Downward Sloping Trendline Breakout Seen in Avenue Supermarket

ABOUT 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.

Note

On the Daily time frame it is showing clearly after giving huge breakout (Avenue supermart) has retested the levels and given a proper entry level, now we can call this was a healthy breakout. Now sky is the only limit.

Note

Entry Got Triggered

TraderRahulPal

Rahul Pal (TradingView Moderator)
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