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.
DMART trade ideas
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.
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.
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 : Preparing for Up move.
Looks like Dmart is planning to move up again.
Following is the logic of this Analysis
1. Change is Polarity , Resistance R1, R2 broken with Good volumes now this resistance may become support in coming weeks.
2. This Upcoming support is near Fib level.
3. Formed kind of Double Bottom B1, B2.
Expecting it to come at Support level let's see how it goes.
Note : It's just my Analysis which could be wrong too, not any buy and sell recommendation.
DMART - Swing Trade || 5th April, 2023 #swingtrade #stocksAnalysis Criteria Used:
1. Please find the Chart Analysis done for the 2nd April, 2023 and the upcoming week.
2. The analysis for the Swing Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
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D-MART (Avenue Supermart) AnalysisD-MART has given breakout on weekly chart. Considering it for Good move with upside potential of 10-18%.
Target 1 : 4450 - 4500 Rs
Target 2 : 4800 - 4850 Rs
Disclaimer : The Above shared Content is for information and education purposes only and should not be treated as investment or trading advice. Im not SEBI registered, Contact your financial advisor before any investment.