Trade ideas
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.
DMART TRIANGULAR PATTERN - Long IncomingDMART is forming a triangular pattern very near to major support i.e. 2200.
CMP 2240
DMART Swing Trading View -- LONGWeekly Trend - UP
Daily Trend - UP
Taking support at 200 SMA & respecting trend line
View - LONG @ 2335
SL - 2299
TGT 1 - 2376
TGT 2 - 2425
Continuation of upmoveRSI Divergence suggesting uptrend to continue. Plus no resistance at sight expect early June High. Enter at support with SL at 2296 and Target at 2527.30
Short DMARTHOLDING BELOW 2200 , stock will continue its corrective journey & can lead to the level of 2000/1950 again.
Avenue Supermarts Ltd - WEEKLY CHART VIEW!!Avenue Supermarts Ltd. trading above mid bollinger band whereas technical indicators are mild bullish near by resistance is 2527 and if price closes below mid bollinger band 2266 near by support is 1955 on weekly chart.
DMART LONG IDEAPrice broke above trendline and retest is complete. T1 at 2386 and T2 at 2524. Place Stop Loss right below support.
DMART - 4H TF - Bearish BatBearish Bat pattern forming on 4H Chart of DMART. SELL 2265, SL 2300.1, Target(s) - 2230, 2220.
D MART TECHNICAL ANALYSISHELLO FRIENDS I AM AGAIN WITH A NEW IDEA. FRIENDS I HAVE D MART CHART PATTERN HERE .FRIENDS IT IS MAKING A SYMMETRICAL TRIANGLE CHART PATTERN . ITS SUPPORT PRICE IS AT RS 2172 AND RESISTANCE PROCE IS AT RS 2200 . ITS TARGET FOR DOWNWARD YOU CAN TAKE IS RS 2112 . AND TARGET FOR UPWARD YOU CAN TAKE IS RS 2230 . ALSO FRIENDS FROM MY OPINION I THINK IT CAN GO DOWN . THANK YOU FOLLOW AND LIKE THIS PLEASE .
Intraday opportunity in DMART (Avenue Supermarts)As mentioned in the chart DMART approaching a very important levels. 2180-2200 levels will be crucial for DMART.
If this opens below the level and fails to brk then one can look for shorting opportunities.
If this level is broken tomorrow and sustained then one can initiate long position both on intraday and positional basis.
Bullish viewDmart have bullish crossover and its now it's strong support zone, it can be buy with sl of 2122, target 2222
MIGHT REACH 2200 IF FEW MORE GREEN CANDLES ARE FORMED ABOVE 2170THERE IS A DOUBLE BOTTOM BEING FORMED AND THE NECKLINE IS BROKE
THERE IS RESISTANCE AT 2160
AND THE BEARISH TREND EXPIRED AND BULLISH TREND HAS BEGAN.
(ALL THE ORDER TYPE I CHOOSE IS CNC)
NEW SWING TRADER :)
