DMART trade ideas
DMART ready for a big fall ???????Disclaimer : This analysis is being put for educational and entertainment purposes only, any trade or positions taken on basis of this analysis is to be based on your analysis and thinking.
GUYS PLEASE LIKE AND FOLLOW IF YOU AGREE OR YOU THINK THIS COULD WORK, ALSO CRITICS AND OPINIONS ARE ALSO FREE TO COME.
DMART ON DAILY TIMEFRAME.DMART TAKING SUPPORT ON TRENDLINE MIGHT BE BULLISH OR CONSOLIDATE ON MONDAY.
THIS IS JUST FOR EDUCATIONAL PURPOSE.
IF ANY SUGGESTIONS PLEASE LET ME KNOW IN THE COMMENT BOX.
Avenue SuperMarket is about to give double breakoutFollow these rules before buying :
1. The pattern break candle has good volume.
2. It retraces a little bit for last kiss.
3. Buy on the second green candle.
The RR is of 5:1
Do follow for more such analysis
dmart stock technically weekness OCT12As on OCT12( closing price@2002)
this stock is showing weekness it will test down side levels 1968 -1955 (patterns :head &shoulder, triangle break out)
dmart formed head and shoulders pattern now there are chances of recovery .... but in case it falls it can be a good investment opportunity buy in tranches ....
BRITANNIA may form a "Head & Shoulder" pattern with MACD buyBRITANNIA may form a "Head & Shoulder" pattern with MACD buy signal
DMART may form head & shoulder pattern tomorrow, maybe good buy!DMART may form head & shoulder pattern tomorrow, maybe a good buy!
DMART | 16% Pull back swing opportunity + W patternDMART | 16% Pull back swing opportunity + W pattern
CMP : 2110 (can buy upto 2080)
SL : 2020
Target : 2460
Excellent 1:4 risk reward
HOW DMART COULD BE TRADED ON 1ST OCT1. BIG GAPUP, FOLLOWED BY BIG GREEN CANDLE .
2. PRICE SHOWED THE REAL FACE AFTER LOSING MOMENTUM
3. NOW AFTER BREAKING SUPPORT OPENING PRICE , THE PRICE HAS TO FILL THE UNNECESSARY GAP - UP
4. ON CONFIRMTION A SHORT WAS GIVEN
5. FOR THE TARGET FOR PREVIOUS DAY LOW
#DMART WEEKLY CHART VIEW!!#DMART WEEKLY CHART VIEW!!
Avenue Supermarts Ltd. is trading near mid bollinger band.
Technical indicators are mild bullish.
If price closes above mid bollinger band 2238 near by resistance is 2527 and support is 1995 on weekly chart.
DMART is Making Symmetrical Triangle Pattern (Breakout Trade)Avenue Supermarts Limited : DMart, is an Indian chain of Hypermarkets in India ( NSE:DMART ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
DMART - 1D TF - Bullish BatBullish Bat pattern on Daily Chart of DMART. BUY 2005-07, SL 1954.9, Target(s) - 2059, 2074.
DMART trading near the trendlineDMART (Avenue Supermarts) is trading near the 15 month trend line. If it takes support at this level, a up move is implied, if not it may go the lower levels.
Cheers! Feel free to share your view about this.
Happy Trading.
