This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn...
HOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...
DMART TAKING SUPPORT ON TRENDLINE MIGHT BE BULLISH OR CONSOLIDATE ON MONDAY.
THIS IS JUST FOR EDUCATIONAL PURPOSE.
IF ANY SUGGESTIONS PLEASE LET ME KNOW IN THE COMMENT BOX.
Follow these rules before buying :
1. The pattern break candle has good volume.
2. It retraces a little bit for last kiss.
3. Buy on the second green candle.
The RR is of 5:1
Do follow for more such analysis
DMART (Avenue Supermarts) is trading near the 15 month trend line. If it takes support at this level, a up move is implied, if not it may go the lower levels.
Cheers! Feel free to share your view about this.
Happy Trading.
As mentioned in the chart DMART approaching a very important levels. 2180-2200 levels will be crucial for DMART.
If this opens below the level and fails to brk then one can look for shorting opportunities.
If this level is broken tomorrow and sustained then one can initiate long position both on intraday and positional basis.
Strategy 1: Short below 1980 (sustained below on the 15 min chart) for T1: 1955, T2: 1900 with SL at 2020
Strategy 2: Short below 1955 (sustained on the 5min chart) for 1900 with SL at 1980
(For choice of trade entry levels - check the hourly chart)
Long term Investing Idea - The stock is at a attractive price point around the 1900s. Expected to rebound up...
DMART has reached its support line and also RSI is showing in Oversold section. It might bounce from here to see 2375 levels in near term.
This is my personal view and its always advisable to take suggestion from Financial advisor before taking any trades.
