DMART - Weekly AnalysisIn the Weekly Chart of DMART ,
we can see that; it has given breakout from Cup & Handle Pattern.
Let it retest.
Expected momentum is shown in chart.
GO LONG FOR DMART .
DMART trade ideas
DMART is ready for up moreBullish Chart Structure,
Higher Lows and Higher Highs formations are clearly visible and it is going to next resistance.
Buy Target : 3843, 3960, 4050+
SL: 3568 (1 day close basis).
Time Frame : 4 to 6 months.
Risk is yours and Reward is too yours totally
Long d Mart with the stop loss of 3100 weekly closing basisD Mart has been consolidated a lot and now ready to fly I will suggest to make entry Karan market price for the target of 4500 5500 with the stop loss of 3100
Long DmartLong Dmart with SL : 3700
Target : 4320
Views for Educational Purpose only.
Study before Trade
#Dmart cash : Looks good around 3580-3600#Dmart cash -Positional call
11.06.2023
Looks good buy around 3580-3600
SL At 3540
Target 3740/3840
(Close above 3850 will be Strong breakout)
Cmp 3632
DMART- Bottomed outStock has bottomed at its crucial support and looks to gear up for a bull run atleast upto it's declining Trendline of the triangle pattern where it can face strong resistance. If its able to break the point then Breakout is on fire :)
Strong support: 3336.5
Tgt 1: 3873
Tgt 2: 4374
Tgt 3: 4878
DMART - Intraday Trade Levels || 24th May, 2023 Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 24th May, 2023
2. The analysis for the 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:
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* 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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DMART - You still think Technical Dont workYou still think Technical Dont work, I posted weekly chart earlier for DMART and later it was slightly adjusted. now we have touched bottom edge and bounced
DMARTDmart Showing Sideways Movement Till It Breaks 3720 Mark Once It Closes Above Tht It May Run Near To 4200 For My 1st Target And 4650 For My 2nd Target, Sl Will Be 3190 Do Your Analysis Before Taking Any Trade. Happy Trading
Opportunity to buy DMART at good levelsDMART is trading in a previous accumulation zone, a breakout on top side may start a rally towards 3580 levels.
It is trading close to its 52week low levels.
Stop loss can be considered as 3270 level on daily closing basis.
Please do your own study before entering any position.
dmart share analysis dmart share elliot wave analysis
this stock wave a,b,c in downtrend and start a new trend upside
Long-Term Investing in Supermarket GiantNSE:DMART
Avenue Supermarket, better known as Dmart, is a household name in India and one of the largest retail store chains in the country. With the biggest land area in terms of retail store chains, Dmart has become a go-to destination for consumers across India. In this blog, we will analyse Dmart's stock and make a case for going long in the company.
Strong Fundamentals
Dmart's financials have been strong over the years, with the company's revenue line increasing year on year. The company has consistently generated healthy profits, thanks to its efficient supply chain management and a strong focus on cost control. This has resulted in a healthy return on equity (ROE) and return on assets (ROA) for the company. Moreover, Dmart's debt-to-equity ratio is low, indicating a conservative approach to borrowing.
Crucial Support Levels
From a technical analysis perspective, Dmart's stock is currently trading at a crucial support level on a daily as well as weekly time frame. The stock has been in an uptrend since 2018, with intermittent corrections along the way. The current support level is significant as it has not been tested in a long time. This suggests that there is a strong possibility of the stock bouncing back from this level.
Moreover, Dmart's stock has been showing bullish signs on multiple technical indicators. The stock's Relative Strength Index (RSI) is currently oversold, indicating that the stock is due for a reversal. The Moving Average Convergence Divergence (MACD) indicator is also showing bullish momentum, with the MACD line crossing above the signal line.
Favourite Household Name
Dmart's strong brand recognition and market position make it a favourite household name in India. With a reputation for quality, low prices, and a wide range of products, Dmart has created a loyal customer base. The company has also been expanding its product offerings, with a focus on private label brands. This has helped Dmart differentiate itself from its competitors and has contributed to its strong financials.
Overall, Dmart is a strong buy for long-term investors looking for exposure to India's growing retail market. Its strong fundamentals and technical outlook make it an attractive investment opportunity. With the stock currently at a crucial support level and showing bullish signals on multiple indicators, now could be an ideal time to go long on Dmart's stock.
DMART AT GOOD SUPPORTDMART trading at good support
3300 to 3400 is good buying level for long term
fundamentally strong stok
educational purpose only
AVENUE SUPERMARTSNSE:DMART is a very good fundamental company with strong management.
on daily time frame after a sharp fall, Smart has made 2 reversal patterns one is bull slush and second is morning star respectively.
one can bought this stock for short term target of 4218 and mid term target of 4602
DISCLOSURE : I have this company in my portfolio
DMARTIn the Weekly chart of DMART ,
We can see that, either it will shown and upward momentum by breaking 3600 in W Pattern
or
Trend can change from 3200-3250 levels.
Lets see at what levels it forming a price action for upward trend.
If you enter in DMART, hold and go long for 4500-4600 levels.
Dmart - High PEHad recently shared a short on this stock...but with the Adani crisis where a high PE stock has collapsed this one could go along with it too..
The freefloat here too wasn't the highest and post a correction of close to 30% the stock is in peak downward momentum yet still trades at a 96PE.
With a negative result which gave a gapdown expect a further fall here too. The stock makes for an interesting short below 3475 (but there is no instrument to short it except intraday). But for those that hold the stock..pls be cautious..
The only flipside reasoning for it to do well is its a darling of many domestic mutual funds so maybe a couple fund managers choose to absorb the downside pressure but otherwise the stock doesn't warrant a 100 PE multiple for sure.
Pilot Position for DMARTNSE:DMART
Dmart at support can be added with a tight SL for short-term gains.
intradayconsolidation which is good.
have both side potential .
you can enter in box breakout
200ema target for upside and downside target also marked
Breakdown in Avenue Supermarts Ltd...Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Dmart - Gapdown Its a stock not available to easily short but if you can intraday short tomm it could make for an interesting short.
Short below 3645 with SL above 3665.
There is a gapdown on result and breakdown which leads to interesting intraday opportunities in a weak market.
ps: Such trades have to be closed intraday..
