DMART Stock came into notice after a strong bullish candle with above average volume.
The stock is taking support at 4112 multiple times which makes the level even more strong support.
A close above 4248-4250 level will give a confirmation on upside momentum on daily time frame which can push the stock towards 4346 which is next resistnce level.
The 50 day SMA is also evelving and the driection of the moving average is moving upwards. A more confidence can be seen in momentum when 21 day EMA (blue colour) and 9 day EMA (red colour) crosses above 50 day SMA.
Resistance :
1) 4248-4250
2) 4346
Support :
1) 4134
2) 3987
Discaimer & Disclosure : I am not a SEBI regitered reserch Analyst. This is purely for Educational purpose only.
The stock is taking support at 4112 multiple times which makes the level even more strong support.
A close above 4248-4250 level will give a confirmation on upside momentum on daily time frame which can push the stock towards 4346 which is next resistnce level.
The 50 day SMA is also evelving and the driection of the moving average is moving upwards. A more confidence can be seen in momentum when 21 day EMA (blue colour) and 9 day EMA (red colour) crosses above 50 day SMA.
Resistance :
1) 4248-4250
2) 4346
Support :
1) 4134
2) 3987
Discaimer & Disclosure : I am not a SEBI regitered reserch Analyst. This is purely for Educational purpose only.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.