Dmart near at their breakout Dmart is going to bullish for next 1 month .
Target - 5000
Resistance level - 4700
Strong support - 4590
Hold for - 1month
Chart pattern - Bullish Pennant
DMART trade ideas
Dmart in triangular patternWe can see dmart coming out of triangular pattern, currently retesting the trendline. Good upside move expected. NSE:DMART
TRIANGLE PATTERN IN DMART Market Cap
₹ 298,336 Cr.
Current Price
₹ 4,605
High / Low
₹ 5,900 / 2,551
Stock P/E
217
Book Value
₹ 196
Dividend Yield
0.00 %
ROCE
12.7 %
ROE
9.45 %
Face Value
₹ 10.0
DMARTTaken resistance near 20 MA. Small bar has absorbed good volume compare to previous days.. Long above 20 MA
DMART - Bullish symmetrical triangleDMART starting from downtrend has accumulated well within bullish symmetrical triangle. if it breaks 4695 support it will go to 4455 and if it sustains above and closes above 4903 it should give a break out, the vol for today (15/12) is good compared with 10 days (252K vs 380k) and delivery is above 49%.
DMART - Watchout for ConsolidationAnother consolidation candidate.
One can trade on the either side of the breakout.
Disclaimer : Trade at your own risk. This is purely my viewpoint.
DMART rejecting 50 EMA with hammer candleDMART rejecting 50 EMA with hammer candle. Good for BUY at current levels and hold till it reaches 1:2 profit. Support from trendline
Swing call for avenue supermart. Educational onlyObserving all the other oscillators and indicators, it is clearly seen that the rsi shows the uptick also the very basics of technical analysis : the candle stick shows the bullish engulfing. So combining all the basic candle stick study, the oscillator study , the trend analysis, the price action and the sentiments it was a very good swing call. Personally captured 12% move in few trading sesh.
Pure Price Action TradeIn this Idea I'm going to share the simple price action trade which I have taken the May month in the stock D-MART.
Before taking any trade a trader must have find at least 3 confluences which align in the same direction so that we have a clear vision of the particular trade either it's a short trade or buy. By doing you are following a number of certain rules that will help you to make your trading emotionless and more disciplined.
For me I'm fan of price action trading which undergoes through Trends, S&R levels, Candlestick pattern, Chart pattern and sometimes EMA also.
In this trade of D-MART the price was facing resistance continuously from Area-1 and taking support from Area-2 at the moment when it broke the support level it made a proper morning star pattern at a very crucial S&R level which I had represented by the purple horizontal line.
Human nature and psychology could never change so this pattern can come again.
At this point we can easily see the confluences-
1)Trend- Reversed
2)S&R LEVEL
3)Candlestick pattern
Entry- 2809
Stops-2668
Targets-3090
R:R = 1:2
-NITIN
Dmart Cmp 4961 dated 10-11.2021Dmart Cmp 4961 dated 10-11.2021
1. Small Ascending triangle Pattern BO @ 4861
2. Volume Increase
Buy for a tgt of 5100-5400 SL 4740
It is just a view, pls trade at your own risk.
CUP AND HANDLE BREAKOUTDmart has shown a breakout of cup and handle pattern . Stock is ready to fly from current level .It has also retested the trend line after breakout .Agood opportunity to enter from current level
BUY-4783 (CMP)
TARGET-4893,4950
SL-4650
AVENUE SUPERMARTSEvery time DMART has went into the consolidation, it breakouts with high volumes. Similarly I expect some consolidation for some sessions and it will again eventually breakout with high volumes. I expect a target of around 5100 in coming sessions keeping SL @ 4920.
This is only for educational purpose act wisely
DMART - AnalysisNSE:DMART
DMART is back on growth expect it to recover back to previous high in few months
Target - 5500
SL - 4560
DMART swing trade ideaStrong upward move after a sharp correction / pullback. Volume is high, macd and stochastic RSI signaling buy.
#Dmart cash : Looks good above 4600.10#Dmart cash -Positional call
26.OCT 2021
Looks good above 4600.10
Stoploss 4400
Target 4950-5000/5500/6000
Cmp 4568.50
DMARTdmart having 4200 as key level
1) horizontal support
2) trendline support
3) 50 DMA support
bounce possible near 4200
DMART finally at buying zone can give 30% returnsI will buy DMART because :
It has been taking support at the trend line .
It has touched the support and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the support look at shorting.
Entry : 4259
Target : 5868
Stop loss : 4090
Dmart uptrend to sideways Dmart is at important support accumulation zone + RSI divergence + ready for retracement along with possible continuation of uptrend
entry: 4510 around
sl = if breacked the support zone then exit
Dont ever take more than 1 % risk
target : 3% - 4% 4650-4700
take with your risk to reward ration and dont have more greed to hold after 4700 if it breaks the higer lower then u might enter again but control your greed and exit with 3-4 % profit
