Dmart is in a beautiful structure with a recent breakout of an important resistance i.e. 4100. Stock has closed strong on weekly timeframe. One can wait for some retracement to make entries. SL has to be below 3,800. Do not miss this investment oportunity.
Avenue Supermart is showing a potential breakout on symmetrical triangle pattern. its sales also increasing QOQ and PBT as well. ( www.screener.in ) All data is available in public domain.. CMP : 4300 TG : 5600 SL : Below 21 day EMA Stock's selection based on 5 Point Analysis: 1: Idea : Breakout. 2: Support : Volume, Delivery & VWAP. 3: Technical :...
Avenue Supermarts Ltd venue Supermarts Limited (DMart) is a national supermarket chain, with a focus on value-retailing. We offer a wide range of products with a focus on the Foods, Non-Foods (FMCG) and General Merchandise & Apparel product categories. Fundamental : strong Market Cap₹ 2,79,659 Current Price ₹ 4,298 Stock P/E ...
The supermarket king of INDIA can touch that 5k leavel in near time, the stocks is respecting both indicators nicely and volumes look pretty good too and it's DMART you never short of volumes anyway, it's been in dowwntrend and no big gains from Oct 21, make the first tgt at 4500 and next at 4750-5000 and with a tight SL and keep moving ur SL up as the achive the...
Super movement Super Breakout Trading plan mentioned in charts and is mentioned for all time frame. Company is a good large cap company with strong promoters and hence fundamentals are not the issue. Offcourse , the valauation is high but it had always been high with this company. Purely technical buy .. Invested 50% quantity because of adverse market...
FOR LEARNING PURPOSE DMART- The current price of DMART is 4297.60 rupees I am going to buy this stock because of the reasons as follows- 1. Its coming out from a good consolidation 2. The breakout candle is good with great volume 3. Now it has given a break of almost 1 and half years 4. It is showing better relative strength as it stood strong in...
Targets for Dmart using trend based fibonacci extension. short term targets 4997 and then 5551
There is pole and flag pattern break in DMart, looks good for longs above 4340 with stoploss at around 3020 levels for the target of 5600 (there may be some resistance at around 4980 levels) then 6200. --This is for educational purpose only, do your own analysis before investing and do not put more than 5 to 10% of your capital in one stock.
I am not a SEBI Registered analyst whatever I am sharing it's my my personal view before doing any action discuss with financial analyst. respect your SL if you want save your money for next trade.
Volume build up on daily and weekly timeframe is considerably good. Symmetrical triangle pattern breakout, wait for retest for conformation. Note: I do my analysis, do yours before trade.
DMART also in the pack with an increased RS score, in past 4 weeks score has increased from 17 to 25, not much of an increased to say its in momentum (750 stock universe). But since its near BO, it might take support on 21 EMA and eventually break out of this small base BO and gain momentum. Low RS score is a caution that I can highlight, not very comfortable...
Pennant Breakout Setup RSI above 65 and rising Trading above EMA50 Volume accumulation Disc: for study, not a recommendation
Reason for long a) W formation in development b) Day closing above 3852 is long, c) For long term investment, wait for the weekly closing i.e., on friday 3.20 PM (23.2.2024) above 3884 otherwise skip the trade d) Super vwap breakout above 3884 e) QQE long support g) SL compulsory
DMART has formed triangle formation and it is ready to give BO now consider the bottom two line as support
Volatility contraction pattern breakout in Avenue Supermarts..................
Reason for long a) Weekly breakout b) Volume burst c) QQE breakout d) SL compulsory e) Pole and flag set up
Dmart price action shows a trend reversal and possible upmove from current levels everything marked on the chart - fundamentally company is growing at a good pace
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