NSE: DMART Below 1364 might touch 1157 in short term
Since December 19 to January 11 stock was trading between 1696 to 1501
After performance numbers declared during weekend, today's sell off with huge volume shows more downside
The weakness in chart might built up further and can push price lower to 1157 level in coming days
Going forward 1489 will act as strong ...
No Real Big Red Candle after a 30% upward move makes me feel like Dmart chart is printing a bull flag.
Setup Void if there is no breakout in next couple of days.
Short term Target on the chart at Resistance.
The chart is very bullish as the market could not subdue it below 1/1 resistance line for long and now it is in strong momentum to gain the loss of bullishness. My target in the short/ intermediate term for D Mart is 1750 and support is at 1230.