DMART 4HRBullish BAT FORMED AT MAJOR Daily Bat Zone So strong potential reversal zone
ULTRA HIGH VOLUME for going LONG we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR
Low volume shows no interest to the downside from “Smart Money” so prices will not go lower..
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
Price on breaking of ULTRA HIGH VOLUME Candle HIGH with NO SUPPLY i.e place for BUY
Price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
DMART trade ideas
DMART Daily BULLISH BAT ...Ultra high volume down bars - trap of Smart Money , Higher volume-Professionals are buying into the public selling
Professionals have no interest in the downside – low volume.
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
DMART is open for shopping-BUYJULY 07
-bullish crossover about to happen in MACD, RSI -gaining strength.
-sustaining above 50 ema.
-entered the trend channel again with increasing volumes.
TARGET 1 --2480
TARGET 2 --2600
STOP LOSS -- 2270
**These are my personal observations. Please trade at your own risk.**
Shorting opportunity - DMART testing its major support levelDMART has been testing its long time support level on the daily chart for quite some time now. A good momentum on the downside can lead to a major downfall. A strong bearish candle should be looked for in the coming days.
If the price closes above 2365, this study will stand invalid.
D-MART STRUCTURE BASED SELL OPPORTUNITYD-MART STOCK HAS MANAGED TO TRADE NEAR IT'S ALL TIME HIGH ON 13-FEBRUARY, 2020 DESPITE COLLAPSE OF 30% IN THE MONTH OF MARCH-2020.
STOCK HAS FORMED AND COMPLETED BEARISH BAT FORMATION AT PREVIOUS STRUCTURE HIGH RANGE (INR 2500 TO INR 2560).
COMBINING ANALYSIS OF STRUCTURE RESISTANCE AT HIGHER RANGE WITH BEARISH BAT FORMATION, TRADERS CAN LOOK TO SELL STOCK AS PER BELOW NUMBERS.
SELL ENTRY: INR 2480 TO 2520
STOP LOSS: INR 2562
TARGET-1: INR 2391
TARGET-2: INR 2310