Big savings & BIG GAINS @ same place ....The supermarket king of INDIA can touch that 5k leavel in near time, the stocks is respecting both indicators nicely and volumes look pretty good too and it's DMART you never short of volumes anyway, it's been in dowwntrend and no big gains from Oct 21, make the first tgt at 4500 and next at 4750-5000 and with a tight SL and keep moving ur SL up as the achive the tgts,,, Good lcuk , Happy Trading
Trade ideas
DMART - AVENUE SUPERMARTS LONGSuper movement
Super Breakout
Trading plan mentioned in charts and is mentioned for all time frame.
Company is a good large cap company with strong promoters and hence fundamentals are not the issue. Offcourse , the valauation is high but it had always been high with this company.
Purely technical buy .. Invested 50% quantity because of adverse market situations and markets being sideways. When markets change the trend , i plan to increase the allocation.
DMART AnalysisFOR LEARNING PURPOSE
DMART- The current price of DMART is 4297.60 rupees
I am going to buy this stock because of the reasons as follows-
1. Its coming out from a good consolidation
2. The breakout candle is good with great volume
3. Now it has given a break of almost 1 and half years
4. It is showing better relative strength as it stood strong in volatile times
5. The risk and reward is favourable
6. The company is quite famous and its promoter i.e, Radha Krishna Damani is multi billionaire
7. This company has been a underperformer for a long time but its trying to change now
8. Its a large cap company and in this volatile times, I am bit inclined towards large cap.
I am going to buy this on Tuesday (as Monday is holiday) with minimum target of 35-40% and then will trail after that.
My SL is at 3834 rupees
I will be managing my risk.
Long opportunity in DMart There is pole and flag pattern break in DMart, looks good for longs above 4340 with stoploss at around 3020 levels for the target of 5600 (there may be some resistance at around 4980 levels) then 6200.
--This is for educational purpose only, do your own analysis before investing and do not put more than 5 to 10% of your capital in one stock.
DMART Near BO [DAILY]DMART also in the pack with an increased RS score, in past 4 weeks score has increased from 17 to 25, not much of an increased to say its in momentum (750 stock universe).
But since its near BO, it might take support on 21 EMA and eventually break out of this small base BO and gain momentum.
Low RS score is a caution that I can highlight, not very comfortable taking a position in RS score of 25 right now especially in choppy market conditions.
DMART and CRISIL ..Analysis for upcoming daysDMART: The stock showing bullishness in weekly and monthly time frame...Once it cross the resistancne area it is having high chance to go up
CRISIL: In daily time frame stock gave good candle today.It is trading at ATH also coming out of flag pattern
No cal, No tips. Only chart analysis
DMART: Make or BreakHave observed triangle pattern in DMART in weekly timeframe. Will only plan to enter if breaks above 4200 with good candle closing and volume. Stock with good fundamentals consolidating for a while. Will observe how it goes.
Disclaimer: Not an investment advice, just my personal trade diary. Ideas and Views are always welcome as it helps us grow.