DMART trade ideas
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.
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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 :)
DMART LONG CALLDmart having bounceback form it low of 2030 today Dmart having bullish candle on daily chart for the further upside trend
Buy at 2130-2135
TGT-2250
Stoploss-2070
