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DMART

DMART is Making Symmetrical Triangle Pattern (Breakout Trade)Avenue Supermarts Limited : DMart, is an Indian chain of Hypermarkets in India ( NSE:DMART ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE). This can become a very good trade for INTRADAY traders. Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern. And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High. Target and StopLoss are never already fixed in the chart pattern. Thank you. You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit. Chart Published By Ravinder Sharma
NSE:DMART
by R_Sharma
DMART - Gap fill Strategy 1: Short below 1980 (sustained below on the 15 min chart) for T1: 1955, T2: 1900 with SL at 2020 Strategy 2: Short below 1955 (sustained on the 5min chart) for 1900 with SL at 1980 (For choice of trade entry levels - check the hourly chart) Long term Investing Idea - The stock is at a attractive price point around the 1900s. Expected to rebound up pretty quick after the gap fills. I would go long on August 2000CE, in the 1800-1900 zone on signs of reversal
NSE:DMARTShort
by raj_rishav