DMART trade ideas
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.
Dmart - bullish harmonic-TF - DAILY
Can see upside 4250 -4350
negation below 3850
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Inspired by - Trading Mirror telugu
DMART SWING TRADE(31/JAN/2022)Swing Trade(31/Jan/2022)
DMart - Ready for an bullish move.
Price Action Analysis - DMart Ltd is taking major support at the same level for several times in daily candle and ready for breakout upside with confirmation form 200EMA.
DMart(31-JAN-2022)
Buy - 4150
Target - 4400, 4500, 4600
SL - 3950
The Finwiser 📈📊
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.
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DMART | Swing tradeOpportunity to earn 20% in Swing Trade
CMP: 432270 (Entry @ 4345)
SL: 4160
Target: 4783 | 5040 | 5323
( Targets calculated on the basis of Fib.)
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views and have fun!!! Don’t take me seriously…..
Happy trading !!!
Dmart triangle pattern breakoutThe Radhakishan Damani-promoted retail chain recently shared its quarterly business update with the stock exchanges, wherein it revealed that its standalone revenue for the quarter came in at Rs 9,065 crore compared with Rs 7,432.69 crore in the same quarter last year, up 22 per cent.
DMart operated 263 stores as of December 31, the company said in a brief filing.
"DMart remains a structural story on consumer shift towards organised retail in Food and Grocery. It has a huge runway of growth given current estimated store potential is 5.5 times its current size in existing catchments, consolidated modern trade with three large players and established own store model with tight control on cost.