Was going through this DMART chart and luckily enough got to analyse two bullish patterns in a single chart:- 1. Inverted Head and Shoulder 2. Rounded Bottom If you look at the Inverted Head and Shoulder pattern it hit its target on the upside equal to the depth of the Head and then gave a break out completing the Rounding Bottom Pattern.
DMAT (Avenue Supermarts) is ready for big movement. Let's have a look at the weekly chart where in you can see that the stock is standing at 3317 levels and sustain above 3300 levels we can see the stock ride towards 4000+ levels in the coming 3-4 months time frame. The stock can be brought with the stop loss price at 2972 on closing basis. The contents presented...
Dmart (Avenue Supermart) has formed an inverted H&S pattern (Bullish Pattern) on Daily Time frame. As the stock is supposed to announce result, good result can take it to 3300 levels again while a bad result can lead it to Support level 1 and then to support 2 (Buyer are active in this range) All levels are mentioned on the chart. Just wait for clear breakout...
Buy Dmart near 2960 to 2980 levels Stoploss 2820 Target 3190 Study: Inverse Head & Shoulder Pattern Breakout and Retest
DMART on 18 May gave a strong close after a RANGE BREAKOUT. Fundamentally strong company is giving a technical indication to buy. So let's just do it. Note: Avoid the stock if a big gap up or gap down is seen Enter after the breakout happens and not before it Do not chase the market, i.e., do not get involved in late entries Only enter with strict...
Post consoidation in 15 min chart, the scrip has broken out. Might see higher levels
Accumulation is about to end. Go long at CMP 2900 Target 3480
Keep the levels on check for tomorrow. May break the trendline and move upside.
3228 RESISTANCE LEVEL. 2735 STOP LOSS based on SUPPORT LINE. 2800 STOP LOSS based on 200EMA LINE. . TECHNICALLY its BULLISH view because of trading above 200EMS on 4Hrs timeframe. Since 19th OCT 2020. FUNDAMENTALLY not recommended for Long term holding because now P/E ratio is 193.30 below (24 P/E) safe. So it's a highly expensive stock for long-term investors.
Dmart chart is looking good, it is trying to break ATH for 5th time. It might breakout this time before next result season.
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...
analysis mentioned on the chart.
Education only No Buy/Sell Suggestion given. No T Zone 2350-2430 Red Line Supports B Above Yellow lines
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.