Dmart :) Ready For Blast
Trading above 200sma
Company is almost debt free.
Company has delivered good profit growth of 43.76% CAGR over last 5 years
Profit Var 3Yrs: 39.6 %
Sales growth 5Years: 31.0 %
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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.
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Why 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...
Bullish 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...
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
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
