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AVENUE SUPERMARTS LIMITEDAVENUE SUPERMARTS LIMITEDAVENUE SUPERMARTS LIMITED

AVENUE SUPERMARTS LIMITED

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DMART trade ideas

DMART--Head & Shoulders??Head and shoulders pattern is identified in this stock. we have a chance of right shoulder formation. keep safe in this area. price is now near to Right shoulder on bottom we have a strong support lies at 3550 levels. if price breaks the neckline we have a support lies at 3550. multiple times price rejection to topside is observed from 3650 levels, but we have demand zone, it wants to test the demand zone. keep in long side from support levels, if neckline failed to push the price downside we have a continuation from this support levels, upside. If Demand zone fails large sell off is going to observe in this stock.
NSE:DMART
by IIT-Trader
2
DMART one more Upward Impulse Wave about to form. According tenth Elliott Wave Theory Price forms a 5 Wave Sequence structure before the major Correction, here we see that we have Wave 1, 2, 3(strongest upmove), Wave 4(correction), are complete. Currently Price has formed a Quarterly Demand which has its LegOut closed above the EMa which indicates a Strong Buying and Price hasn't violated any Supply which signifies there was a temporary correction which is over and now Price is ready to Shoot above the end point of Wave 3, hence Target derived is Rs. 6000.00 This is a Trade where the reward is amazing against the minimum risk defined.
NSE:DMARTLong
by WavesandZones
DMART - upside potential breakout Stock has been on the contracting cycle for the whole year of 2023, possible breakout in the next 2 months. Possible breakout to 52 week high over the span of the next year 2024 Build positions for the next 3 months which is more than enough time to build a considerable position stop loss - needed if u r a swing trader, but this stock is a long term game key points:- market share competition is heavy among competitors Dmart has become the norm and has considerable foot traffic in all Tier cities. Expansion process is ongoing which will definitely bump up the value of the stock in coming quarters strictly educational and personal note purposes. trade or invest at your own risk
NSE:DMARTLong
by Vikiseetha13
DMART : Booked a profit of 16.79% on the invested capitalNifty is approaching the psychological level of 21,000, which could serve as a crucial inflection point. There is a possibility of a sell-off in the near future due to profit booking by market participants, potentially impacting the overall market. Furthermore, given the current valuation and taking into account the broader macro and microeconomic conditions, I do not feel comfortable holding onto the stock any longer. Therefore, I am opting to book profits at a gain of approximately 16.79% from my average entry levels. While I acknowledge the possibility of a 7% upside move, I am willing to forgo that potential gain given the overall risks associated with holding onto the scrip at this point. I will consider re-entering the stock if the price retreats to the lower end of the channel line, taking into consideration the overall market scenario at the moment.
NSE:DMARTShort
by Sniper-Traders
DMART looks bullishDMART looks bullish on the weekly time frame. It has been consolidating for a few weeks and recently broke the triangle pattern on the upside. We can measure the mouth of the triangle and measure it from the break line for the target. We can also consider an all-time high as a short-term target. Daily and weekly RSI are above 60 and crossing 60, respectively. The monthly RSI is inclining and close to 60. The volume is increasing as it breaks the trend line. Even if entering the trade just slightly below the CMP (Current Market Price), it can achieve over 1:3 RRR (Risk to Reward Ratio).
NSE:DMARTLong
by vikasbhekare