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
DMART trade ideas
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.
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
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