Positional or Longterm Opportunity in Dmart
Updated
Go Long @ 3750.1 for Targets of 4414.3 and 4746.4 with SL 3584.05
Reasons to go Long :
1. On a Weekly timeframe the stock gave Trendline breakout.
2. Also a bullish chart pattern Double Bottom (W pattern) is formed around the support zone marked with purple color.
3. In addition to this, the stock took support from the demand zone where it initially was facing resistance.
Reasons to go Long :
1. On a Weekly timeframe the stock gave Trendline breakout.
2. Also a bullish chart pattern Double Bottom (W pattern) is formed around the support zone marked with purple color.
3. In addition to this, the stock took support from the demand zone where it initially was facing resistance.
Trade closed: stop reached
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