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
Avenue Supermarts Limited : DMart, is an Indian chain of Hypermarkets in India ( NSE:DMART ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the...
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.
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.
THERE IS A DOUBLE BOTTOM BEING FORMED AND THE NECKLINE IS BROKE
THERE IS RESISTANCE AT 2160
AND THE BEARISH TREND EXPIRED AND BULLISH TREND HAS BEGAN.
(ALL THE ORDER TYPE I CHOOSE IS CNC)
NEW SWING TRADER :)
ENTRY :- BETWEEN 1697-1728
SL :- 1551
TARGET :- 2100
Earlier dmart price has retraced twice from levels of 1697-1728 as shown in the figure
It can be a good retracement trade !!
Follow Entry,SL & Target Properly !!
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.