub-divisions in blue, which is the intermediate degree. Within this, waves (1) and (2) looks complete, and wave (3) has started, which has also broken out of the curve line. Invalidation level If our wave counts are correct, the bottom level of wave IV, which is 433, will be our main invalidation level. If the price goes below this level, it will trigger the invalidation level. If that happens, we'll need to re-analyze the chart from a wave count perspective. But if the price stays above this invalidation level, then our view, which is based on the analysis, will remain bullish, and the chart will remain bullish. Projected Target As per Elliott wave theory, it can show new ATH in Long Term, only if Invalidation level is not breached. Breakout with good Intensity of Volumes The breakout has a good intensity of volume. The volume in the breakout candle is looking very good, which is 3-4 times higher than the average. This means that market participation is very good during this breakout. So, Conviction is high on this breakout. We can clearly see that the price has closed above the 50 Exponential Moving Average (EMA), 100 EMA, and 200 EMA, which is a very good sign that the price has overcome all these hurdles along with Breakout. Now, if there are any hurdles above, they could be the 200 EMA on the weekly time frame, which is coming near the level of 529, and the 50 EMA on the monthly time frame, which is coming near the price of 527. Currently, the price is trading around 513. Once it crosses 529 or 530, it may show even more strength after that. Dow Theory Trend confirmation Based on Dow Theory, if we observe, the price which was falling and making lower highs and lower lows, has now started forming a Higher High and Higher Low pattern on the daily time frame, which is again a sign of bullishness. Standard Deviation crossed Price is trading above the mid-Bollinger Band on the weekly time frame, i.e., in the bullish territory. On the daily time frame, Prince has also crossed the upper Bollinger Band, meaning it has broken out and is expanding above the upper Bollinger Band, which is a bullish sign Supporting Indicators On the daily time frame, a very good breakout is visible inside RSI, and is also moving above 72. Additionally, on both the daily and weekly time frames, the MACD has given a positive crossover. Before making any trading decisions, please conduct your own analysis or consult with a technical expert or financial consultant. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com/u/RK_Chaarts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:DABURLong
by RK_Chaarts
Dabur india Upside Breakout: If the stock breaks out above the trendline, a bullish move may be expected. Downside Breakdown: If the stock gets rejected and falls, it may move downward further. If you find this helpful and want more FREE forecasts in TradingView, Hit the 'BOOST' button Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only
NSE:DABUR
by milanpatel007
DABUR : Going Long for about 1.25% of the net capitalTook this position for about 1.25% of the net capital. Will consider adding on to the position if price crashes to the lower trendline of the shorter time-frame descending channel. As of now, targeting the high of the HTF channel for a move of about 35% from the entry level. 📢📢📢 If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly. Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments. Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too. Disclaimer : The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It’s essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It’s important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
NSE:DABURLong
by Sniper-Traders
2
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