NSE: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.
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HCL Tech is a leading tech company that has been making headlines recently due to its impressive performance in the stock market. With the stock recently taking support from a disjoint channel on the daily timeframe, investors are beginning to take notice of the potential for a long strategy on this promising stock. In addition to this technical support, HCL Tech...
With Bitcoin trading around a key resistance level and facing rejection from it on the daily timeframe, now might be a good time to consider shorting the popular cryptocurrency. While Bitcoin has experienced some significant price increases over the past year, there are indications that this momentum may be slowing down. With Bitcoin showing signs of lower...
Asian Paints is currently showing strong signs of a breakout on its stock chart, indicating that the company's stock is on the verge of a significant price increase. This is evident across all time frames, from the short-term daily chart to the long-term monthly chart, suggesting that the breakout is likely to be sustained over time.
On the daily chart, Asian...
A lot of news has been going around ITC. It has been sleeping for a long time but the recent price action towards the upside breakout looks promising to push it to its recent highs. It has gathered itself from a good support level of 200 and given a good breakout from the long trendline on a daily timeframe. A good 6% move in barely 7-8 trading sessions suggests a...
Tata Motors has recently seen some correction from its recent highs. It's currently trading around 295 which is quite close to the support level of 285. One can plan to go long around 280-285 levels if some upside move begins. The previous breakout around the same level occurred with good volumes and the stock seems to be ready for a new high after moving sideways...
India Bulls Housing Finance has been doing well post lockdown and is currently on the verge of creating a new high in recent times. After being range-bound for a long time, it has given a breakout on the upper side with good volumes. It has got a healthy correction (pullback) and taking support on a previous resistance. The breakout has good volumes whereas the...
