AAAVENUE SUPERMARTS LIMITED
4,275.80INRD
−9.35−0.22%
As of today at 06:19 GMT
INR
No trades
DMART trade ideas
Swing call for avenue supermart. Educational onlyObserving all the other oscillators and indicators, it is clearly seen that the rsi shows the uptick also the very basics of technical analysis : the candle stick shows the bullish engulfing. So combining all the basic candle stick study, the oscillator study , the trend analysis, the price action and the sentiments it was a very good swing call. Personally captured 12% move in few trading sesh.
Pure Price Action TradeIn this Idea I'm going to share the simple price action trade which I have taken the May month in the stock D-MART.
Before taking any trade a trader must have find at least 3 confluences which align in the same direction so that we have a clear vision of the particular trade either it's a short trade or buy. By doing you are following a number of certain rules that will help you to make your trading emotionless and more disciplined.
For me I'm fan of price action trading which undergoes through Trends, S&R levels, Candlestick pattern, Chart pattern and sometimes EMA also.
In this trade of D-MART the price was facing resistance continuously from Area-1 and taking support from Area-2 at the moment when it broke the support level it made a proper morning star pattern at a very crucial S&R level which I had represented by the purple horizontal line.
Human nature and psychology could never change so this pattern can come again.
At this point we can easily see the confluences-
1)Trend- Reversed
2)S&R LEVEL
3)Candlestick pattern
Entry- 2809
Stops-2668
Targets-3090
R:R = 1:2
-NITIN
AVENUE SUPERMARTSEvery time DMART has went into the consolidation, it breakouts with high volumes. Similarly I expect some consolidation for some sessions and it will again eventually breakout with high volumes. I expect a target of around 5100 in coming sessions keeping SL @ 4920.
This is only for educational purpose act wisely
DMART finally at buying zone can give 30% returnsI will buy DMART because :
It has been taking support at the trend line .
It has touched the support and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the support look at shorting.
Entry : 4259
Target : 5868
Stop loss : 4090
Dmart uptrend to sideways Dmart is at important support accumulation zone + RSI divergence + ready for retracement along with possible continuation of uptrend
entry: 4510 around
sl = if breacked the support zone then exit
Dont ever take more than 1 % risk
target : 3% - 4% 4650-4700
take with your risk to reward ration and dont have more greed to hold after 4700 if it breaks the higer lower then u might enter again but control your greed and exit with 3-4 % profit
