DMART
DMART - Watchout for ConsolidationAnother consolidation candidate.
One can trade on the either side of the breakout.
Disclaimer : Trade at your own risk. This is purely my viewpoint.
DMART - AnalysisNSE:DMART
DMART is back on growth expect it to recover back to previous high in few months
Target - 5500
SL - 4560
#APOLLO APOLLO #WHIRLPOOL #BAJAJELEC #TVSELECT #APPLIANCES #NSEApollo Micro Systems Ltd.
NSE:APOLLO
NSE:APOLLO
CMP: 125
Target: 140
SL: 115
Time Frame < 3months
Risky but profittable 12%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
DMART finally at buying zone can give 30% returnsI will buy DMART because :
It has been taking support at the trend line .
It has touched the support and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the support look at shorting.
Entry : 4259
Target : 5868
Stop loss : 4090
Dmart uptrend to sideways Dmart is at important support accumulation zone + RSI divergence + ready for retracement along with possible continuation of uptrend
entry: 4510 around
sl = if breacked the support zone then exit
Dont ever take more than 1 % risk
target : 3% - 4% 4650-4700
take with your risk to reward ration and dont have more greed to hold after 4700 if it breaks the higer lower then u might enter again but control your greed and exit with 3-4 % profit
DMART Daily Time Frame AnalysisDMART Daily Time Frame Analysis
- Making Base
- Support at 4200 Resistance at 4500
- Breaking Resistance will take it to the next target levels 4800-5000-5200-5500
- My entry at 4265 with sl of 4150 for the mention targets will keep trailing stoploss
DMART: I think the rocket has been launched.Just 2 days back, DMART has been launched a rocket. Unfortunately, I am late for this. Is there anyone who got an entry? Very nice pattern and risk-reward ratio. Now, let's track this one.
Dmart for swing.Dmart for swing, Wait for either breakout or retracement, Mark sl by looking at price action.
FY21-22 Swing Trade Idea #138:: Long on DMARTThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
DMART: All targets done!Please check my idea posted about DMART on 21st July. Both targets have been reached. 5% return in 14 days. :)
Jul 21
DMART has been facing rejection from the 3400 level since the mid of June 2021. Despite these multiple rejections,
the lows that it makes are gradually becoming higher. It took support at 3250 on 18.06.21, then again on 29.06.21,
then it formed the next swing low at 3300 on 15.07.21.
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If we zoom in to the 30 min chart, we can clearly see that the previous times when price reached the 3400 zone, it
was rejected severely, but on the latest occasion on 20.07.21, price has stuck close to that level for a couple of
hours and has closed very near to 3400, at 3397.
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The formation on the daily chart resembles an ascending triangle and if we look closely, the volume has been
positive and increasing the past few sessions with above average volume on 20.07.21. If DMART does finally break
past this level, a long can be initiated if the price sustains above the "LONG ABOVE" level for 15 minutes, keeping
the following levels in mind:
LONG ABOVE: 3425
STOP LOSS: 3335
TARGET 1: 3515
TARGET 2: 3600
Remember, trade your plan, risk management is key.
Like and follow for more. :)
___________________________________________________________________________________________________
Jul 27
Trade active
Jul 27
Trade closed: target reached: Target 1 has been achieved at 3515 on 27.07.21.
13 minutes ago
Trade closed: target reached: Target 2 has been achieved at 3600 on 04.08.21.
5% return in around 14 days.
:)
DMART: Rounding BottomWas going through this DMART chart and luckily enough got to analyse two bullish patterns in a single chart:-
1. Inverted Head and Shoulder
2. Rounded Bottom
If you look at the Inverted Head and Shoulder pattern it hit its target on the upside equal to the depth of the Head and then gave a break out completing the Rounding Bottom Pattern.
DMART LONG : Multi Time Frame Analysis.DMART has been facing rejection from the 3400 level since the mid of June 2021. Despite these multiple rejections,
the lows that it makes are gradually becoming higher. It took support at 3250 on 18.06.21, then again on 29.06.21,
then it formed the next swing low at 3300 on 15.07.21.
___________________________________________________________________________________________________
If we zoom in to the 30 min chart, we can clearly see that the previous times when price reached the 3400 zone, it
was rejected severely, but on the latest occasion on 20.07.21, price has stuck close to that level for a couple of
hours and has closed very near to 3400, at 3397.
___________________________________________________________________________________________________
The formation on the daily chart resembles an ascending triangle and if we look closely, the volume has been
positive and increasing the past few sessions with above average volume on 20.07.21. If DMART does finally break
past this level, a long can be initiated if the price sustains above the "LONG ABOVE" level for 15 minutes, keeping
the following levels in mind:
LONG ABOVE: 3425
STOP LOSS: 3335
TARGET 1: 3515
TARGET 2: 3600
Remember, trade your plan, risk management is key.
Like and follow for more. :)
___________________________________________________________________________________________________
DMART LONGDmart is forming a perfect cup and handle pattern, we can enter only if a strong breakout candle supported with volumes is formed.
DMART BUY BUY BUYD-MART is showing breakout signals, recommended to buy and accumulate between 3375 - 3400,for target of 3620
Analysis of TrendThis is how how I analyse the trend of stock and their pattern formations.
This is just my analysis of a trend of a stock Dmart.
I'm not a proffessional trader/pro trader.
This post is just for information purpose only.
DMART - Avenue Supermarts DMAT (Avenue Supermarts) is ready for big movement. Let's have a look at the weekly chart where in you can see that the stock is standing at 3317 levels and sustain above 3300 levels we can see the stock ride towards 4000+ levels in the coming 3-4 months time frame. The stock can be brought with the stop loss price at 2972 on closing basis.
The contents presented here are only for Educational Purpose Only.
DMART - Inverse Head & Shoulder PatternIt is an Inverse Head & Shoulder Formation.
On 18 may 2021, There is a Candle with a good volume breaking the Neckline of the Pattern. This is a positive sign or a confirmation for an Up move. Stock price is taking support of a Neckline. If stock shows some up move and when it breaks the nearest swing high (red candle next to the breakout candle) we can take entry for Swing or Positional trade.
So the Entry price is above 3090.95, we can take entry between 3095-3100.
Formula to calculate the Target Price
Target = (Height from head to neckline) + Neckline
Height from head to neckline = 309.45
Neckline = 3018.95
Target = 309.45 + 3018.95 = 3328.4
So we get here Target 3328.4 and it is near to the all time high price that is 3330.
You can consider stoploss close below the shoulders of the pattern as it can be the support line.
Disclaimer : I am not Sebi registered or expert in stock market. This is my personal analysis for educational purpose. I am not responsible for any profit / loss.
