Avenue Supermarts is BULLISH on Monthly timeframe and has changed its price structure on Weekly timeframe which gives a strong conviction that it is going to test its ATH once again. There is a scope of accumulation if it is available at a discounted price between 4200 and 4300 . The idea will be invalid below 4000 . The targets are crystal clear according...
Avenue Supermarts Ltd venue Supermarts Limited (DMart) is a national supermarket chain, with a focus on value-retailing. We offer a wide range of products with a focus on the Foods, Non-Foods (FMCG) and General Merchandise & Apparel product categories. Fundamental : strong Market Cap₹ 2,79,659 Current Price ₹ 4,298 Stock P/E ...
Dmart has been consolidating in an ascending triangle pattern since it had tested its strong demand zone of 3200-3300. Stock managed to give a weekly closing above the resistance of 4200. It is a high risk, high growth stock, so trade accordingly. Valuation at current price is not good for investing. Stock can touch ATH if we see a bullish market again.
DMART is looking for long opportunity after forming descending channel on weekly timeframe & has formed reversal fill on daily timeframe. Expecting target to reach at 6000 for longterm.
Great setup for a great company traingle breakout with good risk and reward mentioned in chart #DMART #Triangle
Hello Traders, i have brought another analysis on a pattern breakout which called (Triangle Pattern Breakout and Pull back pattern). Well i have marked and written most of the things on chart, but still i am gonna to teach you here guy's about this pattern so if you see this next time, at least you guy's will be able to trade. So Let's start:- Q:- What Is the...
Elliott Wave Analysis:- View 1:- swing trade, A triangle has formed in the 4th wave Correction wave and it seems to be ready to give an impulse breakout. if it so then the target will be Target 1:- 4800 T2:- 5150 T3:-6100 Stop loss:-3291 if the pattern had broken up and crossed the 4610 then the stop may be adjusted to 3485. View 2:- there may be an...
the correction taken has over to certain level. the script may start a rise from the CMP (or) the script may give a deep correction and then it may strat to raise. recent quarter has shown a good results. there are 2 possibility in impulse and one in corrective way nature. as of now we can go for the buy at CMP and we can average if the price come down....
ABOUT COMPANY Avenue Supermarts is primarily engaged in the business of organized retail and operates supermarkets under the brand name of D-Mart. We have seen Neat & Clean Breakout of Downward Sloping Trendline in Avenue Supermarket(D-Mart). This is a huge breakout, this momentum can take this ticker towards All time high 5323 levels. Price and Action Showing a...
D-MART is Coming near to supportive trendline level (3400-3320). it is looking good near to the support line, As 1 Day RSI Level (27) also showing it is in oversold zone. Considering it for short term move with upside potential of 10-12%. Target 1 : 3850 Target 2 : 4000 Disclaimer : The Above shared Content is for information and education purposes only and...
Looks good to short below 3836. It has formed Bearish hammer on its Resistance.
After the long rangebound market Avenue supermarket can break it's level of 4531 Then the bullish move can be seen
NSE:DMART Stock -> Dmart TimeFrame -> Weekly Hello all! Dmart has been consolidating in a flag structure since October 2021, thus forming a flag and pole pattern. It finally broke out of it with good volumes last week. This makes for a good opportunity to go long. There are multiple reasons which strengthen my conviction on going long: 1) The stock has...
Observing all the other oscillators and indicators, it is clearly seen that the rsi shows the uptick also the very basics of technical analysis : the candle stick shows the bullish engulfing. So combining all the basic candle stick study, the oscillator study , the trend analysis, the price action and the sentiments it was a very good swing call. Personally...
DMART SETUP OF THE DAY Dmart today setup for my team Please provide feedback.
Please check my idea posted about DMART on 21st July. Both targets have been reached. 5% return in 14 days. :) Jul 21 DMART has been facing rejection from the 3400 level since the mid of June 2021. Despite these multiple rejections, the lows that it makes are gradually becoming higher. It took support at 3250 on 18.06.21, then again on 29.06.21, then it formed...