DMART Looks weak below 2900might take from support from here. Need to keep an eye on a closing basis
Trade ideas
Dmart is at Trend LineTrendlines are easily recognizable lines that traders draw on charts to connect a series of prices together or show some data's best fit. The resulting line is then used to give the trader a good idea of the direction in which an investment's value might move.
Trendlines indicate the best fit of some data using a single line or curve.
A single trendline can be applied to a chart to give a clearer picture of the trend.
Trendlines can be applied to the highs and the lows to create a channel.
The time period being analyzed and the exact points used to create a trendline vary from trader to trader
Limitations of a Trendline
Trendlines have limitations shared by all charting tools in that they have to be readjusted as more price data comes in. A trendline will sometimes last for a long time, but eventually the price action will deviate enough that it needs to be updated. Moreover, traders often choose different data points to connect. For example, some traders will use the lowest lows, while others may only use the lowest closing prices for a period. Last, trendlines applied on smaller timeframes can be volume sensitive. A trendline formed on low volume may easily be broken as volume picks up throughout a session.
Ascending Triangle Pattern FormedD MART is On Verge Of Breakout, We Can See Some Upmove In Upcoming Time. Although Ascending Triangle is Bilateral Pattern it Can Give Breakout From Downside or From Upside, So we Need to Be Ready With our Target and Stoploss From Both Side. Also the Support is On 0.5 Fibonacci Retracement.
DmartDmart trend, also you can see on two occasions stock has formed similar pattern highlighted by black curves. Interesting movement indeed.
breakout of resistance , clearly go long position Dmart breakout of resistance with volume , after breakout retested , should be take long position here
My weekend picks 11/12/20My holding period- Greater than 2 weeks.
Style- Momentum investing.
Trade details mentioned in chart.
DMart Resistance Breakout ViewDMart:
Looks good for Resistance Breakout
Long above 3185 with a SL 3155
Example of an Analysis Failure and learning to trade with itOm Namah Shivay
Brothers,
After 27th Nov 2020, we set the target of next up movement to 2750 odd. And we are actually out
when price moved below 2600. If we analyze the structure, the correction followed and the impulse
still continued. We were in a failure.
Failure of doing a target too early. Trailing stoploss to swing lows brings us to safer exit. But the
failure needs to be re evaluated. We should have been progressive and kept a progressive thinking.
We could re-analyzed and keep our new analysis uptodate so that we are ready to re-enter if
possible.
Om Namah Shivay
DMart Multi Resistance levelDMart:
At Multi Resistance Breakout level
Long above 3075
Support at 3045 and 2995
Cup and Handle FormationThe stock is making a cup and handle pattern and looks good above 3010 level.
DMART MID TERM VIEW SL ON 2559 + buffer 20 points(2539)
Weekly closing basis
TARGET 1 : 3328
TARGET 2 : 3445
#DMART WEEKLY CHART VIEW!!#DMART WEEKLY CHART VIEW!!
Avenue Supermarts Ltd. bounced from the lower level and trading above the previous week high.
Technical indicators are bullish. If price trades above weekly high 2985, nearby resistance is 3137 and support is 2610 on weekly chart.
DMART is ready for ATHDmart chart is looking good, it is trying to break ATH for 5th time. It might breakout this time before next result season.
DOUBLE BOTTOM FORM IN DMART Double bottom formation complete in Dmart stock is trading near to 200 sma RSI also in bullish zone
Swing Trade Idea #231 : Long on DMART This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Is DMART retracing towards its support line?It showed a great breakout from the indicated trendline. Is it retracing all the way back to the same trendline?
Keep this on radar to re-enter for long term view.
Please like and follow.
DMART: BUY/SELL algo DemonstrationHOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position.
4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X.
5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low.
While maintaining the position :
6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position.
Exiting the position:
7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately.
10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal.
No Trading Zone:
11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)
