BullishBought at cmp 3795 SL 3670 closing target 4800+
Disc : It's not an investment advise to buy or sell
Trade ideas
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.
Morning star on Weekly TFDMART aims to maintain a run rate of 40 store openings per year. The cost per store is increasing due to rising real-estate costs and larger store sizes. The company's CAPEX per store is higher in FY'23 compared to FY'22.
New Products:
The company is testing a new store format called miniMAX, which offers both in-store purchases and store pickup options.
DMart at strong supportDmart at oversold point with strong support at 3515. Can be a good accumulation point with a profit margin of 20% and 5% stoploss
DMART - Weekly AnalysisIn the Weekly Chart of DMART ,
we can see that; it is resting the Trendline and a Decision making Candle is formed.
Enter on breaking its HIGH with LOW as SL.
Falling wedge pattern breakout of Weekly chart of DMARTNice Falling wedge pattern breakout of the weekly chart of DMART.
Buy Above 3990, SL 3750.
NOTE: Please maintain good Risk to Reward, as per your risk appetite.
Triangle Pattern A triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears.
Script = DMART
Time Frame = 1 day
Positional or Longterm Opportunity in DmartGo Long @ 3750.1 for Targets of 4414.3 and 4746.4 with SL 3584.05
Reasons to go Long :
1. On a Weekly timeframe the stock gave Trendline breakout.
2. Also a bullish chart pattern Double Bottom (W pattern) is formed around the support zone marked with purple color.
3. In addition to this, the stock took support from the demand zone where it initially was facing resistance.
BULLISH VIEW ON DMARTMy view is bullish on DMART.
Disclaimer: This is an educational post & not a recommendation.
#Dmart I use support /resistance to find liquidity traps with volume hence "BUY".
Uptrend 👍 🚀
#StocksInFocus
#StocksToWatch
#StocksToTrade
#StocksToBuy
#StocksToInvest
DMART waiting for Retest around 3500Buy at 3500 for target of 3900
Retest will happen in next 2 to 3 weeks. Wait for buying
Downward Sloping Trendline Breakout Seen in Avenue SupermarketABOUT COMPANY
Avenue Supermarts is primarily engaged in the business of organized retail and operates supermarkets under the brand name of D-Mart.
We have seen Neat & Clean Breakout of Downward Sloping Trendline in Avenue Supermarket(D-Mart). This is a huge breakout, this momentum can take this ticker towards All time high 5323 levels. Price and Action Showing a bullish momentum in it. Volume increment also higher from previous week.
According to this breakout price should move in upward direction very fast. As previously we have seen a gap down, so this breakout has filled that gap up also. All that indicating a price reversal in D-Mart.
All levels i have marked on chart, like entry, target, stop loss, all support, breakout levels etc.
If you guy's like my work then don't forget to hit like and follow me and comment your thoughts on this idea.
Thankyou.
Disclaimer:- This is one of my best stock which i am holding from down levels, and still going to add more here as this is showing clearly price reversal. This is not a recommendation, You guy's do your own research or consult with your financial advisor before taking any position in it.
DMART LongFibonacci Levels
Unfilled Gaps
Previous Support and Resistance
DMART
Buy above 3845
SL below 3731
Targets 3958, 4014, 4071+
***Educational Purpose only***
Dmart waiting for big upmoveDmart breaking out for triangle in weekly chart and currently retesting and forming a triangle in hourly chart. May go to 3750 before going up for higher targets. Keep this in your watchlist
DMART :- Restest of Weekly Breakout. Can see good upside.The stock of DMART has retested the trendline breakout on the weekly chart. It can bounce off towards previous highs. One can expect levels of 4200+ in coming months.
The stop-loss should be placed below 3575.
