DMart: Oversold and in Accumulation Zone
Topic Statement: DMart stock has been beaten down, becoming very oversold, with heavy support at 3500 offering a prime accumulation opportunity.
Key Points:
1. The stock price is trading below the 180-day moving average, making it extremely oversold.
2. The 3500 level acts as a strong support within the accumulation zone.
3. The stock can be accumulated now and sold near 4800, which is the distribution zone and a key resistance around 5000.
Key Points:
1. The stock price is trading below the 180-day moving average, making it extremely oversold.
2. The 3500 level acts as a strong support within the accumulation zone.
3. The stock can be accumulated now and sold near 4800, which is the distribution zone and a key resistance around 5000.
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