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 trade ideas
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.
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.
DMARTDMART :- The stock has given a breakout after 2 years. Keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
DMART Swing trade update **Title:** Swing Trading Buy Call for DMart
**Description:**
This analysis focuses on DMart, identified as one of the top stocks for swing trading due to its market trends and technical indicators¹. The stock has been showing a strong uptrend, making it a suitable candidate for a swing trading buy call.
**Key Points:**
- **Liquidity**: DMart has high liquidity, which is essential for swing trading as it allows for easy entry and exit without significant price impact¹.
- **Technical Analysis**: The stock has been consolidating in an ascending triangle pattern, indicating a bullish sentiment⁴. A weekly closing above the resistance level of 4200 suggests a potential breakout and continuation of the uptrend⁴.
- **Indicators**: The combination of Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicates a strong buy signal when used together¹.
**Swing Trading Strategy:**
- **Entry Point**: Consider buying when the stock's price action closes above a significant resistance level, such as 2084, as indicated by recent chart patterns².
- **Target and Stop Loss**: Set a clear target and stop loss based on the chart's technical analysis to manage risk effectively².
- **Market Conditions**: Always align trades with the overall market direction and be aware of any macroeconomic factors that could influence the stock's performance.
**Interpretation:**
Given DMart's current technical setup and market behavior, it presents a compelling buy opportunity for swing traders looking for short to medium-term gains. The stock's trend analysis and liquidity make it a prime candidate for a swing trade with a well-defined entry point and risk management strategy.
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Please note that this description is based on general swing trading principles and should be tailored to the current market analysis and individual risk tolerance. It's always recommended to perform your own due diligence before making any trading decisions¹.
DMART | Investment Pick📊 Details
Avenue Supermarts is primarily engaged in the business of organized retail and operates supermarkets under the brand name of D-Mart.(Source : 202003-01 Annual Report Page No:111)
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
Dmart is ready for another rally-ready to break triangle
-keep eyes on volume at the time of breakout
-big players are building position slowly slowly
-below there is a very strong support zone which it cannot break easily
-current closing is also very strong above 4000 level a psychology resistance zone
DMART WEEKLYstock gave a strong breakout on weekly time frame many time got reject on 4000 level finally stock close above 4000 with strong candle will se good upmove in stock in upcoming days
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per trade and per day
3: believe to your analysis
4: stay positive and keep patience
technical analysis + money management+ physicalogy = successful trader
pls like and share
Amazing breakout on Weekly / Daily Timeframe - DMART
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
PS: People who missed my first BO level, can re-consider this BO level when a proper candle close is seen in Daily TF.
DMART: Potential Long swing tradeSwing Idea: Potential swing trade for 500 point
Attempting breakout of two levels after downtrend:
Trendline breakout.
double bottom with ascending triangle breakout.
Taking support on moving average.
Daily and weekly RSI >= 60.
Note: This is just for analysis purpose, please do your own research before punching any orders.
REVERSAL IN AVENUE SUPERMARTSAvenue Supermarts is BULLISH on Monthly timeframe and has changed its price structure on Weekly timeframe which gives a strong conviction that it is going to test its ATH once again. There is a scope of accumulation if it is available at a discounted price between 4200 and 4300 . The idea will be invalid below 4000 . The targets are crystal clear according to price action. Hourly timeframe should be followed for a good entry with a minimum risk for a greater reward.
Big savings & BIG GAINS @ same place ....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 tgts,,, Good lcuk , Happy Trading
DMART - AVENUE SUPERMARTS LONGSuper 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 situations and markets being sideways. When markets change the trend , i plan to increase the allocation.
DMART AnalysisFOR 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 volatile times
5. The risk and reward is favourable
6. The company is quite famous and its promoter i.e, Radha Krishna Damani is multi billionaire
7. This company has been a underperformer for a long time but its trying to change now
8. Its a large cap company and in this volatile times, I am bit inclined towards large cap.
I am going to buy this on Tuesday (as Monday is holiday) with minimum target of 35-40% and then will trail after that.
My SL is at 3834 rupees
I will be managing my risk.