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 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.
Time for DMART to rally!DMART has broken out of the descending triangle is now all set for a strong rally for the next 2 months!
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..BuyGave a good brekout..out of a trinagle..into new price space...So buy with stop in sight...tgt calculated as per triangle...rule...
Long #DMART #dmart weeklyDMART had long weekly rising base with flat top making it Ascending Triangle pattern in weekly with bullish breakout close, DMART surge in volume indicating buyers stepped in.
Looking to buy at this level and stay in as long as it stays above that level
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.
DMARTA fundamentally strong stock confirming its double bottom pattern. supported by both the key moving averages. Also supported by gud volumes.\
First target = 4080
SL = 3790
it has gud potential for upside . Follow strict SL & Proper RISK REWARD RATIO. This is the only holy grail in the market.
Bullish on DMART Bullish view on DMART
Buy above 4200 (when retest complete)
SL 4080
Target 4800+
Disclaimer -We are not responsible for your profit and loss it's only for education purpose analysis
DMARTDmart possibilities of EW analysis is shown on the chart which had a breakout this week from the trend line and can now for go for completing wave 5 of the smaller degree.
DMARTD MART breakout triangle pattern and create good opportunity for swing trade up to 1:3 + risk reward and this is only for educational purpose
DMART: time to shop?The counter is on its way to complete the VCP, once completed and closed above 4210, you may see a new life in this stock.
Avenue Super mart - Bullish is possible breakoutYou can see a clear VCP forming in DMART.
I expect a strong breakout above 4180
Target as per your convenience - i use FIBO for my targets
Possible levels up to 5900 which was ATH.
DMARTIt is turning up from long term support zone on ratio chart. It can be accumulate as the prices goes up. Buy high and sell higher. No downwards averaging at all.
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.
$dmartno brainer buy as and forget will outpeform your index for sure
close to 200 ema reclaim 21 ema and we keep going
think India overtook china in april in terms of population growth
so people gotta eat shit pray.. hence this is a safe bet after the hammering its got
apologies for the burst of idea's only way to find gems
as for targets look for ath plus 30% time frame a few years
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.
DMART Daily timeframe analysis for long term
NSE:DMART about to breakout 4057 level.
We can see long term move above 4075 with SL of 3850 and can average till 3889.
Major targets levels are highlighted in blue lines.
