Dmart(Avenue supermart) after some good consolidation under the 0.23 & 0.38 Given trendline brekout. Now if it sustains above 4530 and give one day candle close above this, big targets will be open for the near term. Patten can also called Slanted inverted H&S. It’s breakout is always stronger.
Keep this in mind. Options is a dangerous instrument to play. Please...
RSI Strength.
Pennant Breakout and Retest Done.
I am a bit late with the analysis.
1st target looks easy.
Might give a small correction and then proceed to 2nd target at 5300.
Idea is for educational purpose only.
Avenue Supermarket's analysis on 3 Mar 24
Fundamentally strong stock
Good stock for long-term investment
Stock PE is less than its median PE
Stock PE 103 (Median PE 127)
stoploss 3650
target 3900 - 4000 - 4100 - 4200 - 4300
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
stock gave a strong breakout on weekly time frame many time got reject on 4000 level finally stock close above 4000 with strong candle will se good upmove in stock in upcoming days
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per trade and per day
3: believe to your analysis
4: stay positive and keep...
Swing Idea: Potential swing trade for 500 point
Attempting breakout of two levels after downtrend:
Trendline breakout.
double bottom with ascending triangle breakout.
Taking support on moving average.
Daily and weekly RSI >= 60.
Note: This is just for analysis purpose, please do your own research before punching any orders.
Avenue Supermarts is BULLISH on Monthly timeframe and has changed its price structure on Weekly timeframe which gives a strong conviction that it is going to test its ATH once again. There is a scope of accumulation if it is available at a discounted price between 4200 and 4300 . The idea will be invalid below 4000 . The targets are crystal clear according...
📊 Details
Avenue Supermarts is primarily engaged in the business of organized retail and operates supermarkets under the brand name of D-Mart.(Source : 202003-01 Annual Report Page No:111)
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like...
Title: Golden Opportunity at DMART! 🌟
🛒 DMART BUYING OPPORTUNITY ALERT! 🚀
Attention savvy investors! An exciting buying opportunity has just emerged at DMART, one of India's leading retail giants. Seize the moment and potentially reap significant gains as DMART gears up for a bullish trend.
📈 Key Indicators:
Strong Fundamentals: DMART has a proven track...
Avenue Supermart (D Mart) (Monthly)
CMP 4525
Looking good for long term
Breakout on monthly done
Can add up to 4100- 4200 with SL below 3700
Disclaimer: No Buy sell recommendation for educational purpose only.
bullish pennant flag on weekly chart
ema crossover done
trendline breakout done
narrow range stock
s1 (3513) support and r1 is the target
this post is for learning purpose only.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser
Dmart is in a beautiful structure with a recent breakout of an important resistance i.e. 4100. Stock has closed strong on weekly timeframe. One can wait for some retracement to make entries. SL has to be below 3,800. Do not miss this investment oportunity.
Avenue Supermart is showing a potential breakout on symmetrical triangle pattern. its sales also increasing QOQ and PBT as well.
( www.screener.in )
All data is available in public domain..
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 :...
Avenue Supermarts Ltd
venue Supermarts Limited (DMart) is a national supermarket chain, with a focus on value-retailing. We offer a wide range of products with a focus on the Foods, Non-Foods (FMCG) and General Merchandise & Apparel product categories.
Fundamental : strong
Market Cap₹ 2,79,659 Current Price ₹ 4,298 Stock P/E ...
The supermarket king of INDIA can touch that 5k leavel in near time, the stocks is respecting both indicators nicely and volumes look pretty good too and it's DMART you never short of volumes anyway, it's been in dowwntrend and no big gains from Oct 21, make the first tgt at 4500 and next at 4750-5000 and with a tight SL and keep moving ur SL up as the achive the...
Super movement
Super Breakout
Trading plan mentioned in charts and is mentioned for all time frame.
Company is a good large cap company with strong promoters and hence fundamentals are not the issue. Offcourse , the valauation is high but it had always been high with this company.
Purely technical buy .. Invested 50% quantity because of adverse market...
Dmart has been consolidating in an ascending triangle pattern since it had tested its strong demand zone of 3200-3300.
Stock managed to give a weekly closing above the resistance of 4200.
It is a high risk, high growth stock, so trade accordingly. Valuation at current price is not good for investing.
Stock can touch ATH if we see a bullish market again.
