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DMART

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
D-MART (Avenue Supermart) AnalysisD-MART is Coming near to supportive trendline level (3400-3320). it is looking good near to the support line, As 1 Day RSI Level (27) also showing it is in oversold zone. Considering it for short term move with upside potential of 10-12%. Target 1 : 3850 Target 2 : 4000 Disclaimer : The Above shared Content is for information and education purposes only and should not be treated as investment or trading advice. Im not SEBI registered, Contact your financial advisor before any investment.
NSE:DMARTLong
by Prajyot_Yadav_777
3
Long-Term Investing in Supermarket GiantNSE:DMART Avenue Supermarket, better known as Dmart, is a household name in India and one of the largest retail store chains in the country. With the biggest land area in terms of retail store chains, Dmart has become a go-to destination for consumers across India. In this blog, we will analyse Dmart's stock and make a case for going long in the company. Strong Fundamentals Dmart's financials have been strong over the years, with the company's revenue line increasing year on year. The company has consistently generated healthy profits, thanks to its efficient supply chain management and a strong focus on cost control. This has resulted in a healthy return on equity (ROE) and return on assets (ROA) for the company. Moreover, Dmart's debt-to-equity ratio is low, indicating a conservative approach to borrowing. Crucial Support Levels From a technical analysis perspective, Dmart's stock is currently trading at a crucial support level on a daily as well as weekly time frame. The stock has been in an uptrend since 2018, with intermittent corrections along the way. The current support level is significant as it has not been tested in a long time. This suggests that there is a strong possibility of the stock bouncing back from this level. Moreover, Dmart's stock has been showing bullish signs on multiple technical indicators. The stock's Relative Strength Index (RSI) is currently oversold, indicating that the stock is due for a reversal. The Moving Average Convergence Divergence (MACD) indicator is also showing bullish momentum, with the MACD line crossing above the signal line. Favourite Household Name Dmart's strong brand recognition and market position make it a favourite household name in India. With a reputation for quality, low prices, and a wide range of products, Dmart has created a loyal customer base. The company has also been expanding its product offerings, with a focus on private label brands. This has helped Dmart differentiate itself from its competitors and has contributed to its strong financials. Overall, Dmart is a strong buy for long-term investors looking for exposure to India's growing retail market. Its strong fundamentals and technical outlook make it an attractive investment opportunity. With the stock currently at a crucial support level and showing bullish signals on multiple indicators, now could be an ideal time to go long on Dmart's stock.
NSE:DMARTLong
by ujjwal_18
2