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DMART trade ideas

Flagpole Pattern : DMART (Avenue Supermarts)NSE:DMART DMART is forming one of the common Technical patterns in its Chart on a daily time frame. The technical pattern here we are talking about is Flagpole. A Flagpole is formed by strong movement in one direction creating the pole of the flag and a pennant shape by converging trendline causing the Flagpole structure complete. This is a continuation pattern that indicates the price can continue in the same direction. The Flagpole can occur either in falling or rising markets. The volume spurts during the pole and consolidates during pennant structure and again raises if the breakout occurs.
NSE:DMARTLong
by Mr_Financial_Literate
Double Bottom Breakout at Dmart#doublebottom #pattern #Breakout (trend reversal) at #Dmart (Avenue Supermarts Ltd) weekly chart. Soon #Dmart Start to #Outperformed #Nifty. What Is a Double Bottom? A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter "W". The twice-touched low is considered a support level. ONLY FOR #educational NOT SEBI REGISTERED. #LEARNEARN (DONT TRUST ANYONE) #nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #kukiinvest #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
NSE:DMARTLong
by Usemerr
Dmart long opportunityNSE:DMART Stock -> Dmart TimeFrame -> Weekly Hello all! Dmart has been consolidating in a flag structure since October 2021, thus forming a flag and pole pattern. It finally broke out of it with good volumes last week. This makes for a good opportunity to go long. There are multiple reasons which strengthen my conviction on going long: 1) The stock has bounced back from 3200 levels which is a good support. 2) The weekly closing is above 50 EMA. 3) The breakout has happened with good volumes. Risk-averse traders can wait for the stock to sustain above 4000 on a daily timeFrame for going long, although accumulation in small quantities can be done. *NOT A CALL*
NSE:DMARTLong
by Traders_Town
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