champtrade111

DABUR --Bullish --Weekly Chart

Long
NSE:DABUR   DABUR INDIA LTD
DABUR -- Weekly --Bullish Chart pattern setup

TECHNICAL OBSERVATIONS .

1. DABUR seen bullish on weekly chart as chart pattern is higher high Currently .

2. Trendline support and channel support seen , Double bottom made on same support level .

3. CCI divergence seen on chart

4 . Trend reversal doji candle form at channel lower level support .

5. One can initiate Buy at channel support level 530-535 for target 550-580-600 POSITIONAL ( 1-3 ) Month stop loss 475 hourly /daily closing basis
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** THI IDEA IS FOR EDUCATIONAL PURPOSE .. ** trade at own risk !

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