DMART trade ideas
DMART - Breakout and RetestDmart has given a beautiful breakout of the Inverse H&S pattern and has retested. Breakout has happen with nice volumes coming in
Dmart - Break out and retest before going up furtherDmart has broken out of consolidation and is retesting the demand zone which should now be the supply zone.
DMART - BREAKOUTDMART on 18 May gave a strong close after a RANGE BREAKOUT.
Fundamentally strong company is giving a technical indication to buy.
So let's just do it.
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
Avenue Dmart LongIn Avenu Dmart we see the inverted head & shoulder formation breakout that will go upside of 10% in the near term.
DMART given breakout already can hold for long termDMART given breakout already can hold for long term RSI also positive
Bullish View in Avenue SupermartsPost consoidation in 15 min chart, the scrip has broken out. Might see higher levels
DMART ALART PRICE DROPI know it looks complicated but the viewers need to understand. I will try to explain at my best
(A) is showing bearish bump and run trend reversal pattern
(B) is showing bullish price channel continuation
(C) is showing bullish inverted head and shoulder trend reversal pattern
(D) is showing target price (Target 1)
As I went through ideas a lot are talking about head and shoulder and it shows uptrend will start now but
If you observe (A) it's creating a bearish bump and run trend reversal pattern in which the thick line shows the possibility up to which rates can go and the rectangle shows the supports
If you observe (B) it's showing bullish price channel continuation according to which the price has to move in bullish if it crosses the upper price channel line and the target is up to rectangle (D)
If you observe (C) it's showing a bullish inverted head and shoulder trend reversal pattern which is created inside price channel pattern but both price channel, head and shoulder are showing the same target area of (D)
Now what I'm saying is on 14/05/2020 earnings are expected to release, and the strong (A) bump and run is pulling down the rates. If it happens so then the head and shoulder will not work and the price will fall taking support at (A) rectangles and it will bounce back. when it crosses the price channel (B) upper band you can buy expecting the target price of (D)
So don't go with head and shoulder wait for the price to cross price channel upper band then with confirmation and bit of your studies buy
Any doubts or suggestion ping me
DMART 1hr time frameIs that a sure break for a fall, what do ya say. Well, for me it will be more relevant tomorrow. Keep a close watch. It could go for a great for a good revival.
Trade wisely...
Inverted Head & Shoulder - Trend Reversal. Q4 Net Profit at ₹414 cr. jumps 52.76% year-on-year.
Inverted Head & Shoulder pattern - a bullish pattern.
We can see uptrend reversal after confirmation to given levels.
Resistance Breakout with Inverse Head & Shoulder FormationAvenue Supermarts (Dmart) is involved in the business activities of Retail trade, except of motor vehicles and motorcycles.
The Stock has formed an inverse Head & Shoulder on Charts and is ready to breakout. The Stock is technically placed below 50 DMA and around 100 DMA.
The Company is fundamentally very sound. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. An annual revenue growth of 24% is outstanding & ROE of 11% is good. Mutual Funds and FPI together hold around 16% stake in the Company indicating good investor interest in the company. The Company has posted good results yesterday beating the estimates made by several Research Institutions.
Watch out for breakout and close above 2960 with good volume.
Can accumulate thereafter for targets of 3200-3300 with SL at 2820. Long Term Target 3600-3800
Please feel free to share your feedback and queries.
DMART1. Inverted H & S in development
2. Trading on lower range of Expanding Triangle Pattern
3. Divergence in RSI
(Although safe entry was at 2690. Missed!)
Dmart Cmp 2937 dated 28.4.2021Dmart Cmp 2937 dated 28.4.2021
Trending up in a rectangle pattern
giving tgt of 2980-3080-3160-3280.
Above 2980 tgt of 3280 SL 2840
RSI had already breakout.
It is just a view, pls trade at your own risk.
DmartDmart - Cmp 2802
Can long at cmp with sl 2600 on closing basis.
Reason:
1. Morning star candle forming at the base of the downtrend near support area.
2. Positive divergence.
Avenue SuperMart for IntradayKeep the levels on check for tomorrow. May break the trendline and move upside.
Double Bottom Swing StratgyUse 44 MA which shows rising Trend
Find Double Bottom
Target should be ( Resistant - Support ) X 2 + Resistance
Stoploss : Bottom of Candle at Breakout and bottom of candle at bottom
Head and ShoulderView: Bullish
First shoulder and head done, again stock moving to create shoulder.
Also spinning top is created at support level so its confirm sign stock will
be moved at least 8%.
