DABUR - SWING TRADE ON BUY SIDE

8 Nis

Symbol - DABUR

Dabur is currently trading near support zone of 500 - 510.

DABUR CMP - 506

I am initiating long positions in April Futures.

My SL would be 498 & Targets would be 525 & 540

It may move slow but it should move up from here.





Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!

12 Nis

İşlem aktif

CMP 502.70

Consolidated enough. I think now it's ready for upmove.
I have also added 520 CE at 2.65 as RR is looking very favorable here.
SL is 1.80 & I'm expecting it to get 2x-3x easily from here.

15 Nis

İşlem aktif

CMP 491

Although my SL level 498 is reached but I am not exiting my long position. My buy setup is still active in Dabur.
I'm adding more position (both Future & 520 CE) here & holding with SL below today's day low i.e. 487
I think today's selling is just because of war news flow. Global & local markets are at support levels & should recover from current levels.

FUT Avg price now is 498.50
520 CE Avg price now is 2.03

16 Nis

İşlem aktif

CMP 504.50
Started moving.

Both future & CE position in profit now. Holding with 490 SL now.

17 Nis

İşlem aktif

CMP 504

Made bullish engulfing candle & kind of morning star pattern on daily TF.
It should move up now & must touch 515 - 520 soon.

18 Nis

İşlem aktif

CMP 507

Holding with CTC SL 498 now.

19 Nis

İşlem elle kapatılmış

CMP 499

CTC SL reached. Trade closed at cost.
520 CE closed at CMP 0.95
My buying was 2.03 so closed in 1.10 rupees loss.

22 May

İşlem kapandı: hedefe ulaştı

All targets hit.
Forgot to update here so updating today.