DMART make Triangle pattern on weekly and monthly time frame and gives breakout and retest the level so there is a chance to see up move form here
wait for momentum ( RSI cross 60 )
DMART form a Triangle pattern.
Breakout happened in 1D but closely watch today close then we will enter into the trade.
Target 1 ---> 4550
Target 2 ---> 5550
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.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Hello Traders,
DMART as we can see on the weekly Chart since Nov 2021 stock was in a bearish momentum and finally after forming a proper Descending Triangle Pattern it gave a breakout on Nov 2023 and re-tested on the same trendline and it seems to be a Bull Run from CMP.
CMP of the stock is 3852 and now it can go up to 4100-4130 levels.
Stop loss would be...
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Trading is like riding a...
AVENUE SUPERMART LTD (D-MART) (1W)
CMP 3912.15
SECTOR : Retailing
INDUSTRY : Retailing
MARKET CAP : 2,54,234.90 cr.
CATEGORY : Large Cap
PE : 109.01
PEG : 4.51
About Company
The company operates and manages all their stores. They operate predominantly on an ownership model (including long-term lease arrangements, where lease period is more than 30...
DMART had long weekly rising base with flat top making it Ascending Triangle pattern in weekly with bullish breakout close, DMART surge in volume indicating buyers stepped in.
Looking to buy at this level and stay in as long as it stays above that level
DMART has just broken out from a major resistance line on the weekly chart, signaling a potential swing trade opportunity. Traders might consider planning a swing trade with this breakout, anticipating a favorable move in the near future. Stay tuned for potential gains.
THANK YOU.
A fundamentally strong stock confirming its double bottom pattern. supported by both the key moving averages. Also supported by gud volumes.\
First target = 4080
SL = 3790
it has gud potential for upside . Follow strict SL & Proper RISK REWARD RATIO. This is the only holy grail in the market.
Bullish view on DMART
Buy above 4200 (when retest complete)
SL 4080
Target 4800+
Disclaimer -We are not responsible for your profit and loss it's only for education purpose analysis
Dmart possibilities of EW analysis is shown on the chart which had a breakout this week from the trend line and can now for go for completing wave 5 of the smaller degree.
