DMART trying to breakoutAs shown in chart, DMART is trying to breaking out of Support zone as well as moving above trend-line after some consolidation.
DMART
Dmart Longif close above 3950 it will be a good breakout
Dmart Long (21 July)
RSI- 64
Buy on close above- 3950
SL- 3880
Target- Open
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Dmart long opportunityNSE:DMART
Stock -> Dmart
TimeFrame -> Weekly
Hello all!
Dmart has been consolidating in a flag structure since October 2021, thus forming a flag and pole pattern. It finally broke out of it with good volumes last week. This makes for a good opportunity to go long.
There are multiple reasons which strengthen my conviction on going long:
1) The stock has bounced back from 3200 levels which is a good support.
2) The weekly closing is above 50 EMA.
3) The breakout has happened with good volumes.
Risk-averse traders can wait for the stock to sustain above 4000 on a daily timeFrame for going long, although accumulation in small quantities can be done.
*NOT A CALL*
Dmartstock following trend line ressistance again and again.
macd show reversal and rsi already going down.
wait for horizontal support.
DmartWait for reversal either upside or down side. On trendline support is best value in price to buy.
Dmart Ready for the Bear If Breaks Then The Targets can be Taken at 3339 and 3187 .
Time Frame :- 1 Hour
Patterns Name :- Triangle
Symbol Name :- Dmart
Based on Your Own Risk this is only to Show you the Current Pattern .
We are not responsible for any profit or loss .
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DMART Avenue Supermarts. Forecast Hello Friends,
Here is DMART Buy call Generated as per HARMONIC PATTERN, Buy DMART Above 4100 for the Target of 5850 with stop loss of 3650 closing basis.
Happy trading.
DMART : Looking for Buy!DMART is looking for great buying opportunity after having 40% correction & formed descending channel, expecting Target to reach at 6000
DMART Demand/Support ZoneDMART is near its weekly demand zone. Quarter results can decide which direction it will go. It is not able to sustain then, 3200-3400 level is next demand zone.
Dmart: Bullish pennant formation on Daily time frameDmart is looking strong enough after so much time, its also formed Bullish Pennant formation on daily time
Dmart buy Buy dmart at 4000 level target 2 %
Btst better I would say if today target not possible !!!
Plan your risk to reward correctly : if you make loss more today and profit less tomorrow then no point its better not to trade if risk to reward is not good Always approach with mathematical
intuition , analysis , see the big picture , Dont risk today too much which will result in not enjoying tomorrows profit !!!!!
DMART BOTTOM FISHINGNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Dmart Dmart Share Analysis On Monthly Chart .
Market Capital ₹263,155 Cr.
Promoter Holding 75%
ROE 9.45%
Stock P/E 178
Sales Growth 28.8%
Debt ₹ 510 Cr.
DMART SWING TRADE(31/JAN/2022)Swing Trade(31/Jan/2022)
DMart - Ready for an bullish move.
Price Action Analysis - DMart Ltd is taking major support at the same level for several times in daily candle and ready for breakout upside with confirmation form 200EMA.
DMart(31-JAN-2022)
Buy - 4150
Target - 4400, 4500, 4600
SL - 3950
The Finwiser 📈📊
DMART Trading SetupDecent correction has already happened, should move up now. Decent setup here with RR 1:4.
D Mart : Avenue Supermarts Ltd., Sector: RetailAvenue Supermarts Pvt Ltd.is one of the leading buyer company of Food, Garments, Toys & Games, Stationery, Footwear, Beauty and various Home Utility Products.
For Long-term Wait for dip buy. Watch on support level if on Support 4162 to 3995 show bullish candle go for buy. with 5 time investment process.
Target : 4700
CMP : 4276.10
Its shows Down trend now. On Date 13/01/2022 best opportunity for Short sale. Once Support 1 break seen big downfall again.
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Dmart Analysis.Dmart results were not bad but market sentiments are bad due to low targets by all the brokerages.
So only trade small qty if you are not a risky player.
Dmart triangle pattern breakoutThe Radhakishan Damani-promoted retail chain recently shared its quarterly business update with the stock exchanges, wherein it revealed that its standalone revenue for the quarter came in at Rs 9,065 crore compared with Rs 7,432.69 crore in the same quarter last year, up 22 per cent.
DMart operated 263 stores as of December 31, the company said in a brief filing.
"DMart remains a structural story on consumer shift towards organised retail in Food and Grocery. It has a huge runway of growth given current estimated store potential is 5.5 times its current size in existing catchments, consolidated modern trade with three large players and established own store model with tight control on cost.
Dmart Technical Analysis for MondayStrong technical chart pattern is poised to break the 4760 level, if it crosses the 4760 level then intraday target 4850 with a stop loss of 4700.
DMARTTaken resistance near 20 MA. Small bar has absorbed good volume compare to previous days.. Long above 20 MA
