V-MART : Swing OpportunityNSE:VMART is trading in a range after a huge volume breakout. The scrip is now at key support level taking multiple support at the previous resistance (S/R flip). The stock is also forming a descending triangle pattern. The volume is very less on consolidation. One can go long at CMP however this is a little risky bet as there is also one more support level at 3100 levels.
DISCLAIMER : This is not a call. The analysis shared is just for educational purpose. Please do your own analysis with proper risk management before taking your trade. Cheers! Happy Trading!
VMART trade ideas
Positional Trade Setup Short/Mid Term | VMARTNSE:VMART
Seems Like Retracement is going to over now and the uptrend will continue.
On daily chart pattern it just closed above 50DMA and 78.60 level of FIB Retracement.
One can buy from CMP with SL of 3400 and Target of 3585, 3620, 3680, 3730, 3770.....
VMART Long Trend Following Set UpPrice is in a good up trend in the DTF after the consolidation phase, Price made the 1st pullback and up trend continue now again a pullback, 50EMA & 200EMA are in a up ward direction once the price closes above the 50ema in the 75m the up trend should continue.
Enter at or above 3664 (Subjected to price giving a good closing above the 50ema in 75m or 60m)
SL at 3359
TGT at 4051
NOTE This is the same set up as taken in ABBOTINDIA, PLEASE CHECK THIS SCRIPT IN DTF
- Entry date: 10th Aug21
- Entry Price 18380
- SL 17526
- TGT 19494
Price is moving towards my tgt hopefully Monday it should hit my tgt .
VMARTNote:
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Long term Cup and Handle Pattern breakout | VMARTNSE:VMART
VMART already gave long term cup and handle pattern breakout. Now it is under retracement.
1) Today it came to test 1st support level 3238. And closed just above it.
2) In coming days if it goes down to test 2nd support level 3130 then let it be. Do not enter in any buying position.
3) And further if it goes down to test ultimate last support level of 2890-2900 and it get support from this level then there will be good opportunity for short term to long term position. But it it gets support from any of above two support zone which are at 3238 and 3130 then from that level it will be a good opportunity to get long/buy position for short to long term.
VMART - Long term rounded consolidation followed by weekly breakAfter making a weekly closing high at 3172.25 during the week ended 27th August 2018, VMART entered a 3 year long sideways/down period where the stock had its upside capped at 2900 on a weekly basis.
As the chart clearly shows, the stock has undergone a 3 year long rounded consolidation phase between 1600-2900 (ignoring the noise). VMART has managed to break out of this consolidation by giving a weekly closing of 3123 this Friday.
Since the stock has given a text book breakout after a long consolidation, one can invest in this stock strictly for the medium to long term. VMART is a lightly traded counter and one must preferably avoid short term trading in this counter.
Stop Loss : 2930 WCB
Target : at least 30 percent.