Potential Swing Long: Dabur

7 956

  • Dabur is near a major support zone, it has respected this level from 2020.
  • Waiting for a dead cat bounce from the support level.
  • Once the downtrend line is broken and price gives a positive close above it we can initiate a long i.e 515 level.
  • Early Entry can be initiated with a strict SL, if a bear traps occurs below accumulation phase we can increase quantity.


Note: This is just for analysis purpose, please do your own research before punching any orders.

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Trade attivo
Nota
Also find the sector analysis link for FMCG:
Potential Long Sector Turnaround - Nifty FMCG
Trade chiuso: obiettivo raggiunto
Dabur Formed a double bottom structure, Its getting prepared for the next move
Nota
Exactly hit the T1 and reversed, its giving another chance to re-enter, adding on few quantity and hold tight for few days 😎

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