Avenue supermarkets near resistance zone of 1915, close above 1916 will open for more upside. Targets Open.
The stock has bounced from its low of previous gap up bottom(low) of 1784 and bounced upto 1900 with good volumes on 17th Dec. The stock has turned bullish. Keep an eye on #Dmart above 1915 Targets open. Stoploss : 1700
DMART looks set for a recovery. We could observe a confirmed bullish Ascending triangle pattern. Target of the pattern comes in at 1480. However, the price was rejected by the trendline resistance at around 1420. Going forward, if the trendline is breached expect the stock to raise towards the pattern target.
(Disclaimer: Our charts and contents are just for the...
Sell Dmart with SL of 1516.8 and target of 1487/1475.
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DMART day chart study.
Dmart bulls can exit their long positions completely as DMART has closed below 200 SMA after a major trendline breakdown.
Expecting it to move towards 1120-980 zone. We will take a decision to buy DMART depending on it price action in coming days.
Based on my PredictiveSystem's signals, tomorrow (06-Apr) its going to be a GREEN candle for NSE:DMART
Buy above: 1406
Stop loss: 1394.1
Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research...