DMART trade ideas
Dmart H&S pattern with BO Target 3330Dmart Short term Target 3330. BO done in H&S pattern. SL 2910 risk/reward 1:3
DMART Breakout# traders keep watching wait for confirmation candle after passing testing 15% move will be given
DMART - Inverse Head & Shoulder PatternIt is an Inverse Head & Shoulder Formation.
On 18 may 2021, There is a Candle with a good volume breaking the Neckline of the Pattern. This is a positive sign or a confirmation for an Up move. Stock price is taking support of a Neckline. If stock shows some up move and when it breaks the nearest swing high (red candle next to the breakout candle) we can take entry for Swing or Positional trade.
So the Entry price is above 3090.95, we can take entry between 3095-3100.
Formula to calculate the Target Price
Target = (Height from head to neckline) + Neckline
Height from head to neckline = 309.45
Neckline = 3018.95
Target = 309.45 + 3018.95 = 3328.4
So we get here Target 3328.4 and it is near to the all time high price that is 3330.
You can consider stoploss close below the shoulders of the pattern as it can be the support line.
Disclaimer : I am not Sebi registered or expert in stock market. This is my personal analysis for educational purpose. I am not responsible for any profit / loss.
DMARTDMART
Approaching important resistance.
Trend will remain bullish till its trading within Pith fork.
Any dips to Pith fork support can be bought into.
DMart - Cup and Handle Breakout View - PositionalDMart : Positional
Looks Good for Cup & handle Breakout
Long above 3300 with SL 3150
DMARTTriangle may be broken on upside.. Either can be bought at support line after showing reversal sign or can be bought at breakout of triangle
DMART | Simple INHS pattern - Lets give a try for 12%DMART | Simple INHS pattern - can see 12%
CMP : 2895
SL : 2780
Target : 3230
Almost 1:4 risk reward setup
Bullish reversal - Inverted head and shoulder 1. Head and shoulder breakout
2. Daily resistance breakout with a strong bullish candle
Targets and SL are mentioned on chart
DMART: inverted H&S at support levelDmart (Avenue Supermart) has formed an inverted H&S pattern (Bullish Pattern) on Daily Time frame.
As the stock is supposed to announce result, good result can take it to 3300 levels again while a bad result can lead it to Support level 1 and then to support 2 (Buyer are active in this range)
All levels are mentioned on the chart.
Just wait for clear breakout / breakdown either side on at least hourly timeframe to take the position.
DISC: For educational purposes only.
Buy DmartBuy Dmart near 2960 to 2980 levels Stoploss 2820 Target 3190
Study: Inverse Head & Shoulder Pattern Breakout and Retest
Inverse head and shoulder pattern breakoutInverse Head and shoulder pattern breakout in last 4hr candle and also a strong resistance breakout.
Can be bought for a short term target of 3150.
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Happy Trading:)
DMART - Ready for 3200 in medium term.Dmart has given a strong breakout from its daily trendline by taking support exactly from its zone.
Wait for retesting of trendline and buy around 2840-50 with S.L. of 2750 on closing basis.
Targets :- 3000/3200 in short and medium term respectively.
Follow for more such trades.
Flag pattern Flag pattern formation plotted . Breaking 3095 levels prices can soar upto 3228 and 3333 levels .
