Dmart: Bullish pennant formation on Daily time frameDMART given breakout on daily time frame, as share the earlier chart
DMART trade ideas
D martD mart has broken out of the descending triangle if it sustain outside of triangle on weekly candle it can give a bullish move stop loss is mentioned in the chart
DMART Demand/Support ZoneDMART is near its weekly demand zone. Quarter results can decide which direction it will go. It is not able to sustain then, 3200-3400 level is next demand zone.
Dmart: Bullish pennant formation on Daily time frameDmart is looking strong enough after so much time, its also formed Bullish Pennant formation on daily time
is DMART accumulating?It seems like DMART found a comfortable support at 4000 level and respected multiple times.
Seems like a H&S is forming at support level.
There chances for more downward movement as well
Closing above 4500 can be considered as signal for more upward movement.
Dmart buy Buy dmart at 4000 level target 2 %
Btst better I would say if today target not possible !!!
Plan your risk to reward correctly : if you make loss more today and profit less tomorrow then no point its better not to trade if risk to reward is not good Always approach with mathematical
intuition , analysis , see the big picture , Dont risk today too much which will result in not enjoying tomorrows profit !!!!!
DMART respecting the support linedmart is under a huge correction from its all time high and some institutes have claimed dmart to be overpriced for now
lets see where the correction stops as it is on a crucial support line. can move either direction from here.
do your study well before trading. CHEERS
DMARTAfter months of downtrend DMART is in accumulation phase between 4000 to 4450. Buy for long term. For educational purpose only. Kindly contact your financial advisor before entering any trade.
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Dmart analysis Dmart
hopefully support zone are strong
3900-4000 zone strongly hold
a bounce back possible .
but as we know market condition are worse
be care full
Stock Brother Analysis dmartTrendline breakout entry and 3 target and took reverse from strong support trendline
---Ravi
DmartDisclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
War-resistant Long-term investmentDuring a recession, companies that sell low-cost goods tend to outperform those that sell expensive goods on a consistent basis. While the nature of the company's business would suggest that it would be resilient in a downturn, DMART must still deliver on its promises. Groceries account for a significant portion of their revenue, and people will need to eat regardless of the direction of the economy. Gradually DMART is entering into the e-commerce segment as well which can further strengthen its growth.
DMART is expected to pull-back taking support from 200EMA.
- Earnings are forecast to grow 37.97% per year
- Earnings have grown 14.5% per year over the past 5 years
DMART LongDmart has hit channel bottom on weekly timeframe. Looking good for reversal. RSI also turning up.
⭐ Dmart Swing Trade dmart has made double bottom pattern at important support level. and we can go long on this basis.
target as marked in chart
DMART BOTTOM FISHINGNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Dmart Double Bottom pattern Market Cap
₹ 269,535 Cr.
Current Price
₹ 4,163
High / Low
₹ 5,900 / 2,676
Stock P/E
182
Book Value
₹ 196
Dividend Yield
0.00 %
ROCE
12.7 %
ROE
9.45 %
Face Value
₹ 10.0
Dmart Dmart Share Analysis On Monthly Chart .
Market Capital ₹263,155 Cr.
Promoter Holding 75%
ROE 9.45%
Stock P/E 178
Sales Growth 28.8%
Debt ₹ 510 Cr.
DESCENDING CHANNEL IN DMARTWhat Is a Descending Channel?
A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend. Officially, the space between the trendlines is the descending channel, which falls under the broad category of trend channels.
