Trade ideas
Short DMART with SL 1516.8 Sell Dmart with SL of 1516.8 and target of 1487/1475.
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Near the strong supportVery strong support at 1315, if the stock remains bullish and able to cross minor resistance on the way, a target of 2100 can be had for the intermediate term
DmartEveryone's favorite , last time this corrected upto 50% retracement. now fallen off a double top, i think it will correct more. huge gap to be filled , lets see if it takes this in style.
NSE: DMART Below 1364 might touch 1157 in short termNSE: DMART Below 1364 might touch 1157 in short term
Since December 19 to January 11 stock was trading between 1696 to 1501
After performance numbers declared during weekend, today's sell off with huge volume shows more downside
The weakness in chart might built up further and can push price lower to 1157 level in coming days
Going forward 1489 will act as strong resistance level and stop loss for Short positions
Below 1364 stock can touch levels 1287, 1232 & 1157
Today's sell off with volume might be a worry in short term.
May rebound tomorrow. Intermediate support is at 1318, strong support is at 1290. If bullishness returns and the stock rebounds, resistance will be crossed tomorrow.
Dmart Dmart is life near life time breakout one can buy with 1600 as strict sl target 1700 1750 1800+
DMART#DMART - CnH and Upper trendline BO. Cup depth =1465-1126=339
Target =339+1437=1776. SL-1465 and1437 .
T-1776 Resistance -1519, 1547
Dmart- Bull Flag in Play No Real Big Red Candle after a 30% upward move makes me feel like Dmart chart is printing a bull flag.
Setup Void if there is no breakout in next couple of days.
Short term Target on the chart at Resistance.
Dmart Clear buy a 1080-1060 levels for upmove of 10-15%Wait for price to come near 1080 levels for buying
Bullish in short term The chart is very bullish as the market could not subdue it below 1/1 resistance line for long and now it is in strong momentum to gain the loss of bullishness. My target in the short/ intermediate term for D Mart is 1750 and support is at 1230.
DMART Go LongCMP 1226 Buy above 1250 Target1 1350 in one month
Target2 1500 in three months with SL 1180 :)
