DMART Tech. Analysismarket will face resistance at the rate of 2030 to 2018..
but it looks good from the resistance area..
DMART trade ideas
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.**
Shorting opportunity - DMART testing its major support levelDMART has been testing its long time support level on the daily chart for quite some time now. A good momentum on the downside can lead to a major downfall. A strong bearish candle should be looked for in the coming days.
If the price closes above 2365, this study will stand invalid.
BEARISH TREND BELOW 2290 LEVELSBEARISH TREND BELOW 2290 LEVELS
AS IT WILL BREAK THE LOWER ASCENDING TRENDLINE
IF HOLDS PRESENT LEVELS THEN 2415 / 2488
D-MART STRUCTURE BASED SELL OPPORTUNITYD-MART STOCK HAS MANAGED TO TRADE NEAR IT'S ALL TIME HIGH ON 13-FEBRUARY, 2020 DESPITE COLLAPSE OF 30% IN THE MONTH OF MARCH-2020.
STOCK HAS FORMED AND COMPLETED BEARISH BAT FORMATION AT PREVIOUS STRUCTURE HIGH RANGE (INR 2500 TO INR 2560).
COMBINING ANALYSIS OF STRUCTURE RESISTANCE AT HIGHER RANGE WITH BEARISH BAT FORMATION, TRADERS CAN LOOK TO SELL STOCK AS PER BELOW NUMBERS.
SELL ENTRY: INR 2480 TO 2520
STOP LOSS: INR 2562
TARGET-1: INR 2391
TARGET-2: INR 2310
dmart long. Ascending triangle. Breakout possible any momoentBuy dmart. Ascending triangle is shown. Hold on if you have
in retailing industry this stock is the leaderi don't why people are making technical analysis very complicated. you only need horizontal line and trend line and most importantly observation. in this kind of situation there are very few industry are doing well like retail industry.
Dmart Long , looks beautiful and bullish and strong uptrend Dmart seems in demand and price action is respecting well to SR levels
seems pretty bullish
Avenue Supermarts (DMART) BreakoutThe stock is showing great relative strength and breaking out to new all-time highs as the broader market digests its recent gains. Our upside objective near 2,015 was met in November, the stock consolidated through time, and is now resuming its long-term uptrend. As long as prices are above 2,015, then the bias is higher towards 2,565 over the next 1-3 months.
Awaiting for Triangle Breakout of AVENUESUPERMARTSTriangle breakout opportunity for AVENUE SUPERMARTS on weekly charts, consider recent good results by DMART. mostly breakout could be upside.
PA powerful Bearish QM pattern in DMART Daily chartsI see a very powerful Price Action Quashimodo pattern in DMART Daily chat.
I think, it may retrace to targets T1, T2 & T3 in near future.
Let me know your thoughts....
DMARTDmart
Will it respect the Trendline and go up or will go on to make a head and shoulder and go down ... awaiting direction signal ...
Gap in DMartI am finding lot of gaps in various counters and they have been honored.
I expect this gap also to be filled sometime in near future
