DMART
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. :)
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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.
DMARTTriangle may be broken on upside.. Either can be bought at support line after showing reversal sign or can be bought at breakout of triangle
DMART: inverted H&S at support levelDmart (Avenue Supermart) has formed an inverted H&S pattern (Bullish Pattern) on Daily Time frame.
As the stock is supposed to announce result, good result can take it to 3300 levels again while a bad result can lead it to Support level 1 and then to support 2 (Buyer are active in this range)
All levels are mentioned on the chart.
Just wait for clear breakout / breakdown either side on at least hourly timeframe to take the position.
DISC: For educational purposes only.
Buy DmartBuy Dmart near 2960 to 2980 levels Stoploss 2820 Target 3190
Study: Inverse Head & Shoulder Pattern Breakout and Retest
DMART - Ready for 3200 in medium term.Dmart has given a strong breakout from its daily trendline by taking support exactly from its zone.
Wait for retesting of trendline and buy around 2840-50 with S.L. of 2750 on closing basis.
Targets :- 3000/3200 in short and medium term respectively.
Follow for more such trades.
DMART - BREAKOUTDMART on 18 May gave a strong close after a RANGE BREAKOUT.
Fundamentally strong company is giving a technical indication to buy.
So let's just do it.
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
DMART given breakout already can hold for long termDMART given breakout already can hold for long term RSI also positive
DMART ALART PRICE DROPI know it looks complicated but the viewers need to understand. I will try to explain at my best
(A) is showing bearish bump and run trend reversal pattern
(B) is showing bullish price channel continuation
(C) is showing bullish inverted head and shoulder trend reversal pattern
(D) is showing target price (Target 1)
As I went through ideas a lot are talking about head and shoulder and it shows uptrend will start now but
If you observe (A) it's creating a bearish bump and run trend reversal pattern in which the thick line shows the possibility up to which rates can go and the rectangle shows the supports
If you observe (B) it's showing bullish price channel continuation according to which the price has to move in bullish if it crosses the upper price channel line and the target is up to rectangle (D)
If you observe (C) it's showing a bullish inverted head and shoulder trend reversal pattern which is created inside price channel pattern but both price channel, head and shoulder are showing the same target area of (D)
Now what I'm saying is on 14/05/2020 earnings are expected to release, and the strong (A) bump and run is pulling down the rates. If it happens so then the head and shoulder will not work and the price will fall taking support at (A) rectangles and it will bounce back. when it crosses the price channel (B) upper band you can buy expecting the target price of (D)
So don't go with head and shoulder wait for the price to cross price channel upper band then with confirmation and bit of your studies buy
Any doubts or suggestion ping me
