Dabur ready for a uptrend!๐คฉ๐ธ๐ฅ
Both TECHNICALLY and FUNDAMENTALLY strong stock.๐ช๐ช
The company recently posted the best Quarterly result and will very likely post a similar result in Q3 too.
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The stock has a history of taking support precisely from the 200 EMA. This time too, it is trading near 200 EMA which is also a major support zone. Now, with the breakout of the retracement trendline and the W Reversal pattern, the retracement seems to come to an end & we can expect a strong rally from this level.
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๐technofunda_traderโ
Few Important rules from my Trading Philosophy:โ
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
โ 5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
.
LIKE, COMMENT & SHARE ๐๐๐
The company recently posted the best Quarterly result and will very likely post a similar result in Q3 too.
.
The stock has a history of taking support precisely from the 200 EMA. This time too, it is trading near 200 EMA which is also a major support zone. Now, with the breakout of the retracement trendline and the W Reversal pattern, the retracement seems to come to an end & we can expect a strong rally from this level.
.
๐technofunda_traderโ
Few Important rules from my Trading Philosophy:โ
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
โ 5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
.
LIKE, COMMENT & SHARE ๐๐๐
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