DMART trade ideas
Watchlist Update: Dmart ascending triangle probable breakout.-Look out for Volume when breaking out!
-There are two separate possibilities of trade represented by two arrows after breakout at 2700.
-Target is set through ATR.
-Risk Reward is 3.078
-Happy Trading :)
Strongest stock - DMART (Rejection day)Buy At 2588-2600 range for an excellent entry.
SL - Exit if stock close below 2580, since it will definetely test the low's of the rejection candle.
Reason for the trade: Rejection day
Rejection Days have a range that is significantly larger than the 10-day average and The ideal swing entry is the Rejection Day midpoint,which can be defended for 1-4 days after the rejection.
Exit when : A daily close below the Rejection Day midpoint breaks the pattern, as this would indicate a retest of the Rejection Day low
Disclaimer : Author may enter in trade so take your own decision. This is an trading idea not an trading or Investment advice.
Buy DmartBuy Dmart Near Cmp 2556 or add more near 2550 level ..Stoploss 2200 Target 3030
Risk to Reward 1.70
Study: Stock is trading near Retesting level of Previous Breakout level..
DMART perfect reversalDMART has reversed by taking support from a trend-line that had previously offered a stiff resistance to the stock.
Go long from here in DMART. Buy on dips strategy for long term.
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NSE:DMART
Triangle Break out in DMARTAfter long consolidation DMART has break out triangle pattern with strong movement. Support zone 2560 - 2520. Stop loss 2460. Potential gain 15% - 20 % in medium term.
DMARTDMART Weekly RSI close above 55 + daily RSI > Weekly RSI + Daily ADX > 25, Momentum may be continuous from here. exit - Close below EMA_34 or Daily RSI close below 45 or Daily ADX close below 25.
DMART (Avenue Supermarts) Trading SetupLooks like a breakout with good volume as well. Can move towards new all time highs.
DMART attempting to break ATH resistance Attempting for the 5th time to break all time high level. Can give a break out in coming days. For educational purpose.
DMART BEARISH POLE & FLAG PATTERN 15MINWe can see a bearish pole & flag pattern in DMART on 15min timeframe. On Monday, if the opening price of DMART is in the range of flag then you can short DMART for intraday when there will be pattern breakdown alongwith good volumes. You can enter the trade when price crosses the low of breakdown candle. Risk management is the key. Always plan you SL before entering a trade. The SL for this trade should be the nearest swing high. Happy Trading!
