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...
dmart 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
After 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.
Disclaimer: 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.
During 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...
Note:
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...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
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
What 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.
