DMART Cup & HandlePossible cup and handle breakout today. Wait for EOD confirmation and go long.
Suggestions welcomed.
DMART trade ideas
Very Bullish { Get ready for 900+ levels (For Investment) }Everything is mentioned on chart...
Note:Do your own study before making any new position...
DMART : Buying range 700 -750. Good for long term investment. DMART : Buying range 700 -750. Good for long term investment.
Continuous profit making company.
Getting ready for a very Big Up Move { Bullish }DMART one of the best company in terms of fundamentals...
CMP : 790.85
A beautiful Symmetric triangle formation which is very near to give a big breakout...
It should be in your watchlist...
Targets are :
Target 1 : 830
Target 2 : 880
Target 3 : 950+
SL: 750
Risk Reward Ratio is just very amazing...
All they very best for a big upmove :D
Note: Do your own study before making any position...
Please Like, Follow and comment your view below... :D
Dmart - ShortShort here for a target a sub 720 levels. Triple top along with Bad results as compared with the expected results.
Stop loss is a breakout above the triple top.
Trail Stoploss for safety.
Highly Overbought Avenue Supermart one of the best stock listed this year with great fundamentals ....
It is on highly overbought zones on RSI (above 90+) on hourly charts...
with a negative divergance..
may this stock slip 30-50 points in this weak..... and that would be an opportunity for making long position...
Please Like Follow and Comment your views..
DMART IPO - How to play such events ? ( Educational ) Today, as we all know D-Mart had a blockbuster opening.
Many of us couldn't get any shares alloted.
Still, we could trade once it opened.
But how do we trade such events ?
Here's how I like to do it.
It's quite close to the 'opening range breakout' strategy.
So, the rationale behind this is we know there's some huge one side momentum and we can expect extremely good moves even after strong gap-ups.
Hence,
whenever we see such a bias in the market,
such as today, where this happened :
1 Min Chart
We can do similar trade to this,
Here, you can see see the high of the opening candle was a crucial followed by another attempt of going higher which couldn't . So we get to know that if price surpasses the opening high again, surely there's some huge buying interest.
So we should buy the high breakout with very sensible stop loss; in this case, the swing 2 high or else the close to give more room. Risking few to gain the Reward of the disequilibrium.
The only thing to worry about in this strategy is sudden price drop, which does happen at times.
If you build a strategy around this, it could mint you good money even in future. :)
Cheers !!
