DMart
Breaking out of the flag pole after a very long time and it is going to be along with a 5 over 20 monthly SMA
Huge volumes being soon and over 60 percent of delivery
Is it time for large caps?
After a long downside stock Breakout trendline.
Price above Moving averages indicate very Bullish chart set-up.
Go for long if price above today closing price.
Macd Bullish
RSI Bullish
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations.
NSE:DMART Finally stock break resistance of trendline and goes to bullish territory, now stock ready to upmove. If stock give closing on daily timeframe basis below trendline, take stoplossl and exit.
ENTRY- CMP
TRAGET- 4075
SL- 3800 OR Breakdown trendline
I am not SEBI registered, I am not responsible for any of your Profit/loss with this channel's suggestion....
DMART has shown a reversal on the shorter TF and is looking to perform for the festive season. The alignment of this reversal is well suited with Festive season.
Looking forward to some short term upside movement. Even though economy has to crash one day (sooner or later)
Falling Wedge chart pattern Avenue Supermaarts wait for one day stay for trendline 4 time already touch trendline so chance is high break the trendline is break now best of luck
AVENUE SUPERMARTS is now trading at 3935.85
for now the stock is at the trendline breakout condition.
so the entry is expected between
entry : 3853.00 to 3935.00
respectively .
and the target will be expected
target : 4315.00
this is just an idea for an trade
please do your own analysis .
DMART is giving a good breakout after the consolidation for 2 years. The long term Weekly support (trend line) has also been respected. The Resistance (trend line) has also been respected and touched almost 5 times. Now the breakout has happened. Expecting a good up-move after this.
NSE:DMART
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss,...
A fundamentally strong share commonly used by all house holds. as i m user of this store. i may be biased towards this share . but it has given gud break out on Weekly time frame with green elephant candle. sl 3550
target near by 6000
DMART has broken 20/50/100/200 day MA in the last 2 days move and currently at the resistance of 0.5 fibo level
Breaking 0.5 fibo level will give a move up to 0.618 levels (3898)
This stock is broken the trendline, now approching the resistance.
A strong demand is created while breaking the trendline...
Enter long on retest of the trendline...
Stock Clearly show strength with trend line breakout.
Macd Bullish crossover
Dema also indicate bullishness for long.
With small stoploss 3600
Disclaimer this is my personal view for education purpose only.
Plz follow me for more charts.
DMART has given reversal. Fundamentals are strong with increasing revenue and profits QoQ. Stock wasnt impacted during COVID and is expanding its stores.
Technically, it is closer to a strong support. Should reverse.
