DMART
NSE: DMART Interesting possibility for 2189 DMART chart looking interesting with possibility to move higher after positive earning reports
Good to buy at current level 1880 to 1890 for a targets 1937, 2018, 2075, 2149 and 2184 in extension
Strong possibility to break out above 1937
Keep stop loss moving from 1808.
Avenue Supermarkets - study - Buy on dips upto 1784Avenue supermarkets near resistance zone of 1915, close above 1916 will open for more upside. Targets Open.
The stock has bounced from its low of previous gap up bottom(low) of 1784 and bounced upto 1900 with good volumes on 17th Dec. The stock has turned bullish. Keep an eye on #Dmart above 1915 Targets open. Stoploss : 1700
Dmart bulls will push price higherBuy At 1520-1510 Stoploss 1450 Target 1675
Reasons for trade- 1.Dmart has broken channel on daily chart
2.Channel break and retest of support at 1460 is done
3.Price has to complete rounding bottom on weekly chart
4. Festivals are coming near so consumer consumption will increase and so profits.
5.Risk Reward 1:2
Dmart Short OpportunityDmart Sell at 1450 Stoploss 1505 Target 1350-1300
Resons For Trade- 1. price is Near to daily channel resistance from where excess selling is done three times. 2.Price has formed bearish candlstick pattern near channel resistance. 3 Price is about to break 15 minute channel support. 4. on 15 minute chart price is closed below 50 days EMA. 5 Risk Reward is 1:2
DMART | TriangleDMART looks set for a recovery. We could observe a confirmed bullish Ascending triangle pattern. Target of the pattern comes in at 1480. However, the price was rejected by the trendline resistance at around 1420. Going forward, if the trendline is breached expect the stock to raise towards the pattern target.
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