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 trade ideas
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.
AVENUE SUPERMART LTD (D-MART)AVENUE SUPERMART LTD (D-MART) (1W)
CMP 3912.15
SECTOR : Retailing
INDUSTRY : Retailing
MARKET CAP : 2,54,234.90 cr.
CATEGORY : Large Cap
PE : 109.01
PEG : 4.51
About Company
The company operates and manages all their stores. They operate predominantly on an ownership model (including long-term lease arrangements, where lease period is more than 30 years and the building is owned by it) rather than on a rental model. The company opens new stores using a cluster approach on the basis of adjacencies and focusing on an efficient supply chain, targeting densely-populated residential areas with a majority of lower- middle, middle and aspiring upper-middle class consumers. The company operates distribution centres and packing centres which form the backbone of the supply chain to support the retail store network.
Avenue Supermarts incorporated in year in 2002 is Mumbai based supermarket chain D-Mart. The company is among the largest and the most profitable F&G retailer in India. It offers a wide range of products with a focus on the Foods, Non-Foods (FMCG) and General Merchandise & Apparel product categories. It has many stores located across several cities in India. The company operates and manages all its stores. It also operates distribution centres and packing centres which form the backbone of the supply chain to support its retail store network.
Business area of the company
The company operates and manages all their stores. They operate predominantly on an ownership model (including long-term lease arrangements, where lease period is more than 30 years and the building is owned by it) rather than on a rental model. The company opens new stores using a cluster approach on the basis of adjacencies and focusing on an efficient supply chain, targeting densely-populated residential areas with a majority of lower-middle, middle and aspiring upper- middle class consumers. The company operates distribution centres and packing centres which form the backbone of the supply chain to support the retail store network.
The key product categories:
• Foods: Groceries, staples, processed foods, dairy, frozen products, beverages confectionery and fruits & vegetables.
• Non Foods (FMCG): Home care products, personal care products, toiletries and other over-the-counter products.
• General Merchandise & Apparel: Bed & bath, toys & games, crockery, plastic goods, garments, footwear, utensils and home appliances.
DMART BREAKOUT TRADE IDEA.DMART has just broken out from a major resistance line on the weekly chart, signaling a potential swing trade opportunity. Traders might consider planning a swing trade with this breakout, anticipating a favorable move in the near future. Stay tuned for potential gains.
THANK YOU.