Buy @ CMP , Sl @ 1595 , Target @ 4000
Q4FY22 result:
V-Mart’s results were a mixed bag wherein revenue was below our estimates while profitability was better than anticipated.
On a favourable base, revenue grew 30% YoY to ₹ 458.8 crore. Newly acquired 74 Unlimited Stores in September contributed 16% to Q4 sales.
Gross margins improved 510 bps YoY to 34.9% owing...
VMART has retraced to 2/3rd Levels from its ATH and currently forming its potential right Shoulder on long term charts with neck line at multi month Support area. VMART has also established reversal as it could build momentum in primary uptrend channel. This hints that price can reach and test long term 1/2 retracement zone in near term with targets of 2473.45...
When Indices are making new highs, it is going down. There seems no chance of going it up significantly before August 2024. It will bounce back either after touching lows made during COVID Lockdown or it reaches to its 2014-2017 levels.
Go Long above 2184.1 for Targets of 2874.25, 3334.35, and 3564.4 with SL 1954.05
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish...
Hi All, good opportunity to enter long for short term trade on break out from flag pattern for VMART.
Key Points:
1. Formed flag pattern
2. Showing strength on strong volume
3. Good risk and reward
VMART:- Trendline + Resistance is going to give breakout, wait for proper breakout
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...
Expecting turnaround on long term basis in VMART.
Trend Line Support, Consolidation and Recent breakout in volume
Disclaimer: View for Educational purpose only and not to be taken as any trading or investment advice.
