This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
On 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 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.
DMART (Avenue Supermarts) day chart study
Approx 14% fall till now from last posted post on 20Feb.
Either a huge Inverted Hammer or a Gravestone Doji for the Quarter. Bearish Implications.
It's time to correct.....from CMP. Shubhamjain1499 | Like | Share | Comment |
FIRST SUPPORT IS NECKLINE OF HEAD & SHOULDER ITSELF
Buy DMART at CMP (2350+) T1: 2550 T2: 2630 T3: 2730 SL: 2265
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 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