The supermarket king of INDIA can touch that 5k leavel in near time, the stocks is respecting both indicators nicely and volumes look pretty good too and it's DMART you never short of volumes anyway, it's been in dowwntrend and no big gains from Oct 21, make the first tgt at 4500 and next at 4750-5000 and with a tight SL and keep moving ur SL up as the achive the...
Super movement
Super Breakout
Trading plan mentioned in charts and is mentioned for all time frame.
Company is a good large cap company with strong promoters and hence fundamentals are not the issue. Offcourse , the valauation is high but it had always been high with this company.
Purely technical buy .. Invested 50% quantity because of adverse market...
FOR LEARNING PURPOSE
DMART- The current price of DMART is 4297.60 rupees
I am going to buy this stock because of the reasons as follows-
1. Its coming out from a good consolidation
2. The breakout candle is good with great volume
3. Now it has given a break of almost 1 and half years
4. It is showing better relative strength as it stood strong in...
There is pole and flag pattern break in DMart, looks good for longs above 4340 with stoploss at around 3020 levels for the target of 5600 (there may be some resistance at around 4980 levels) then 6200.
--This is for educational purpose only, do your own analysis before investing and do not put more than 5 to 10% of your capital in one stock.
I am not a SEBI Registered analyst whatever I am sharing it's my my personal view before doing any action discuss with financial analyst.
respect your SL if you want save your money for next trade.
Volume build up on daily and weekly timeframe is considerably good.
Symmetrical triangle pattern breakout, wait for retest for conformation.
Note: I do my analysis, do yours before trade.
DMART also in the pack with an increased RS score, in past 4 weeks score has increased from 17 to 25, not much of an increased to say its in momentum (750 stock universe).
But since its near BO, it might take support on 21 EMA and eventually break out of this small base BO and gain momentum.
Low RS score is a caution that I can highlight, not very comfortable...
Dmart price action shows a trend reversal and possible upmove from current levels everything marked on the chart - fundamentally company is growing at a good pace
DMART: The stock showing bullishness in weekly and monthly time frame...Once it cross the resistancne area it is having high chance to go up
CRISIL: In daily time frame stock gave good candle today.It is trading at ATH also coming out of flag pattern
No cal, No tips. Only chart analysis
Avenue super market is showing signs of breakout with a immediate target of 4250 and 4600
1. Volumes have increased over the last 2 sessions
2. RSI well in range
3. MACD is positive
4. Positive news of 2 new stores opening in Andhra and shirdi
Have observed triangle pattern in DMART in weekly timeframe. Will only plan to enter if breaks above 4200 with good candle closing and volume. Stock with good fundamentals consolidating for a while. Will observe how it goes.
Disclaimer: Not an investment advice, just my personal trade diary. Ideas and Views are always welcome as it helps us grow.
![DMART: DMART Near BO [DAILY]](https://s3.tradingview.com/d/dVeVtT6B_mid.png "DMART Near BO [DAILY]")
