DMART looks bullish on the weekly time frame.
It has been consolidating for a few weeks and recently broke the triangle pattern on the upside.
We can measure the mouth of the triangle and measure it from the break line for the target.
We can also consider an all-time high as a short-term target.
Daily and weekly RSI are above 60 and crossing 60, respectively. The monthly RSI is inclining and close to 60.
The volume is increasing as it breaks the trend line.
Even if entering the trade just slightly below the CMP (Current Market Price), it can achieve over 1:3 RRR (Risk to Reward Ratio).
It has been consolidating for a few weeks and recently broke the triangle pattern on the upside.
We can measure the mouth of the triangle and measure it from the break line for the target.
We can also consider an all-time high as a short-term target.
Daily and weekly RSI are above 60 and crossing 60, respectively. The monthly RSI is inclining and close to 60.
The volume is increasing as it breaks the trend line.
Even if entering the trade just slightly below the CMP (Current Market Price), it can achieve over 1:3 RRR (Risk to Reward Ratio).