DMART for 35% (approx..) Potential GainAvenue Supermart is showing a potential breakout on symmetrical triangle pattern. its sales also increasing QOQ and PBT as well.
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CMP : 4300
TG : 5600
SL : Below 21 day EMA
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Volume, Delivery & VWAP.
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up.
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on daily chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk .
Please consult your financial adviser before taking any decision.
Dmartbuy
Long opportunity in DMart There is pole and flag pattern break in DMart, looks good for longs above 4340 with stoploss at around 3020 levels for the target of 5600 (there may be some resistance at around 4980 levels) then 6200.
--This is for educational purpose only, do your own analysis before investing and do not put more than 5 to 10% of your capital in one stock.
D Mart : Avenue Supermarts Ltd., Sector: RetailAvenue Supermarts Pvt Ltd.is one of the leading buyer company of Food, Garments, Toys & Games, Stationery, Footwear, Beauty and various Home Utility Products.
For Long-term Wait for dip buy. Watch on support level if on Support 4162 to 3995 show bullish candle go for buy. with 5 time investment process.
Target : 4700
CMP : 4276.10
Its shows Down trend now. On Date 13/01/2022 best opportunity for Short sale. Once Support 1 break seen big downfall again.
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DMART LONG : Multi Time Frame Analysis.DMART has been facing rejection from the 3400 level since the mid of June 2021. Despite these multiple rejections,
the lows that it makes are gradually becoming higher. It took support at 3250 on 18.06.21, then again on 29.06.21,
then it formed the next swing low at 3300 on 15.07.21.
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If we zoom in to the 30 min chart, we can clearly see that the previous times when price reached the 3400 zone, it
was rejected severely, but on the latest occasion on 20.07.21, price has stuck close to that level for a couple of
hours and has closed very near to 3400, at 3397.
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The formation on the daily chart resembles an ascending triangle and if we look closely, the volume has been
positive and increasing the past few sessions with above average volume on 20.07.21. If DMART does finally break
past this level, a long can be initiated if the price sustains above the "LONG ABOVE" level for 15 minutes, keeping
the following levels in mind:
LONG ABOVE: 3425
STOP LOSS: 3335
TARGET 1: 3515
TARGET 2: 3600
Remember, trade your plan, risk management is key.
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