Get started

DMART

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
Long term vision for D-MartAvenue supermarkets Ltd. has been proven to be a vital business for country's consumer and it will continue to be. Coming under 'necessary retail' I expect it to get hit lesser in any black swans from here-on. Fundamentals are healthy and the chart is in the process of looking better, good amount of correction is over. Expecting a fall from here of ~10% in the weekly block. Expecting it to run to new highs in the coming year. A gain of over 90% is what I aim for if we get to buy in low 3400s NFA--DYOR--GL
NSE:DMARTLong
by Degengambleh
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*
NSE:DMARTLong
by Traders_Town
1