Head and shoulders pattern is identified in this stock.
we have a chance of right shoulder formation. keep safe in this area.
price is now near to Right shoulder
on bottom we have a strong support lies at 3550 levels.
if price breaks the neckline we have a support lies at 3550.
multiple times price rejection to topside is observed from 3650 levels, but we have...
According tenth Elliott Wave Theory Price forms a 5 Wave Sequence structure before the major Correction, here we see that we have Wave 1, 2, 3(strongest upmove), Wave 4(correction), are complete.
Currently Price has formed a Quarterly Demand which has its LegOut closed above the EMa which indicates a Strong Buying and Price hasn't violated any Supply which...
With reference to the attached chart, you can easily identify that DMART is at a resistance level and close below that line yesterday. Now it looks like DMART will again tank towards Rs 3300 level for Support level testing. You can also take advantage of it with the following levels:
Entry Below: Rs 3580
Target: Rs 3350
StopLoss: Rs 3670
Note: Please consult...
On the results shaver Dmart down more than 17%
CMP at 3458
PROS:-
1. Forming a hammer pattern at daily support level & trend line.
2.RSI Showing divergence & cross over.
3.MACD also showing strongly cross over.
4. before candles shows some buyers strenght.
risky traders can enter now
otherwise wait for 2 nd candle to close above higher price of inverted...
This chart shoes Crypto cap analysis. Which show market is going in a downtrend and there is no support till zone 850-825.
I think it's gonna take one more dip which can be the last buying opportunity. So be ready for your last chance to grab coin at cheaper price.
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Dmart retracing from trendline
Making Morning star
candle stick pattern daily time frame
breaking out triangle
taking support RSI 40
taken daily time frame previous swing high support
It has made a doji on the top of the chart with declining volumes along with divergence shown on RSI. On the fundamentals part, Revenue, operating profit and net profit has seen a sharp decline along with eps . Also the Price to book value ratio is too high @17.81.
All the key levels are mentioned in chart
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
EURCAD rejected his daily resistance, however, due to the volatility in the overall market, I was not tempted to trade where I would reject it. There was a retest and very clearly confirmed by the rejection of the dma 50 line, eurcad is creating a new HL location and I expect it to drop to 0.68 fib
DMART 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
DMART 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.
