DMART trade ideas
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
DMART 4HRBullish BAT FORMED AT MAJOR Daily Bat Zone So strong potential reversal zone
ULTRA HIGH VOLUME for going LONG we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR
Low volume shows no interest to the downside from “Smart Money” so prices will not go lower..
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
Price on breaking of ULTRA HIGH VOLUME Candle HIGH with NO SUPPLY i.e place for BUY
Price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
DMART Daily BULLISH BAT ...Ultra high volume down bars - trap of Smart Money , Higher volume-Professionals are buying into the public selling
Professionals have no interest in the downside – low volume.
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
POSITIONAL STOCK ANALYSISMODIFIED TRAGET AND STOPLOSS | WIPRO | COAL INDIA | NTPC | LT | ABFRL | ITC | DMART
DMART calling for SHORTLEASE SEE CHART FOR DETAILS
TARGET 1 : 2100
TARGET 1 : 2050
STOP LOSS : 2230
**These are my personal observations. Please trade at your own risk.**
DMART Long Term stockDMART can be hold for long term as it has formed lower highs. 2000 would have been better but late than never.
Donot buy all at once... buy on every dip... simple terms buy at MACD levels below 30 and at support levels as shown in chart
Look closely at Dmart breaking rangeWatch long term and short term trend line meet, interesting to note moves at these ranges.
DMART Tech. Analysismarket will face resistance at the rate of 2030 to 2018..
but it looks good from the resistance area..
DMART is open for shopping-BUYJULY 07
-bullish crossover about to happen in MACD, RSI -gaining strength.
-sustaining above 50 ema.
-entered the trend channel again with increasing volumes.
TARGET 1 --2480
TARGET 2 --2600
STOP LOSS -- 2270
**These are my personal observations. Please trade at your own risk.**
