DMART trade ideas
Dmart near fib support levelsDMART in buying zone.
T1 : 1622
T2 : 1679
SL : 1543 (closing basis). If that is breached, 1480 levels can be seen.
Breakout in Avenue Supermarts-Stock breaking out of an ascending triangle pattern.
-Formed an inverted H&S as well.
-Breakout on strong volume.
-Bullish cross on MACD.
Not an investment advice. Do your own due diligence.
Disclosure: Invested.
DMARTDMART has been outperforming stock since its listing last year. The stock has risen more than 2.5 times in less than one & half year. Lately the stock has been consolidating in a triangular pattern for last two months. It looks to be breaking out of the triangle on the up side. Down trending resistance line looks to be passing around 1600. So the stock can be bought above 1605 for targets of 1690 & 1780 with stop below 1540.
Buy DMART in demand zone, Valid from 16 to 20 July 2018Buy DMART in demand zone, Valid from 16 to 20 July 2018
Entry and Exit Levels for this Dmart uptrend rally (Fibonacci)Entered at 1441.40 and Exiting at 1644.25.
202.85 points profit estimated at fibonacci level 78.6%.
Dmart Doji at channel topVery high volumes and we see doji. Now trading below Doji.
Expect to see 1350 levels here in near term. Overall trend might still stay positive if buying comes at below 1400 levels...
DMART - UP or DOWN !!? I think it will remain down for some timeIts a beginner analysis. Suggestions are welcome to add more details to make analysis more accurate.
Gravestone Doji - End of uptrend?A gravestone doji has been formed on candle of 30/04/2018. There may be some retracement it seems, most likely towards fibonacci levels - as seen on the chart.
