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DMART

DMART - Is 20% upside from current levels probable?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 Trades Value Rs.9000Cr. Selling Trades Value under Rs.1500Cr. (Less investors are selling at current prices.) PA operating above 3 months range. Observation Usually when a stock's data shows such information most of which is positive, then it is very likely to be heading up. My set up shows it can attempt 5600 level which would be 20% from current level. While I am documenting this information for my own personal reference and study, I am indeed taking a position in this stock based on the above reasoning. TradingView strongly recommends that you do your own research when it comes to investing. That is my advice too because you and you alone are responsible for your actions in the Market and in life. I would be happy to hear any views on this stock or any other and you can feel free to reach me. All the best PriceCatch
NSE:DMARTLong
by PriceCatch
Avenue Supermarts Ltd - DMART - Positional TradeDate : 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, NSE:DMART has started the upward journey. • After making a new 52w high of 4,890 on 23-Apr-2024, it has taken support at 4,450 on 29-Apr-2024 and again started the upward journey on 30-Apr-2024. • RSI is trading at 65.32 and MACD is trading at 84.74 • Looking strong from here on. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
NSE:DMARTLong
by vikrant_252
DMART | Investment Pick📊 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 and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:DMARTLong
by Munish_Jain
DMART Expected to Bounce from 50 DMAAfter 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 Oct candle too. Stop Loss: SL should be below 3,600 Entry: Entries can be made at the open right away Target: 3,900+
NSE:DMARTLong
by ST_SNOOPY
DMART - Bullish Consolidation BreakoutNSE: DMART is closing with a bullish consolidation breakout candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:DMARTLong
by BrahmaBull31
triangle pattern breakout.Elliott Wave Analysis:- View 1:- swing trade, A triangle has formed in the 4th wave Correction wave and it seems to be ready to give an impulse breakout. if it so then the target will be Target 1:- 4800 T2:- 5150 T3:-6100 Stop loss:-3291 if the pattern had broken up and crossed the 4610 then the stop may be adjusted to 3485. View 2:- there may be an alternative view which the triangle may breakout in bottom and it may also go till 2500-2900. we can average at bottom. if long term investor can also think of choosing second view else only 1st view is advisable. i'm not a SEBI advisor. kindly consider your own analysis before taking the trade or consult your own financial advisor.
NSE:DMART
by n0m0ret0ss
whether the correction over in damrt?the correction taken has over to certain level. the script may start a rise from the CMP (or) the script may give a deep correction and then it may strat to raise. recent quarter has shown a good results. there are 2 possibility in impulse and one in corrective way nature. as of now we can go for the buy at CMP and we can average if the price come down. Disclaimer. im not a SEBI registered advisor. this trade setup is my idea and it is not a call or tips. before taking your trade kindly consult your investment advisor.
NSE:DMART
by n0m0ret0ss