NSE:DMART   AVENUE SUPERMARTS
Dmart - Cmp 2802

Can long at cmp with sl 2600 on closing basis.

Reason:
1. Morning star candle forming at the base of the downtrend near support area .
2. Positive divergence.
Comment: Dmart - Made high of 2953 and closed at 2936. Can expect some resistance at 2948. Once closed above 2948, following targets will be 3000/3130/3220/3300.
Comment: Dmart - Moving again after some consolidation. Made high of 3080 today. Continue holding for other targets.
Comment: 2nd target achieved as well. Can hold with trailing stop loss.
Comment: So Dmart has made a high of 3200, very close to our 3rd target. Can continue holding with trailing sl around 3130.
Trade closed: target reached: Dmart made a high of 3394 today and also a new all time high. All targets done here. Can continue holding with 3200 as trailing stop loss or book as per your capacity.
Comment: Approximately 21% gains in 50days.
Comment: Wow 3899 here.