DMART trade ideas
Avenue Supermarts Ltd. - ANALYSISAvenue Supermarts Ltd. is trading within Inside bar pattern for the last 5 trading weeks.
Technical indicators are flat price can move either-side. If price trades above Inside bar 2393 next resistance is 2560 and if price trades below Inside bar (2090), next support is 50 day sma(1863) on weekly chart.
D-Mart Invest PickOn a weekly time frame, NSE:DMART is at a very critical juncture, breaking the high of the last weekly candle would boost the confidence in the long setup.
Diwali Pick.
target 2264reversal once from this area. that too was a UC day. yesterday touched same level. now what? 61.8 fib level again, that will coincide with a MA level too.
Dmart long. target 2400 Dmart long. target 2400
stock will open down or around closing price, then strong move up. as it was in a narrow range today
Dmart can come down to 1000 or belowDmart forming continues negative Divergence.
Price will start falling if it can't hold the high if 2500-2400.
Trade with stop loss.
Once close below 1700 it will easily fall to 1000 or much lower level.
One of the most loved and chased stocks could end up with.. Either a huge Inverted Hammer or a Gravestone Doji for the Quarter.
Bearish Implications.
