DMART day chart study.
Dmart bulls can exit their long positions completely as DMART has closed below 200 SMA after a major trendline breakdown.
Expecting it to move towards 1120-980 zone. We will take a decision to buy DMART depending on it price action in coming days.
Based on my PredictiveSystem's signals, tomorrow (06-Apr) its going to be a GREEN candle for NSE:DMART
Buy above: 1406
Stop loss: 1394.1
Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research...
DMART has been trying to reach the recent lifetime highs it made in October. Making a nice roundbottom in last two month, Facing resisitace as it enter the high levels.As the cup is almost complete awaiting a breakout or a reversal handle.
The face is creepy, but looking at it, u'd find yourself smiling :D
DMART just broke out of a long tight range up channel with huge leg up.
Currently making the textbook Flag.
It touched the lifetime high a few days ago.May retest those levles again 1218, if it breaks out.
Minor Correction has been see in Dmart , after it completed the ABCD Pattern( .50 - 2.00)- Refer markings
Currently is near its support, let see whether its gonna break it to correct more or make it to see new highs.