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.
DMART
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 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
#JUBLINDS #JUBLingrea #JUBLfood #JUBLpharma #FMCG #NIFTY #BANK#JUBLINDS
CMP 221.45
Target: 256 // 283 // 308 ++
NSE:JUBLINDS
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Might blast to more than 308++
Super Bullish on this stock.
From Rachit Sethia with 💚
AVENUE SUPERMARTS3228 RESISTANCE LEVEL.
2735 STOP LOSS based on SUPPORT LINE.
2800 STOP LOSS based on 200EMA LINE.
.
TECHNICALLY its BULLISH view because of trading above 200EMS on 4Hrs timeframe. Since 19th OCT 2020.
FUNDAMENTALLY not recommended for Long term holding because now P/E ratio is 193.30 below (24 P/E) safe. So it's a highly expensive stock for long-term investors.
Swing Trade Idea #231 : Long on DMART This is a public swing trade idea 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 it 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: BUY/SELL algo DemonstrationHOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position.
4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X.
5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low.
While maintaining the position :
6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position.
Exiting the position:
7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately.
10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal.
No Trading Zone:
11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)