D mart has broken out of the descending triangle if it sustain outside of triangle on weekly candle it can give a bullish move stop loss is mentioned in the chart
DMART is near its weekly demand zone. Quarter results can decide which direction it will go. It is not able to sustain then, 3200-3400 level is next demand zone.
It seems like DMART found a comfortable support at 4000 level and respected multiple times.
Seems like a H&S is forming at support level.
There chances for more downward movement as well
Closing above 4500 can be considered as signal for more upward movement.
Buy dmart at 4000 level target 2 %
Btst better I would say if today target not possible !!!
Plan your risk to reward correctly : if you make loss more today and profit less tomorrow then no point its better not to trade if risk to reward is not good Always approach with mathematical
intuition , analysis , see the big picture , Dont risk today too much...
dmart is under a huge correction from its all time high and some institutes have claimed dmart to be overpriced for now
lets see where the correction stops as it is on a crucial support line. can move either direction from here.
do your study well before trading. CHEERS
After months of downtrend DMART is in accumulation phase between 4000 to 4450. Buy for long term. For educational purpose only. Kindly contact your financial advisor before entering any trade.
Disclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
During a recession, companies that sell low-cost goods tend to outperform those that sell expensive goods on a consistent basis. While the nature of the company's business would suggest that it would be resilient in a downturn, DMART must still deliver on its promises. Groceries account for a significant portion of their revenue, and people will need to eat...
