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Dmarttechnicalanalysis

Avenue Supermarts Ltd - DMART - Positional TradeDate : 8-May-2024 Rating : Buy - Positional Trade LTP : Rs. 4,806.75 Targets: (1) Rs. 5,180 --> (2) Rs. 5,900 --> (3) Rs. 7,577 SL : Rs. 4,450 on daily close basis Technical View: • NSE:DMART is in its primary uptrend and was going through it's secondary downtrend. • After breaking out from its 2.5 years long secondary down trend on 19-Mar-2024, NSE:DMART has started the upward journey. • After making a new 52w high of 4,890 on 23-Apr-2024, it has taken support at 4,450 on 29-Apr-2024 and again started the upward journey on 30-Apr-2024. • RSI is trading at 65.32 and MACD is trading at 84.74 • Looking strong from here on. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
NSE:DMARTLong
by vicky252
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. If you think information is useful please comment and follow for Daily Updates. Feel free to share your feedback and queries. If you want to know about your stock please mention in comment.
NSE:DMARTLong
by vahabsheikh
2
DMART: All targets done!Please check my idea posted about DMART on 21st July. Both targets have been reached. 5% return in 14 days. :) Jul 21 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. ___________________________________________________________________________________________________ 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. ___________________________________________________________________________________________________ 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. Like and follow for more. :) ___________________________________________________________________________________________________ Jul 27 Trade active Jul 27 Trade closed: target reached: Target 1 has been achieved at 3515 on 27.07.21. 13 minutes ago Trade closed: target reached: Target 2 has been achieved at 3600 on 04.08.21. 5% return in around 14 days. :)
NSE:DMARTLong
by Tradeception_
DMART - Inverse Head & Shoulder PatternIt is an Inverse Head & Shoulder Formation. On 18 may 2021, There is a Candle with a good volume breaking the Neckline of the Pattern. This is a positive sign or a confirmation for an Up move. Stock price is taking support of a Neckline. If stock shows some up move and when it breaks the nearest swing high (red candle next to the breakout candle) we can take entry for Swing or Positional trade. So the Entry price is above 3090.95, we can take entry between 3095-3100. Formula to calculate the Target Price Target = (Height from head to neckline) + Neckline Height from head to neckline = 309.45 Neckline = 3018.95 Target = 309.45 + 3018.95 = 3328.4 So we get here Target 3328.4 and it is near to the all time high price that is 3330. You can consider stoploss close below the shoulders of the pattern as it can be the support line. Disclaimer : I am not Sebi registered or expert in stock market. This is my personal analysis for educational purpose. I am not responsible for any profit / loss.
NSE:DMARTLong
by AmeyKajarekar
DMART - BREAKOUTDMART on 18 May gave a strong close after a RANGE BREAKOUT. Fundamentally strong company is giving a technical indication to buy. So let's just do it. Note: Avoid the stock if a big gap up or gap down is seen Enter after the breakout happens and not before it Do not chase the market, i.e., do not get involved in late entries Only enter with strict stop-loss and target This is not a recommendation and is for educational purposes only. always follow risk-reward and quantity management for the 100% of the times The above mentioned idea may not work, so beware of the risk you are taking Follow me to Learn and Earn with me. Happy Trading!!
NSE:DMARTLong
by FAHEEMSAM
6