DMART trade ideas
DMART 26/07/21keep an eye on dmart it has formed a good price action pattern and trying to breakout today.
other reasons are wide range green candle with good volume and weekly chart is also bullish
SELL DMART AROUND 3350 TGT 3100/2850 SL ABOVE 3450It has made a doji on the top of the chart with declining volumes along with divergence shown on RSI. On the fundamentals part, Revenue, operating profit and net profit has seen a sharp decline along with eps . Also the Price to book value ratio is too high @17.81.
Dmart Looking Strong On daily Chart......Releative Strength is jaust above zero line.....Divergence in RSI and Price.....
DMART ::: BULLISHL O N G T E R M T R A D E
SIP TRADE
DATE: 20 MAY 2021
INSTRUMENT: DMART
TREND: BUY
TIME FRAME: DAY
CMP: 3027
BUY ABOVE: 3035
STOP LOSS: 3010
TGT 01: 3099
TGT 02: 3135
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
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Long on DAMRTMultiday high has broken and retest also done, could be a good buy trade,
put your SL at previous days low.
D-mart Head and shoulder breakoutD-mart Flag and pole pattern after head and shoulder pattern breakout.
Inverse head and shoulder. LongInverse head and shoulder. Buy above 2950 for the easy target of 3150.
#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.
