D-MART
Triangle Pattern Breakout and Pull back pattern Seen in DMARTHello 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 Triangle Continuation Pattern?
Rahul:- The Triangle is a continuation pattern using the concepts of support and resistance and price breakouts. Generally, when prices make significant moves, they go through a period of resting. Usually with a Triangle pattern, the price consolidation period consists of higher lows and lower lows, forming the shape of a “triangle”.
Q:- What Does the Triangle Continuation Pattern Look Like?
Rahul:- Guy's check above the Nifty chart, i have rectified Triangle pattern.
Q:-How to Interpret the Triangle Continuation Pattern?
Rahul:- When the support and resistance lines begin converging, price can burst out of the consolidation area and it is expected that the price action will continue trending in the direction that prices have been moving previously.
Q:- Is Triangle Continuation Breakout Pattern is a Buy Signal?
Rahul:- Yes it gives signal to buy when the resistance line is penetrated to the upside. The signal is generally expected to be stronger if prices have been in an uptrend prior to the upside breakout.
I hope guy's you have learned now about this Bullish Triangle pattern.
Let's Focus on about company:-
Avenue Supermarts is primarily engaged in the business of organized retail and operates supermarkets under the brand name of D-Mart.
Market Cap
₹ 2,46,882 Cr.
Current Price
₹ 3,796
High / Low
₹ 4,602 / 3,292
Stock P/E
103
Book Value
₹ 248
Dividend Yield
0.00 %
ROCE
20.1 %
ROE
16.0 %
Face Value
₹ 10.0
Debt
₹ 643 Cr.
EPS
₹ 36.9
PEG Ratio
4.21
Promoter holding
74.6 %
Intrinsic Value
₹ 958
Pledged percentage
0.00 %
EVEBITDA
64.7
PROS
Company is almost debt free.
Company has delivered good profit growth of 24.5% CAGR over last 5 years
Company's median sales growth is 33.1% of last 10 years
CONS
Stock is trading at 15.3 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 12.6% over last 3 years.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Thankyou.
Downward Sloping Trendline Breakout Seen in Avenue SupermarketABOUT 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 bullish momentum in it. Volume increment also higher from previous week.
According to this breakout price should move in upward direction very fast. As previously we have seen a gap down, so this breakout has filled that gap up also. All that indicating a price reversal in D-Mart.
All levels i have marked on chart, like entry, target, stop loss, all support, breakout levels etc.
If you guy's like my work then don't forget to hit like and follow me and comment your thoughts on this idea.
Thankyou.
Disclaimer:- This is one of my best stock which i am holding from down levels, and still going to add more here as this is showing clearly price reversal. This is not a recommendation, You guy's do your own research or consult with your financial advisor before taking any position in it.