Long DMART_Diwali Pick 2023Long DMART
CMP = 3800 , has crossed and retested line resistance
T1 = 4600
T2 = 5600
DMART trade ideas
Dmart stock 4150 breakout leval 6200 target Hi dmart best stock for mutual fund investment
4150 breakout zone
6200 first target
Use your technical knowledge to spot perfect entertainment in day chart swing trade
Thi is uptrend
Dmart is forming symmetrical Triangle patternDmart is in bearish trend from 2 years and fallen almost 40% from lifetime high.
PE ratio is also fallen to 2019 levels.
For a longterm view stock is at discount level and 50% level is at 3250
NSE Stock (AVENUE SUPERMARTS )This stock look good for buying .
After clear breakout and retest we can take entry .
Use stoploss and see the market move.
Check this stock your self also because am not SEBI registered.
Trading in Narrow range from 2 weeksIf breakout and sustains above 3840, can be considered for Long.
Buy Above - 3840, SL - 3713.
NOTE:- Please maintain good Risk to Reward, as per your risk appetite.
A Triangle within a TriangleDmart is up for an interesting move for the coming months , Add it to your watchlist and see how it reacts.
DMART#DMART - is forming a good structure on the weekly chart with new HL and improvement in the relative strength. Start accumulating the stock.
DEMART DEMART looking good. Wait for re-test in weekly time.
buy after first green in weekly candle.
please wait for weekly candle close.
NOTE- Only for Education Purpose.
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DMART showing early sign of triangle breakout If it breaks the triangle, we can easily see 35 to 30 %. keep it in your Rader
DMARTDMART:- triangle pattern breakout
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 - Bullish Consolidation BreakoutNSE: DMART is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
DMART - Breakout after 675+ daysDetailed View about this Breakout:
No.of Resistance: 5
No.of Support: 6
Consolidation Days: 675+ Days
I Post educational chart for 3 Swing / Potential Stocks Everyday.
Check Related Ideas section for more Swing Stock analysis
DMART - Weekly AnalysisIn the Weekly Chart of DMART ,
we can see that, it has halting in same place since 2 weeks.
It might retest the Trendline and then show an up move.
Expected momentum is shown in chart.
BullishBought at cmp 3795 SL 3670 closing target 4800+
Disc : It's not an investment advise to buy or sell
Triangle Pattern Breakout and Pull back pattern Seen in DMARTHello Traders, i have brought another analysis on a pattern breakout which called (Triangle Pattern Breakout and Pull back pattern). Well i have marked and written most of the things on chart, but still i am gonna to teach you here guy's about this pattern so if you see this next time, at least you guy's will be able to trade. So Let's start:-
Q:- What Is the Triangle Continuation Pattern?
Rahul:- The Triangle is a continuation pattern using the concepts of support and resistance and price breakouts. Generally, when prices make significant moves, they go through a period of resting. Usually with a Triangle pattern, the price consolidation period consists of higher lows and lower lows, forming the shape of a “triangle”.
Q:- What Does the Triangle Continuation Pattern Look Like?
Rahul:- Guy's check above the Nifty chart, i have rectified Triangle pattern.
Q:-How to Interpret the Triangle Continuation Pattern?
Rahul:- When the support and resistance lines begin converging, price can burst out of the consolidation area and it is expected that the price action will continue trending in the direction that prices have been moving previously.
Q:- Is Triangle Continuation Breakout Pattern is a Buy Signal?
Rahul:- Yes it gives signal to buy when the resistance line is penetrated to the upside. The signal is generally expected to be stronger if prices have been in an uptrend prior to the upside breakout.
I hope guy's you have learned now about this Bullish Triangle pattern.
Let's Focus on about company:-
Avenue Supermarts is primarily engaged in the business of organized retail and operates supermarkets under the brand name of D-Mart.
Market Cap
₹ 2,46,882 Cr.
Current Price
₹ 3,796
High / Low
₹ 4,602 / 3,292
Stock P/E
103
Book Value
₹ 248
Dividend Yield
0.00 %
ROCE
20.1 %
ROE
16.0 %
Face Value
₹ 10.0
Debt
₹ 643 Cr.
EPS
₹ 36.9
PEG Ratio
4.21
Promoter holding
74.6 %
Intrinsic Value
₹ 958
Pledged percentage
0.00 %
EVEBITDA
64.7
PROS
Company is almost debt free.
Company has delivered good profit growth of 24.5% CAGR over last 5 years
Company's median sales growth is 33.1% of last 10 years
CONS
Stock is trading at 15.3 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 12.6% over last 3 years.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
DMART LONG Dmart in sip and long term accumulation zone.
HOLDING PERIOD- 1-2 YEAR FOR BIG GAINS.
FEW CHECKPOINT -:
1. monthly and weekly rsi not in overbought zone.
2. price above 200 ma
3. similar chart pattern repeating again and its 3rd time.
4. Good fundamental with good results just taking a correction and soon will be ready for long run and newer highs.
5. june quarter sales increased compared to PY june quarters result and if compared previous quarter results are good .
Testing patience of long term investors and without pain there will no big gains.
JUST BUY ON EVERY DIP AND HOLD FOR BIG MOVE AND BIG GAIN.
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Falling Wedge
📌 Symbol/Asset: DMART
🔍 Description: Stock is in a falling Wedge. Momentum may come after breakout !!
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
triangle pattern breakout.Elliott Wave Analysis:-
View 1:- swing trade,
A triangle has formed in the 4th wave Correction wave and it seems to be ready to give an impulse breakout. if it so then the target will be
Target 1:- 4800
T2:- 5150
T3:-6100
Stop loss:-3291
if the pattern had broken up and crossed the 4610 then the stop may be adjusted to 3485.
View 2:-
there may be an alternative view which the triangle may breakout in bottom and it may also go till 2500-2900. we can average at bottom. if long term investor can also think of choosing second view else only 1st view is advisable.
i'm not a SEBI advisor. kindly consider your own analysis before taking the trade or consult your own financial advisor.
whether the correction over in damrt?the correction taken has over to certain level.
the script may start a rise from the CMP (or) the script may give a deep correction and then it may strat to raise.
recent quarter has shown a good results.
there are 2 possibility in impulse and one in corrective way nature. as of now we can go for the buy at CMP and we can average if the price come down.
Disclaimer.
im not a SEBI registered advisor.
this trade setup is my idea and it is not a call or tips.
before taking your trade kindly consult your investment advisor.
Movement to the upside!DMART is looking for long opportunity after forming descending channel. Expecting to reach at 6000 for long term.
