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DABUR (I) Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock is on bull run after bullish breakout around 198, close watch Dabur RSI indicator entered in overbought zone. (Updated On 19th August 2014, Tuesday).

DABUR INDIA

As per previous report published on DABUR (I) stock gave a bullish breakout after closing above 198, and still now stock is on bull run and so far made a high of 223.50. (Click here to see previous report published on DABUR (I) ).
Now daily chart indicates stock is still on bull run after making a bullish breakout and so far no sign of weakness as shown above in graph no1.
As per graph no 2 . RSI indicators shows that stock has now entered in over bought zone and RSI has now moved above 70 levels, its a sign of caution for bulls, as stock may correct.

Suggested Reading - ADITYA BIRLA NUVO moving up from strong support, further strength expecting once stock closes above previous top.

As per graph no 3. Dabur will next nearest strong resistance around 230, close watch if moves up further then bulls will get strong fight from bears around 261.8% fibonacci retracement.
Click here to see all the free trading reports (tips) published by us on DABUR (I).
Stock tips for tomorrow.

1 comment:

Sadhana s27 August 2020 at 18:26
Very interesting,good job and thanks for sharing such a good blog. You’re doing a great job.Keep it up
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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

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