DMART given breakout already can hold for long term RSI also positive
Good to buy around 2423 to 2253 and if that breaks we can see 1700
I 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...
#JUBLINDS CMP 221.45 Target: 256 // 283 // 308 ++ NSE:JUBLINDS If you like my work, KINDLY LIKE, SHARE, & FOLLOW THIS PAGE for latest stock recommendations for free. Might blast to more than 308++ Super Bullish on this stock. From Rachit Sethia with 💚
DMART is looking for great buying opportunity to take the move to the upside & has the high probability to reach at 3600.
DMART is looking for great buying opportunity & to make some decent amount of profit.
Short Dmart Stoploss 2935 target 2630 Study: Breadown from Trend Continuation Pattern (Flag Pattern)
3228 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.
Dmart trend, also you can see on two occasions stock has formed similar pattern highlighted by black curves. Interesting movement indeed.
Dmart chart is looking good, it is trying to break ATH for 5th time. It might breakout this time before next result season.
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It showed a great breakout from the indicated trendline. Is it retracing all the way back to the same trendline? Keep this on radar to re-enter for long term view. Please like and follow.
HOW 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...
analysis mentioned on the chart.
If breaches 2400, then 2800+ level is possible (if not, moving in zone) near support at 2200 strong support at 2000 Only educational purpose
-Look out for Volume when breaking out! -There are two separate possibilities of trade represented by two arrows after breakout at 2700. -Target is set through ATR. -Risk Reward is 3.078 -Happy Trading :)