DmartDmart - Cmp 2802
Can long at cmp with sl 2600 on closing basis.
Reason:
1. Morning star candle forming at the base of the downtrend near support area.
2. Positive divergence.
DMART trade ideas
Avenue SuperMart for IntradayKeep the levels on check for tomorrow. May break the trendline and move upside.
Double Bottom Swing StratgyUse 44 MA which shows rising Trend
Find Double Bottom
Target should be ( Resistant - Support ) X 2 + Resistance
Stoploss : Bottom of Candle at Breakout and bottom of candle at bottom
Head and ShoulderView: Bullish
First shoulder and head done, again stock moving to create shoulder.
Also spinning top is created at support level so its confirm sign stock will
be moved at least 8%.
Avenue Super Mart LongFormed a Doji candle at support line.
20% correction from its High. Quality Stock.
Holding period minimum six months and expected return is more than 15%.
DMART : Last opportunity to go for long!DMART is looking for great buying opportunity to take the move to the upside & has the high probability to reach at 3600.
DMART - WEEKLYDmart has a history of making double bottoms on weekly charts. The current situation looks similar and I hope this should turn from here.
According to the DOW theory, the latest higher low comes to 2600 approx which is not yet broken so the Trend is up.
Dmart Cmp 2717 dated 22.4.2021Dmart Cmp 2717 dated 22.4.2021
1. Rectangular Breakdown below 2700
2. Trendline Breakdown also below 2700
3. RSI already breakdown.
Sell below 2700 for tgt of 2600-2500 SL 2775
It is just a view, pls trade at your own risk.
Analysis of AVENUE SUPERMARTS for Short Term Investment.-Daily Breakdown in Darvas Box
-Lockdown Fear negative of stock
-Sell Below 2770
-Target 2700/2600/2500/2400
-Stoploss 2895
DMART - WEEKLYThe typical investor's stock is taking support at 32% retracement on the weekly and if you closely observe this is a higher low as per DOW theory and candles are showing some signs of support here.
One can go long with stop below the previous higher low i.e near 2600 or so on weekly charts.
This is not a momentum pick, it is a kind of investment pick for long-term guys.
Dmart double bottomTarget 3070
SL 2885
Thought this target seems low but double bottom
means end of down move in this uptrend stock.
DMART : Looking for long opportunity!DMART is looking for great buying opportunity & to make some decent amount of profit.
Short Dmart Short Dmart Stoploss 2935 target 2630
Study: Breadown from Trend Continuation Pattern (Flag Pattern)
AVENUE SUPERMARTS3228 RESISTANCE LEVEL.
2735 STOP LOSS based on SUPPORT LINE.
2800 STOP LOSS based on 200EMA LINE.
.
TECHNICALLY its BULLISH view because of trading above 200EMS on 4Hrs timeframe. Since 19th OCT 2020.
FUNDAMENTALLY not recommended for Long term holding because now P/E ratio is 193.30 below (24 P/E) safe. So it's a highly expensive stock for long-term investors.
DMART - RSI Positive Divergence - BreakoutDMART trend on daily chart stock has formed an RSI positive divergence and close to breakout, we can get bullish move can happen in 2-3 days.
Dmart Bearish ViewA bearish view can be seen on Dmart as it has broken the rising wedge pattern and had given break of a support region with good volumes can short in intraday. Next support can be seen at 2700 levels.
Avenue Supermarts - Feeling the pressureIt has moved below 50 EMA with volume. Next support is at 200 EMA. Also there is an RSI Divergence.
DMART Looks weak below 2900might take from support from here. Need to keep an eye on a closing basis
