Dmart (Avenue Supermart) has formed an inverted H&S pattern (Bullish Pattern) on Daily Time frame.
As the stock is supposed to announce result, good result can take it to 3300 levels again while a bad result can lead it to Support level 1 and then to support 2 (Buyer are active in this range)
All levels are mentioned on the chart.
Just wait for clear breakout / breakdown either side on at least hourly timeframe to take the position.
DISC: For educational purposes only.
As the stock is supposed to announce result, good result can take it to 3300 levels again while a bad result can lead it to Support level 1 and then to support 2 (Buyer are active in this range)
All levels are mentioned on the chart.
Just wait for clear breakout / breakdown either side on at least hourly timeframe to take the position.
DISC: For educational purposes only.
Comment:
Target 1 reached and now trailing applied to cost after booking 50% here.
