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.
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 ...
Head and shoulder pattern With rsi above 60 Stock is above all key Ema Potential bullish move. Plan of action - let it sustain above is resistance and plan @ entry 4950 after stock closes above resistance and retest Target - 5400 Sl- close below 4574 (50 Ema).
Avenue Supermart is showing a potential breakout on symmetrical triangle pattern. its sales also increasing QOQ and PBT as well. ( www.screener.in ) All data is available in public domain.. CMP : 4300 TG : 5600 SL : Below 21 day EMA Stock's selection based on 5 Point Analysis: 1: Idea : Breakout. 2: Support : Volume, Delivery & VWAP. 3: Technical :...
NSE:DMART cmp 4947 gave breakout in march at 4200 which was a good entry point. was range bound for last 3-4 months and after retesting the BO zone now heading towards 6000+++ The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and...
Very first base of Stage 2 -Making Inverted Head n Shoulder -Inside bars (Yellow Arrow), indicating consolidating in a range -YoY EPS growing, with overall stores count in India increasing
Hi Traders, This morning my screener filtered 'DMart' among few other stocks. When I looked at it on the weekly charts I found some key info that might be pointing that this stock will likely be heading up. 10 Weeks Volume Analysis Up volume is over 6 times down volume (more buying than selling) 8 weeks closing Green and only 2 weeks closing Red Buying...
Date : 8-May-2024 Rating : Buy - Positional Trade LTP : Rs. 4,806.75 Targets: (1) Rs. 5,180 --> (2) Rs. 5,900 --> (3) Rs. 7,577 SL : Rs. 4,450 on daily close basis Technical View: • NSE:DMART is in its primary uptrend and was going through it's secondary downtrend. • After breaking out from its 2.5 years long secondary down trend on 19-Mar-2024, ...
-Good Base forming. -Ema Shakeout (MAU&R) -Green Vol > Red Vol -Inverted Head n Shoulder in forming
DMART :- The stock has given a breakout after 2 years. Keep an eye on the stock. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the...
📊 Details Avenue Supermarts is primarily engaged in the business of organized retail and operates supermarkets under the brand name of D-Mart.(Source : 202003-01 Annual Report Page No:111) Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst. If you found this analysis helpful, I encourage you to like...
Dmart is in a beautiful structure with a recent breakout of an important resistance i.e. 4100. Stock has closed strong on weekly timeframe. One can wait for some retracement to make entries. SL has to be below 3,800. Do not miss this investment oportunity.
There is pole and flag pattern break in DMart, looks good for longs above 4340 with stoploss at around 3020 levels for the target of 5600 (there may be some resistance at around 4980 levels) then 6200. --This is for educational purpose only, do your own analysis before investing and do not put more than 5 to 10% of your capital in one stock.
DMART has formed triangle formation and it is ready to give BO now consider the bottom two line as support
INFIBEAM (1D TF) - Swing Trade Analysis given on 6th March, 2024 Pattern: SYMMETRICAL TRIANGLE BREAKOUT - Volume buildup at Resistance - Done ✓ - Resistance Breakout - Done ✓ - Demand Zone Retest & Consolidation - In Progress
dmart weekly breakout, keep it on your watchlist. The chances of breaking is quite high
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.
After a short term downtrend which was on back of little to no volume, DMART has shown some strength from lower levels and is ready for a bounce till previous swing. The overall market is also oversold and needs to stabilize a bit before moving again. DMART has formed a good candle with long tail and strong volume to back it up. The same thing happend after 3rd...