Short DMARTHOLDING BELOW 2200 , stock will continue its corrective journey & can lead to the level of 2000/1950 again.
DMART
Intraday opportunity in DMART (Avenue Supermarts)As mentioned in the chart DMART approaching a very important levels. 2180-2200 levels will be crucial for DMART.
If this opens below the level and fails to brk then one can look for shorting opportunities.
If this level is broken tomorrow and sustained then one can initiate long position both on intraday and positional basis.
MIGHT REACH 2200 IF FEW MORE GREEN CANDLES ARE FORMED ABOVE 2170THERE IS A DOUBLE BOTTOM BEING FORMED AND THE NECKLINE IS BROKE
THERE IS RESISTANCE AT 2160
AND THE BEARISH TREND EXPIRED AND BULLISH TREND HAS BEGAN.
(ALL THE ORDER TYPE I CHOOSE IS CNC)
NEW SWING TRADER :)
DMART FOR SWING TRADEENTRY :- BETWEEN 1697-1728
SL :- 1551
TARGET :- 2100
Earlier dmart price has retraced twice from levels of 1697-1728 as shown in the figure
It can be a good retracement trade !!
Follow Entry,SL & Target Properly !!
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
DMART - Has it bottomed?DMART has reached its support line and also RSI is showing in Oversold section. It might bounce from here to see 2375 levels in near term.
This is my personal view and its always advisable to take suggestion from Financial advisor before taking any trades.
DMart- Breaking TrendlineBreaking Long Trendline supported by RSI
Would it take support at it's 200 MA?
DMART - POSITIONAL BUYPRICE MOVING IN CHANNEL. RETEST AT CURRENT SUPPORT LEVEL GOOD FOR LONG TILL TARGET OF THE PREVIOUS ALL TIME HIGH
DMART AnalysisDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Dmart Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
D-Mart Invest PickOn a weekly time frame, NSE:DMART is at a very critical juncture, breaking the high of the last weekly candle would boost the confidence in the long setup.
Diwali Pick.
Dmart can come down to 1000 or belowDmart forming continues negative Divergence.
Price will start falling if it can't hold the high if 2500-2400.
Trade with stop loss.
Once close below 1700 it will easily fall to 1000 or much lower level.
One of the most loved and chased stocks could end up with.. Either a huge Inverted Hammer or a Gravestone Doji for the Quarter.
Bearish Implications.
