DMart at strong supportDmart at oversold point with strong support at 3515. Can be a good accumulation point with a profit margin of 20% and 5% stoploss
DMART trade ideas
DMART - Weekly AnalysisIn the Weekly Chart of DMART ,
we can see that; it is resting the Trendline and a Decision making Candle is formed.
Enter on breaking its HIGH with LOW as SL.
Falling wedge pattern breakout of Weekly chart of DMARTNice Falling wedge pattern breakout of the weekly chart of DMART.
Buy Above 3990, SL 3750.
NOTE: Please maintain good Risk to Reward, as per your risk appetite.
Triangle Pattern A triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears.
Script = DMART
Time Frame = 1 day
Positional or Longterm Opportunity in DmartGo Long @ 3750.1 for Targets of 4414.3 and 4746.4 with SL 3584.05
Reasons to go Long :
1. On a Weekly timeframe the stock gave Trendline breakout.
2. Also a bullish chart pattern Double Bottom (W pattern) is formed around the support zone marked with purple color.
3. In addition to this, the stock took support from the demand zone where it initially was facing resistance.
BULLISH VIEW ON DMARTMy view is bullish on DMART.
Disclaimer: This is an educational post & not a recommendation.
#Dmart I use support /resistance to find liquidity traps with volume hence "BUY".
Uptrend 👍 🚀
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DMART waiting for Retest around 3500Buy at 3500 for target of 3900
Retest will happen in next 2 to 3 weeks. Wait for buying
Downward Sloping Trendline Breakout Seen in Avenue SupermarketABOUT COMPANY
Avenue Supermarts is primarily engaged in the business of organized retail and operates supermarkets under the brand name of D-Mart.
We have seen Neat & Clean Breakout of Downward Sloping Trendline in Avenue Supermarket(D-Mart). This is a huge breakout, this momentum can take this ticker towards All time high 5323 levels. Price and Action Showing a bullish momentum in it. Volume increment also higher from previous week.
According to this breakout price should move in upward direction very fast. As previously we have seen a gap down, so this breakout has filled that gap up also. All that indicating a price reversal in D-Mart.
All levels i have marked on chart, like entry, target, stop loss, all support, breakout levels etc.
If you guy's like my work then don't forget to hit like and follow me and comment your thoughts on this idea.
Thankyou.
Disclaimer:- This is one of my best stock which i am holding from down levels, and still going to add more here as this is showing clearly price reversal. This is not a recommendation, You guy's do your own research or consult with your financial advisor before taking any position in it.
DMART LongFibonacci Levels
Unfilled Gaps
Previous Support and Resistance
DMART
Buy above 3845
SL below 3731
Targets 3958, 4014, 4071+
***Educational Purpose only***
Dmart waiting for big upmoveDmart breaking out for triangle in weekly chart and currently retesting and forming a triangle in hourly chart. May go to 3750 before going up for higher targets. Keep this in your watchlist
DMART :- Restest of Weekly Breakout. Can see good upside.The stock of DMART has retested the trendline breakout on the weekly chart. It can bounce off towards previous highs. One can expect levels of 4200+ in coming months.
The stop-loss should be placed below 3575.
DMART | Breakout and retest + Excellent area of value for 20%DMART | Breakout and retest + Excellent area of value, Looks potential for 20%
CMP : 3744
SL : 3520
Target : 4570
1:3+ risk reward setup
DMART: Bottomed out and set for rallySet for rally!!
Stock has bottomed out once again near 3400 levels in past month. Consider chart for levels
DMart : Preparing for Up move.
Looks like Dmart is planning to move up again.
Following is the logic of this Analysis
1. Change is Polarity , Resistance R1, R2 broken with Good volumes now this resistance may become support in coming weeks.
2. This Upcoming support is near Fib level.
3. Formed kind of Double Bottom B1, B2.
Expecting it to come at Support level let's see how it goes.
Note : It's just my Analysis which could be wrong too, not any buy and sell recommendation.
DMART - Swing Trade || 5th April, 2023 #swingtrade #stocksAnalysis Criteria Used:
1. Please find the Chart Analysis done for the 2nd April, 2023 and the upcoming week.
2. The analysis for the Swing Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
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* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
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D-MART (Avenue Supermart) AnalysisD-MART has given breakout on weekly chart. Considering it for Good move with upside potential of 10-18%.
Target 1 : 4450 - 4500 Rs
Target 2 : 4800 - 4850 Rs
Disclaimer : The Above shared Content is for information and education purposes only and should not be treated as investment or trading advice. Im not SEBI registered, Contact your financial advisor before any investment.
D-MART (Avenue Supermart) AnalysisD-MART is Coming near to supportive trendline level (3400-3320). it is looking good near to the support line, As 1 Day RSI Level (27) also showing it is in oversold zone. Considering it for short term move with upside potential of 10-12%.
Target 1 : 3850
Target 2 : 4000
Disclaimer : The Above shared Content is for information and education purposes only and should not be treated as investment or trading advice. Im not SEBI registered, Contact your financial advisor before any investment.
DMART - Weekly AnalysisIn the Weekly Chart of DMART ,
we can see that; it has given breakout from Cup & Handle Pattern.
Let it retest.
Expected momentum is shown in chart.
GO LONG FOR DMART .
DMART is ready for up moreBullish Chart Structure,
Higher Lows and Higher Highs formations are clearly visible and it is going to next resistance.
Buy Target : 3843, 3960, 4050+
SL: 3568 (1 day close basis).
Time Frame : 4 to 6 months.
Risk is yours and Reward is too yours totally
