Buy At 1520-1510 Stoploss 1450 Target 1675
Reasons for trade- 1.Dmart has broken channel on daily chart
2.Channel break and retest of support at 1460 is done
3.Price has to complete rounding bottom on weekly chart
4. Festivals are coming near so consumer consumption will increase and so profits.
5.Risk Reward 1:2
Dmart form Bearish RSI Divergences on Daily Chart.
Bearish View on stock till 200 sma :
1) D'Mart has faced resistance at zone of 1510 -1530 & downtrend started
2) Dmart form Bearish RSI Divergences on Daily Chart - RSI making low high & price making higher high.. See the chart for visual details
3) RSI taken support at 50 level many times , if rsi...
This is what I can see in D-mart on daily chart.
1. Continuation pattern.
2. Blue line shall acts as support.
3. It has to breach red line to continue the move. Hope it can breach ds on Monday session and close above it
Updated chart from old one drawn in Marc 2019--
Spotted Another wedge type formation. Also tried ABCD pattern... And added Fibo retracement extension.
D seems to be near to 61.8% ...
Lets see if retracement happens.
Sell Near 1455
Reasons for trade -1. Price has resistance at daily channel and 15 minute channel
2. Price formed bearish candlstick pattern on hourly chart
3.daily trend is down
4. Risk Reward 1:3
Sell at CMP 1378 Stoploss 1420 Target 1328-1284
Resons for Trade- 1.Price is taking near to resistance as well as horizontal resistance 2.200 Days EMA resistance at CMp
3.Price is near to 61% fibbo level
4.Risk Reward is 1:1.5