DMART trade ideas
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!
Price Rotation in DMART.This is just an analysis. Forgive me for any mistakes as I am new. Also, please give your suggestions.
1. DMART reversed 2 times from it's weekly Pivot R2.
2. Recently price is increasing with decreasing volume.
3. An Ascending Triangle pattern can also be seen.
Looking for suggestions and rectifications!!
DMART on support of trendline in 1hrDMART is a trending since late october and its currently on the 50EMA support of 1hr chart.
If it takes support then we can hope for new highs
Look for buying opportunities if the downward trendline is broken.
If the stock continues its downward momentum, then we can short the stock below 50ema of 1hr chart with good momentum, targets are marked with red trendlines
Double bottom - close above 2500 will add 500 more !!Price making double bottom and nearing towards the resistance levels. If price closes above 2500 levels then the pattern breakout will add 500 more points to the script ( as shown in the figure).
The first stop would be 2444 and the next would be 2500 then it will be unstoppable I guess. Lets see it in action !!
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DMART | Pattern seems little convincing & good risk reward againDMART | Previous analyze failed as SL hit. Since it looked H&S slightly dint wanted to keep bigger stoploss.
Now this pattern seems little convincing with good risk reward again. Can see 19% if things goes as expected 😃
CMP : 2026
SL : 1920
Target : 2375
1:6 risk reward setup