market will face resistance at the rate of 2030 to 2018.. but it looks good from the resistance area..
JULY 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.**
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.
BEARISH TREND BELOW 2290 LEVELS AS IT WILL BREAK THE LOWER ASCENDING TRENDLINE IF HOLDS PRESENT LEVELS THEN 2415 / 2488
CUP & Handle in Avenue Supermart, Target 2800, 2900
D-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...
Buy dmart. Ascending triangle is shown. Hold on if you have
i 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 seems in demand and price action is respecting well to SR levels seems pretty bullish
The 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.