DMART, Moving towards ATHDmart cup and handle pattern breakout done
Moving towards All time high
strong fundamentals
DMART trade ideas
Dmart- Bullish Swing-Will ascending channel continue its path? NSE:DMART
20.08.2024
Buy- 5090
Target-5275
Stop Loss-4883
Risk Reward-1:1
Price is creating multiple HH & HL after a good breakout in March 2024
Price is again approaching all time high which has previously reached in 2021.
1.Breakout- Inside bar
2.Trend- Upward range
3.KeyLevel- Bounced from Key support level
4.Volume- Good volumes in breakout candle in last few sessions
5. EMA- 21 EMA Rejection & price above 50 EMA
6. RSI- Bullish indication
Dmart - Avenue Supermart - Nearing breakoutStrong resistance at 5000-5100 level. Once it crosses this level, and gives weekly closing comfortably above 5200, stock can show strength for breaking its multi year high. Not a reco. Just for self-analysis.
DMART weekly - upside potentialExpecting DMART to going towards 5900 in the next few months as long as 5800 holds on Daily closing basis.
Below are some near term targets that are possible imo within next 2-3months
T1 - 5200
T2 - 5300 and
T3 - 5500
Stop loss will be losing 4800 on Daily closing basis
PS: While the above is my personal opinion, do your own research in case playing with Futures/Options as most traders tend to lose money
DMART - Momentum is building for upside move - Time to go LONG!DMart looks like it has bottomed out, presenting an opportunity for a long trade with a tight stop loss in place!
Trade Idea Explanation:
- Entry Point: Best around 4300+
- Stop Loss: Tight SL to 4100 on closing basis of D tf candle
- **Target:** Expecting a significant upside around 5900++
Stay updated for further insights and trade safely!
If you have liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recomendation. This post is meant for learning purposes only. Please, do you due diligence before investing.
Thanks & Regards,
Anubrata Ray
Dmart (AVENUE SUPERMARTS) GIVES BRAKEOUT ON DAILY CHART NSE:DMART
Dmart (AVENUE SUPERMARTS) GIVES BRAKEOUT ON DAILY CHART
i will Buy near 4800
with sl 3800
for target of 5950.
risk reward ratio is 1:1
return on capital is 20%
DMART LONGAvenue Supermarket on Weekly Support 4700-4400 Its a Weekly BULF Zne - & Daily Demand 4750-4640- Expecting 4700-4600 will act as strong support - upside Target 5400
Dmart chart analysisDmart chart analysis on daily time frame. Please give your valuable feedback and follow if you like my analysis
DMART now on Moon and getting ready for MarsThe accumulation phase of Tata Investment Corporation Limited shares indicates a strong belief in the company's potential for future growth and returns. The company’s solid financial performance, strategic investments, and affiliation with the Tata Group make it an attractive investment. Investors looking for a balanced portfolio with potential for steady growth and regular income may consider TataInvest as a viable option. However, it is essential to conduct thorough research and consider individual investment goals and risk tolerance before making any investment decisions.
DMart: Ready for new Highs with Bullish StructureClassical inverted H&S Pattern Structure can be seen in this script.
Following points can be considered here before taking any decision:
1. over all Trend is uptrend.
2. Pattern: Bullish IH&S(After healthy Consolidation) Or Inside bar or multiple Resistance BO or Cup and Handle
3. Good Fundamentals
4. over all market structure is also bullish.
DISC: For educational Purposes only. Please consult your financial advisor before taking any position.
DMART seems ready for breakoutOn weekly time time frame DMART is at its resistance level. It is testing its level again and again
DMARTlooks good for 4700Good volume and uptrend in election bearish day.
extrenely volatile indian market and be cautious!
consumer stock!
Hold for few days
keep a strict stoploss !
Avenue Supermarts Limited (DMart) is a national supermarket chain, with a focus on value-retailing. We offer a wide range of products with a focus on the Foods, Non-Foods (FMCG) and General Merchandise
& Apparel product categories
Not a recomendation.. Only for study purpose
DMART Q3 Result View, will reach 4000 ? cmp 3800DMART Q3 Result View
DMART taken strong support on weekly chart and yet to bounce from the support.
We can keep target as 3928,3995
Dmart consolidating inside a flag on topA bearish rsi divergence but should take support and make a hidden divergence
entry above 4900 for ATH targets
D Mart4606 is a big resistance hi volume there are chances that demand will bring this consolidation join please discussion Dhoni breakout gone down so then will touch POC
Tringale pattern DMART make Triangle pattern on weekly and monthly time frame and gives breakout and retest the level so there is a chance to see up move form here
wait for momentum ( RSI cross 60 )
💥Avenue Supermarkets💥-Nice Breakout💥Avenue Supermarkets💥-Nice Breakout
Capital to be deployed-20k
Investing Price-4585
Breakout Price-4585
Stoploss-4250
Targets-5216-6480-10560
#dmart #StocksToWatch #StocksToBuy #StocksInFocus #stocks #StockMarket
DMART | AVENUE SUPER MARKET ideaDMART | AVENUE SUPER MARKET
Dmart to test tp2 first before testing the support
DMART 1D TRIANGLE BREAKOUTDMART form a Triangle pattern.
Breakout happened in 1D but closely watch today close then we will enter into the trade.
Target 1 ---> 4550
Target 2 ---> 5550
DMART had a good re-test on Descending Triangle PatternHello Traders,
DMART as we can see on the weekly Chart since Nov 2021 stock was in a bearish momentum and finally after forming a proper Descending Triangle Pattern it gave a breakout on Nov 2023 and re-tested on the same trendline and it seems to be a Bull Run from CMP.
CMP of the stock is 3852 and now it can go up to 4100-4130 levels.
Stop loss would be @3643.
If it breaks the resistance level and sustains at 4130 levels, there is a high probability of further upward momentum till 4400-4580 levels.
This is purely my own Personal Analysis.
If you like my Idea on DMART give your support & also share your thought on the same.
Keep Rocking & Happy Trading. All the best.
DMART IMPORTANT LEVELSAttention dear Traders!
Before you dive into the exhilarating world of trading, where fortunes are made and lost faster than you can say 'bull and bear', remember this: I am not your financial guru, wizard, or psychic hotline. My advice should be taken with a grain (or shaker) of salt, as I'm not a licensed financial advisor
Trading is like riding a rollercoaster blindfolded. It's thrilling, but you never know when you'll hit a loop-the-loop. The stock market is as predictable as a cat on catnip, and past performance is about as reliable as a weather forecast in the Bermuda Triangle. So, don your financial life jacket, do your own homework, and maybe even chat with a real human financial advisor.
Remember,Trading with your money is serious business, but it's okay to chuckle as you read this.
