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Dmarttechnicalanalysis

DMART - Descending Channel💹 Avenue Supermarts Ltd (NSE: DMART) Sector: Retail | CMP: 3841.6 View: Reaction from Higher-Timeframe Demand | Early Momentum Recovery Chart Pattern: Descending Channel (Corrective) Candlestick Pattern: Strong Bullish Marubozu ________________________________________ Price Action DMART has spent the last few months in a controlled corrective decline after a prior uptrend, respecting a well-defined descending channel marked by lower highs. Price recently reacted sharply from a higher-timeframe demand base in the 3600 region, printing a decisive bullish expansion candle and closing near the session high. This move signals a shift from passive correction to active demand emergence, with sellers losing near-term control at lower levels. While the broader structure is still recovering and overhead resistance remains intact, the latest price behaviour reflects an early change in character rather than a weak bounce. ________________________________________ Technical Analysis (Chart Readings) Technically, the chart shows improving alignment after prolonged consolidation. The bullish Marubozu indicates strong buyer dominance with minimal intraday supply. This expansion follows a compression phase, suggesting a short-term volatility release. Momentum indicators remain constructive but not euphoric — RSI around 51 reflects healthy recovery without exhaustion, while price reclaiming short-term averages points to stabilisation above demand. Volume participation is meaningfully above recent averages, confirming that the move is supported by participation rather than thin liquidity. Overall, the technical setup reflects a recovery phase with improving momentum but still within a broader corrective framework. ________________________________________ Key Levels (Chart Readings) On the downside, a strong structural support zone lies in the 3600–3500 region, which has repeatedly absorbed selling pressure and now acts as the primary downside reference. Intermediate supports around 3719 and 3596 provide near-term cushions during pullbacks. On the upside, immediate resistance is visible near 3907–3972, followed by stronger overhead supply near 4095 and above, where prior distribution has occurred. Price is currently positioned between demand and resistance, making acceptance above these levels critical for sustained upside continuation. ________________________________________ Demand & Supply Zones (Chart Readings) The demand–supply framework offers clear structure across timeframes. On the Daily timeframe, a major demand zone is established between 3680–3605, forming the broader base for the current recovery attempt, while a higher-timeframe supply zone remains active near 4111–4222. On the Swing timeframe, demand is concentrated around 3680–3605, with swing supply visible near 4173–4222. Intraday demand zones are clustered near 3769–3747 and 3743–3720, highlighting immediate buying interest, while short-term supply remains active near 3668–3658 on pullbacks. These zones frame the current recovery phase, with price rotating upward from demand into nearby supply. ________________________________________ STWP Trade Analysis DMART has initiated a momentum recovery from a higher-timeframe demand base, supported by rising volume and improving price stability. From an intraday perspective, holding above the 3800–3850 zone keeps the bullish bias intact and allows scope for continuation toward upper resistance levels if participation sustains. From a short-term swing (hybrid) standpoint, the same structure supports a broader mean-expansion framework over the next few sessions, provided price does not slip back into the prior demand range. While the trend bias is turning upward, the presence of overhead supply and elevated volatility warrants disciplined execution, controlled position sizing, and strict respect for structural invalidation levels. ________________________________________ Final Outlook Momentum: Strong Trend: Up Risk: High Volume: High The structure favours further recovery as long as price sustains above demand zones, but confirmation through acceptance above overhead supply is essential for trend acceleration. This phase rewards structure awareness, patience, and risk discipline over prediction.
NSE:DMARTLong
by simpletradewithpatience
DMART Trading Above Fresh Weekly Demand ZoneDMART is currently trading at ₹3661.25, above its demand zone between ₹3582.95 and ₹3530.05, identified on 1st September 2023. This fresh zone has not yet been tested, suggesting potential buying interest if the stock revisits this range. Investors may consider watching for a pullback to this zone for a potential buying opportunity near this support level. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:DMARTLong
by rush12799
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 vikrant_252
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_