Inverse head and shoulder. LongInverse head and shoulder. Buy above 2950 for the easy target of 3150.
DMART trade ideas
#DMART#DMART - Avenue Supermart has formed Inverse Head & Shoulders Pattern in 75M TF. Good long candidate once candle closes NSE:DMART above 2950.
A Strong Support and Consolidation D-Mart had touched 3000 Points Last month but then it had fall of around 250-300 Points
Trend is A good sign so No worries if you start accumulating D-Mart
One of the Main Reason Behind this Fall is The increasing number of Covid Patients in India
But as it has shown a Good Support, you can Accumulate it with Stoploss
I'd Suggest the Target of 3000 Again ( Not for Intraday)
DMARTAll the key levels are mentioned in chart
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Good for Long view and SIPStatistical Brief
Market Cap₹ 188,677 Cr.
Current Price₹ 2,913 High / Low₹ 3,330 / 1,900
Debt to equity0.03 EPS₹ 14.8 ROCE20.4 %
ROE15.5 % ROE 3Yr16.8 % ROE 5Yr17.3 %
Return over 1year40.9 % Return over 3years27.6 % Return over 5years%
Profit growth-21.6 % Profit Var 3Yrs39.6 % Profit Var 5Yrs43.8 %
Promoter holding75.0 % Pledged percentage0.00 % Return on assets14.6 %
Stock P/E197 Industry PE85.3 CMP / FCF-469
Current Resistance @ 3140 Trend Positive
Target - First 3322 Target - Second 4800
Support 2645 Pattern Higher-High
Expect uptrend to continue
Previous Close as on Thursday, April 1st, 2021: ₹2,912.70
Buy at: ₹2900
1st Target Price: ₹3005
Stop-Loss: ₹ 2750
Duration: Within 1 week
Not guaranteed as the stock market is subjected to market risks. These calls are based on my own research and are meant for paper trading. Please do your own research if you are interested in investing or trading in the stock market.
DMART BUY IN DAILY www.tradingview.com
CMP : 3045 TO 3065
SL ON CB : 2900
TARGET : 3098, 3145, 3212, 3297
STRICTLY FOLLOW SL ON COLSING BASES.
LONGBROKE TRENDLINE BUT COULD NOT SUSTAIN
FRESH BUY ONLY 2940 ...T1 3009 ,T2 3128 RISKY TRADER MAY ENTER AT 2895 FOR 2924
DMART ON COMING ON SUPPORT DMART WITH GOOD FUNDAMENTAL IS COMING NEAR DEMAND ZONE KEEP IN WATCH LIST TO ADD IN FOLIO WHEN IT GIVES DIP
DMart triangle pattern breakout and retestDMart will move much faster now as it has also done retest on triangle pattern and after high breakout this will be leading the FMCG sector
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DMART seems to come out of box.D Mart seems to come out of the box as per box strategy. Go long with stop loss of 2514.
DMART bulish swing setupDMART is looking bullish for a positonal trade. Giving a breakout with high volume then retesting the same levels and 20 EMA.
Head and Shoulder pattern in Dmart AvenuesHead and Shoulder pattern formation in Avenues Supermart, this is a sign of weakness and we need to observe the stock for Treand-line breakout. The stockhoverever in Trading in Bullish mode because of past prices and its also above 200 DMA. We can take entry after Trend-line breaks
Dmart :) Ready For Blast Dmart :) Ready For Blast
Trading above 200sma
Company is almost debt free.
Company has delivered good profit growth of 43.76% CAGR over last 5 years
Profit Var 3Yrs: 39.6 %
Sales growth 5Years: 31.0 %
DMART Breakoutclosed strongly on 1hr candle todays high is a good entry... if its false breakout then todays low is a SL
November 2020 studyRisk Disclaimer:
All information herein is for your educational purposes and not a financial advice.
You are hereby advised to carefully consider your investments, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Dmart, right time to buy or avgWhy Dmart was going down
~ Avenue Supermarts closed a fully mature store located at Mira Road in Aug’20 and converted it into a dark store, which can be further used as local fulfillment center, from where E-Commerce deliveries can be fulfilled
~ This is for the first time since Avenue Supermart’s IPO that any store is closed.
~ The reason behind company’s strategy to turn a fully operational store into dark center is still unknown
~ This has created a room of consciousness and uncertainty among institutional investors about company’s changing strategy.
- Price has factored in , now it should move upward
Technical- follow the details on chart
buy at 1980-2000, target 2200, 2400
