DMART trade ideas
Dmart Short OpportunityDmart Sell at 1450 Stoploss 1505 Target 1350-1300
Resons For Trade- 1. price is Near to daily channel resistance from where excess selling is done three times. 2.Price has formed bearish candlstick pattern near channel resistance. 3 Price is about to break 15 minute channel support. 4. on 15 minute chart price is closed below 50 days EMA. 5 Risk Reward is 1:2
DMARTOn the daily chart stock price has formed "ASCENDING TRIANGLE" pattern and has given breakout on closing basis
* This breakout is accompanied with increase in volume which supports bullish sentiments ahead
* The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term.
* Stock price has given positive crossover from its 20,50 and 100 day SMA which indicates positive bias.
* The above analysis indicate an upside of 1424 - 1462.35 invalid close below 1350. #Findyourtrade
DMART | TriangleDMART looks set for a recovery. We could observe a confirmed bullish Ascending triangle pattern. Target of the pattern comes in at 1480. However, the price was rejected by the trendline resistance at around 1420. Going forward, if the trendline is breached expect the stock to raise towards the pattern target.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
DMART - Bullish Bat & Bearish Deep Crab - 4H TFBullish Bat pattern on 4H Chart of DMART. BUY 1290-1292, SL 1283.8, Target(s) - 1299.9, 1303.
Bearish Butterfly pattern on 4H Chart of DMART. SELL 1401-1402, SL 1409.1, Target(s) - 1394, 1391.
I started learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s), SL and entry levels.
AVENUE SUPERMART - SMALL RALLYAN INVERSE H&S SHOULDER ALONG WITH A BUY SIGNAL IS SEEN.
VOLUMES ARE HIGH WHEN THE PRICE IS INCREASING AND LOW WHEN THE PRICE HAD FALLEN DURING THE LAST FEW DAYS.
MONEY FLOW HAD STEADILY INCREASED INTO THE SYSTEM.
COMBINED ALL OF THIS, A BREAK OUT ABOVE THE NECK LINE SHOULD SEE THE TARGETS OF 1380 (MAJOR RESISTANCE) AND 1450.
AT NECK LINE, THERE IS A GRAVE STONE DOJI YESTERDAY. BEWARE OF THE NECK LINE CROSSING.