VMART
Flag and Pole Pattern in V-mart RetailNSE:VMART a Flag and Pole pattern is forming in V-mart Retail, it is in an Uptrend Currently and High Possibility that it will break the pattern and continue the upward trend.
If a Bullish flag pattern Breaks Out above 4500, the stock may move toward the pattern target after the breakout which is 5420. Keep a Stop Loss of 4050.
NSE:VMART is engaged in the business of Value Retailing through the chain of stores situated in various cities in India. It will Announce results in a few days of Q2
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Short Term Trading Idea in V-Mart Retail for 15% UpsideHi,
NSE:VMART has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily, Weekly and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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VMARTVMART:- Trendline + Resistance is going to give breakout, wait for proper breakout
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rest details mentioned in the chart.
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V Mart - technical analysis 1D chart, Short termVMART with the market cap of 4300 cr, sales and operating profit of the company are moderately increasing quarter by quarter. All the Retail stocks were currently on rebound from the bottom trend line which gives a strong indicator for holding these stocks for long term. Stock is good to buy as it has upward potential of 50% returns in short term and 100% returns in long term(min 6 years).
Buy --> 19050-2030
Sell- first target - 3000-3200
Second target - 3950-4200
Stoploss/ Average -- 1600-1670
MULTIPLE BREAKOUTS IN V-MART RETAILSame Trading setup as that of TRIVENI ENGINEERING which worked like a charm. I have attached the post below. Same setup is found in this stock and it has the potential to reach 4100 in very short time.
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Positional Trade Setup Short/Mid Term | VMARTNSE:VMART
Seems Like Retracement is going to over now and the uptrend will continue.
On daily chart pattern it just closed above 50DMA and 78.60 level of FIB Retracement.
One can buy from CMP with SL of 3400 and Target of 3585, 3620, 3680, 3730, 3770.....
VMARTNote:
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Long term Cup and Handle Pattern breakout | VMARTNSE:VMART
VMART already gave long term cup and handle pattern breakout. Now it is under retracement.
1) Today it came to test 1st support level 3238. And closed just above it.
2) In coming days if it goes down to test 2nd support level 3130 then let it be. Do not enter in any buying position.
3) And further if it goes down to test ultimate last support level of 2890-2900 and it get support from this level then there will be good opportunity for short term to long term position. But it it gets support from any of above two support zone which are at 3238 and 3130 then from that level it will be a good opportunity to get long/buy position for short to long term.
VMART - Long term rounded consolidation followed by weekly breakAfter making a weekly closing high at 3172.25 during the week ended 27th August 2018, VMART entered a 3 year long sideways/down period where the stock had its upside capped at 2900 on a weekly basis.
As the chart clearly shows, the stock has undergone a 3 year long rounded consolidation phase between 1600-2900 (ignoring the noise). VMART has managed to break out of this consolidation by giving a weekly closing of 3123 this Friday.
Since the stock has given a text book breakout after a long consolidation, one can invest in this stock strictly for the medium to long term. VMART is a lightly traded counter and one must preferably avoid short term trading in this counter.
Stop Loss : 2930 WCB
Target : at least 30 percent.