DMART, a giant making IHnS (Inverted Head n Shoulder)Very first base of Stage 2
-Making Inverted Head n Shoulder
-Inside bars (Yellow Arrow), indicating consolidating in a range
-YoY EPS growing, with overall stores count in India increasing
Trade ideas
DmartBased on price moving and Ema
positions Up move possibility is higher
This is only for educational purposes.
DMART - Is 20% upside from current levels probable?Hi Traders,
This morning my screener filtered 'DMart' among few other stocks. When I looked at it on the weekly charts I found some key info that might be pointing that this stock will likely be heading up.
10 Weeks Volume Analysis
Up volume is over 6 times down volume (more buying than selling)
8 weeks closing Green and only 2 weeks closing Red
Buying Trades Value Rs.9000Cr. Selling Trades Value under Rs.1500Cr. (Less investors are selling at current prices.)
PA operating above 3 months range.
Observation
Usually when a stock's data shows such information most of which is positive, then it is very likely to be heading up. My set up shows it can attempt 5600 level which would be 20% from current level.
While I am documenting this information for my own personal reference and study, I am indeed taking a position in this stock based on the above reasoning.
TradingView strongly recommends that you do your own research when it comes to investing. That is my advice too because you and you alone are responsible for your actions in the Market and in life.
I would be happy to hear any views on this stock or any other and you can feel free to reach me.
All the best
PriceCatch
cup and handle patternsup and handle formation found in weekly chart
ema crossover done and the trend also moving towards bullish side
if the stock sustains 4744 it may become bullish
This analysis is my own idea.
I don't recommend taking trade based on this idea.
Know the market risk before trade.
DmartDmart appears good at the 4540 level.
Based on its movement over the past four months, which has been in the 4300–4925 zone, I believe it has the potential to reach the recent high of 4900.
its only foundation in education. Please communicate with your advisor before to making any financial decisions.
Dmart swing trade
Title: Golden Opportunity at DMART! 🌟
🛒 DMART BUYING OPPORTUNITY ALERT! 🚀
Attention savvy investors! An exciting buying opportunity has just emerged at DMART, one of India's leading retail giants. Seize the moment and potentially reap significant gains as DMART gears up for a bullish trend.
📈 Key Indicators:
Strong Fundamentals: DMART has a proven track record of robust financial performance, with consistent revenue growth and profitability.
Market Dominance: As a key player in the retail sector, DMART has established a strong market presence, consistently outperforming competitors.
Resilience During Challenges: DMART has showcased resilience during economic downturns, demonstrating its ability to weather uncertainties and maintain stability.
Expansion Plans: With plans for continued expansion and diversification, DMART is well-positioned to tap into new markets and revenue streams.
making inverse head and shoulder making an inverse head and shoulder patter if closes above 4900 will cross 5000 with some resisance and will give a fresh Bo and good targetin upcoming june month.
Avenue Supermarts Ltd - DMART - Positional TradeDate : 8-May-2024
Rating : Buy - Positional Trade
LTP : Rs. 4,806.75
Targets: (1) Rs. 5,180 --> (2) Rs. 5,900 --> (3) Rs. 7,577
SL : Rs. 4,450 on daily close basis
Technical View:
• NSE:DMART is in its primary uptrend and was going through it's secondary downtrend.
• After breaking out from its 2.5 years long secondary down trend on 19-Mar-2024, NSE:DMART has started the upward journey.
• After making a new 52w high of 4,890 on 23-Apr-2024, it has taken support at 4,450 on 29-Apr-2024 and again started the upward journey on 30-Apr-2024.
• RSI is trading at 65.32 and MACD is trading at 84.74
• Looking strong from here on.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
Avenue supermart This stock up move as per the below prediction
1.21 Ema above 50 Ema
2.50 Ema above 200 Ema
3.Price above 21 EMA
4.21 Ema retrace
5.Stock in unmoved
5.ROCE >15
6.Debt to equity<1
This is for the educational purposes
Avenue Supermart (Dmart) first stage 2 base-Good Base forming.
-Ema Shakeout (MAU&R)
-Green Vol > Red Vol
-Inverted Head n Shoulder in forming
DMARTDMART :- The stock has given a breakout after 2 years. Keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
DMART Swing trade update **Title:** Swing Trading Buy Call for DMart
**Description:**
This analysis focuses on DMart, identified as one of the top stocks for swing trading due to its market trends and technical indicators¹. The stock has been showing a strong uptrend, making it a suitable candidate for a swing trading buy call.
**Key Points:**
- **Liquidity**: DMart has high liquidity, which is essential for swing trading as it allows for easy entry and exit without significant price impact¹.
- **Technical Analysis**: The stock has been consolidating in an ascending triangle pattern, indicating a bullish sentiment⁴. A weekly closing above the resistance level of 4200 suggests a potential breakout and continuation of the uptrend⁴.
- **Indicators**: The combination of Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicates a strong buy signal when used together¹.
**Swing Trading Strategy:**
- **Entry Point**: Consider buying when the stock's price action closes above a significant resistance level, such as 2084, as indicated by recent chart patterns².
- **Target and Stop Loss**: Set a clear target and stop loss based on the chart's technical analysis to manage risk effectively².
- **Market Conditions**: Always align trades with the overall market direction and be aware of any macroeconomic factors that could influence the stock's performance.
**Interpretation:**
Given DMart's current technical setup and market behavior, it presents a compelling buy opportunity for swing traders looking for short to medium-term gains. The stock's trend analysis and liquidity make it a prime candidate for a swing trade with a well-defined entry point and risk management strategy.
---
Please note that this description is based on general swing trading principles and should be tailored to the current market analysis and individual risk tolerance. It's always recommended to perform your own due diligence before making any trading decisions¹.
DMART - Investment pickAccumulate now till 3500
Target 4800
when the 4200 level broke we expect high momentum on buy side.
DMART | Investment Pick📊 Details
Avenue Supermarts is primarily engaged in the business of organized retail and operates supermarkets under the brand name of D-Mart.(Source : 202003-01 Annual Report Page No:111)
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
Dmart is ready for another rally-ready to break triangle
-keep eyes on volume at the time of breakout
-big players are building position slowly slowly
-below there is a very strong support zone which it cannot break easily
-current closing is also very strong above 4000 level a psychology resistance zone
Avenue Supermarket's analysis on 3 Mar 24Avenue Supermarket's analysis on 3 Mar 24
Fundamentally strong stock
Good stock for long-term investment
Stock PE is less than its median PE
Stock PE 103 (Median PE 127)
stoploss 3650
target 3900 - 4000 - 4100 - 4200 - 4300
DMART WEEKLYstock gave a strong breakout on weekly time frame many time got reject on 4000 level finally stock close above 4000 with strong candle will se good upmove in stock in upcoming days
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per trade and per day
3: believe to your analysis
4: stay positive and keep patience
technical analysis + money management+ physicalogy = successful trader
pls like and share
Amazing breakout on Weekly / Daily Timeframe - DMART
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
PS: People who missed my first BO level, can re-consider this BO level when a proper candle close is seen in Daily TF.
DMART: Potential Long swing tradeSwing Idea: Potential swing trade for 500 point
Attempting breakout of two levels after downtrend:
Trendline breakout.
double bottom with ascending triangle breakout.
Taking support on moving average.
Daily and weekly RSI >= 60.
Note: This is just for analysis purpose, please do your own research before punching any orders.
Avenue supermart looking good Short term 27% gain
Long term 30% gain
Cup and handle pattern. Break out confirmed.
Note: Only for educational purpose
Avenue Supermart (D Mart) (Monthly)Avenue Supermart (D Mart) (Monthly)
CMP 4525
Looking good for long term
Breakout on monthly done
Can add up to 4100- 4200 with SL below 3700
Disclaimer: No Buy sell recommendation for educational purpose only.
dmart bullish pennant flag bullish pennant flag on weekly chart
ema crossover done
trendline breakout done
narrow range stock
s1 (3513) support and r1 is the target
this post is for learning purpose only.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser
REVERSAL IN AVENUE SUPERMARTSAvenue Supermarts is BULLISH on Monthly timeframe and has changed its price structure on Weekly timeframe which gives a strong conviction that it is going to test its ATH once again. There is a scope of accumulation if it is available at a discounted price between 4200 and 4300 . The idea will be invalid below 4000 . The targets are crystal clear according to price action. Hourly timeframe should be followed for a good entry with a minimum risk for a greater reward.
