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VMART RETAIL LTDVMART RETAIL LTDVMART RETAIL LTD

VMART RETAIL LTD

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VMART trade ideas

no fundmental 1. **Price Level 4500 is Crucial for this Stock** 🔵 **4500** is marked as a critical resistance level. Historically, the stock has struggled to break above this mark (indicated by previous points of resistance 1, 2, and 3). Now that the stock has crossed this level, it could indicate a potential breakout or strong upward momentum. This is marked by the blue line and the annotation above stating that the stock has cleared previous resistances. 2. **Marks 1, 2, 3, and 4 Indicate Resistance Points** 📊 Each of these points (1, 2, 3, 4) shows where the stock faced resistance previously and failed to break above. However, with the recent move, these resistances have been cleared, which might indicate a bullish trend. - The blue boxes on the chart represent these resistance levels. 3. **Global Markets Not Supporting the Bull Market** ⚠️ **Caution**: The annotation warns that despite the recent positive movement in this stock, global market conditions are currently not favorable for a broad bull market. This implies that external factors might pose risks to further upward movement. Traders should be cautious. 4. **Support at 3896.70 Level** 🔴 The red line near **3896.70** is identified as a potential support level. If the price pulls back, this level could provide a safety net or area of demand where buyers may step in to push the price up again. Support levels like this are important for managing risk, especially for stop losses or re-entry points. 5. **Volume Spike Indicating a Big Move** 📈 **Volume buildup** is observed over the last month (highlighted near September). This spike in volume is an indication that there is increased interest in the stock, possibly signaling a major move is happening. Higher volume often supports the direction of price movement (in this case, upwards). 6. ** Pattern Formation: Cup and Handle? ☕ There's a suggestion of a **cup and handle** pattern, where the stock's price forms a rounded bottom followed by a consolidation before breaking out. This can be a bullish continuation pattern indicating that the stock might be set for a further upward move after the break In summary: The stock has broken above key resistance levels around **4500**. Volume has been increasing, suggesting interest and a possible big move. However, global market conditions may not fully support a bull market, so caution is advised. If the stock pulls back, **3896.70** could be a strong support. The stock might be forming a bullish pattern (like a cup and handle), but external factors should not be ignored.
NSE:VMARTLong
by investigationofchart
Swing trade opportunity in V-MartV-Mart Retail Ltd. engages in the retails of readymade garments and accessories in India. After making lifetime high of 4848 in Nov 2021, it was in downtrend since then. Now, after 2 years, it has changed its daily and weekly structure from in demand zone and shown potential for upside movement. Also, it has taken support of long-term trendline. On daily chart, its structure is positive and created a double-bottom pattern on demand area which is bullish chart pattern. For swing and positional trade, one can create fresh position in V-Mart at CMP and can add more quantity in dip. SL will be the swing low and targets are mentioned on the chart. For positional (long term) targets are very big. Follow your risk management. Happy trading :)
NSE:VMARTLong
by ProPriceActionTrading
V Mart IndaSSI Live Trading Series Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
BSE:VMART
by Sunstorminvest