Dmart be careful The stock on monthly timeframe is breaking high on closing basis but doesn't seem to be supported by volumes try avoiding creating fresh positions here at 5000 to 5200 levels wait for correction
DMART trade ideas
Sure shot - breakout to BIG MOVES Expecting a move to higher highs, ATTEMPTING TO BREAK OUT THIS LEVELS
rounding bottom patternA good consolidation with the good fundamentals and a valuable founders makes this stock a trust worthy investment.
technical chart suggest good buying above 500 closing as ddaily time frame and target should be 6500 minimum in upcoming months.
DMart-Is the breakout for ATH done?Dmart has been consolidating in an ascending triangle pattern since it had tested its strong demand zone of 3200-3300.
Stock managed to give a weekly closing above the resistance of 4200.
It is a high risk, high growth stock, so trade accordingly. Valuation at current price is not good for investing.
Stock can touch ATH if we see a bullish market again.
DmartBased on price moving and Ema
positions Up move possibility is higher
This is only for educational purposes.
Momentum swing idea|Avenue Supermarts LtdAvenue Supermarts Ltd
venue Supermarts Limited (DMart) is a national supermarket chain, with a focus on value-retailing. We offer a wide range of products with a focus on the Foods, Non-Foods (FMCG) and General Merchandise & Apparel product categories.
Fundamental : strong
Market Cap₹ 2,79,659 Current Price ₹ 4,298 Stock P/E 115
ROCE 20.1 % ROE 16.0 % Debt to equity 0.04
Promoter holding 74.6 % Quick ratio 1.08 Current ratio 3.52
Piotroski score 8.00 Profit Var 3Ys 22.5 % Sales growth 3Years 19.9 %
Return on assets 14.1 %
This is large cap stock with high momentum stock with FMCG sector in trend.
keep in radar. although stock PE is high but their sales is also improving since last some years.
lets how market react and closely watch stock performance.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. This is just educational purpose only. I am not responsible for any profit and loss. Do your own research before investing.
If you like my momentum strategy and ideas than like boost and follow me for more ideas.
Thanks and comment freely
DmartBased on price moving and Ema
positions Up move possibility is higher
This is only for educational purposes.
abcd bullishas dmart is trading near 4740 we can expect an upmove upto 5316 that is d point abcd pattern. also there is inverted head & shouldier pattern thats tg is above d point so 1st tg is 2 nd hns tg
Breakout potential in DMARTHead and shoulder pattern
With rsi above 60
Stock is above all key Ema
Potential bullish move.
Plan of action -
let it sustain above is resistance and plan @ entry 4950 after stock closes above resistance and retest
Target - 5400
Sl- close below 4574 (50 Ema).
#DMART BO in DTF with Volumes Stock was in a UT,
WTF formed a type of Triangle pattern,
Stock gave a BO, and went into consolidation for 70days
DTF Before BO, Volu was Dry
Mindset Calm, BO are sustaining in markets took full position
DMART - heading towards 6000+++NSE:DMART
cmp 4947
gave breakout in march at 4200 which was a good entry point.
was range bound for last 3-4 months and after retesting the BO zone
now heading towards 6000+++
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
DMART, a giant making IHnS (Inverted Head n Shoulder)Very first base of Stage 2
-Making Inverted Head n Shoulder
-Inside bars (Yellow Arrow), indicating consolidating in a range
-YoY EPS growing, with overall stores count in India increasing
DmartBased on price moving and Ema
positions Up move possibility is higher
This is only for educational purposes.
DMART - Is 20% upside from current levels probable?Hi Traders,
This morning my screener filtered 'DMart' among few other stocks. When I looked at it on the weekly charts I found some key info that might be pointing that this stock will likely be heading up.
10 Weeks Volume Analysis
Up volume is over 6 times down volume (more buying than selling)
8 weeks closing Green and only 2 weeks closing Red
Buying Trades Value Rs.9000Cr. Selling Trades Value under Rs.1500Cr. (Less investors are selling at current prices.)
PA operating above 3 months range.
Observation
Usually when a stock's data shows such information most of which is positive, then it is very likely to be heading up. My set up shows it can attempt 5600 level which would be 20% from current level.
While I am documenting this information for my own personal reference and study, I am indeed taking a position in this stock based on the above reasoning.
TradingView strongly recommends that you do your own research when it comes to investing. That is my advice too because you and you alone are responsible for your actions in the Market and in life.
I would be happy to hear any views on this stock or any other and you can feel free to reach me.
All the best
PriceCatch
cup and handle patternsup and handle formation found in weekly chart
ema crossover done and the trend also moving towards bullish side
if the stock sustains 4744 it may become bullish
This analysis is my own idea.
I don't recommend taking trade based on this idea.
Know the market risk before trade.
DmartDmart appears good at the 4540 level.
Based on its movement over the past four months, which has been in the 4300–4925 zone, I believe it has the potential to reach the recent high of 4900.
its only foundation in education. Please communicate with your advisor before to making any financial decisions.
Dmart swing trade
Title: Golden Opportunity at DMART! 🌟
🛒 DMART BUYING OPPORTUNITY ALERT! 🚀
Attention savvy investors! An exciting buying opportunity has just emerged at DMART, one of India's leading retail giants. Seize the moment and potentially reap significant gains as DMART gears up for a bullish trend.
📈 Key Indicators:
Strong Fundamentals: DMART has a proven track record of robust financial performance, with consistent revenue growth and profitability.
Market Dominance: As a key player in the retail sector, DMART has established a strong market presence, consistently outperforming competitors.
Resilience During Challenges: DMART has showcased resilience during economic downturns, demonstrating its ability to weather uncertainties and maintain stability.
Expansion Plans: With plans for continued expansion and diversification, DMART is well-positioned to tap into new markets and revenue streams.
making inverse head and shoulder making an inverse head and shoulder patter if closes above 4900 will cross 5000 with some resisance and will give a fresh Bo and good targetin upcoming june month.
Avenue Supermarts Ltd - DMART - Positional TradeDate : 8-May-2024
Rating : Buy - Positional Trade
LTP : Rs. 4,806.75
Targets: (1) Rs. 5,180 --> (2) Rs. 5,900 --> (3) Rs. 7,577
SL : Rs. 4,450 on daily close basis
Technical View:
• NSE:DMART is in its primary uptrend and was going through it's secondary downtrend.
• After breaking out from its 2.5 years long secondary down trend on 19-Mar-2024, NSE:DMART has started the upward journey.
• After making a new 52w high of 4,890 on 23-Apr-2024, it has taken support at 4,450 on 29-Apr-2024 and again started the upward journey on 30-Apr-2024.
• RSI is trading at 65.32 and MACD is trading at 84.74
• Looking strong from here on.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
Avenue supermart This stock up move as per the below prediction
1.21 Ema above 50 Ema
2.50 Ema above 200 Ema
3.Price above 21 EMA
4.21 Ema retrace
5.Stock in unmoved
5.ROCE >15
6.Debt to equity<1
This is for the educational purposes
Avenue Supermart (Dmart) first stage 2 base-Good Base forming.
-Ema Shakeout (MAU&R)
-Green Vol > Red Vol
-Inverted Head n Shoulder in forming
