DMART trade ideas
DMART AT BUYING ZONEOn the results shaver Dmart down more than 17%
CMP at 3458
PROS:-
1. Forming a hammer pattern at daily support level & trend line.
2.RSI Showing divergence & cross over.
3.MACD also showing strongly cross over.
4. before candles shows some buyers strenght.
risky traders can enter now
otherwise wait for 2 nd candle to close above higher price of inverted hammer
SL will be below inverted hammer LOW
Target min 12% from here.
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DMART (AVENUE SUPERMARKET) On breakout.A Falling trendline breakout in DMart with good volumes, closing above 200 DMA and 61 EMA, and positive divergence in RSI, a bullish candle closing above the trendline and near the upper band of the Bollinger band, all these are seen in the daily time frame, which is indicating a bullish breakout is possible in prices. A double bottom pattern breakout is in the making. Prices can rise at least to 4250 and above that, they can rally to 4350 - 4500. Can be bought if the price sustains between 4150 - 4100 levels in small quantities. SL below 4050 on a daily close basis.
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