raj_rishav

DMART - Gap fill

Short
NSE:DMART   AVENUE SUPERMARTS

Strategy 1: Short below 1980 (sustained below on the 15 min chart) for T1: 1955, T2: 1900 with SL at 2020

Strategy 2: Short below 1955 (sustained on the 5min chart) for 1900 with SL at 1980

(For choice of trade entry levels - check the hourly chart)

Long term Investing Idea - The stock is at a attractive price point around the 1900s. Expected to rebound up pretty quick after the gap fills. I would go long on August 2000CE, in the 1800-1900 zone on signs of reversal
Trade active: Sell triggered at 1975
Trade closed: stop reached
Comment: ill do strategy 2 only now having suffered SL at strategy 1
Comment: I am still on for the idea - Looks like wave 1234 are done - 5th wave will fill the gap. Keeping it on watchlist

Comments

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