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AVENUE SUPERMARTS LTDAVENUE SUPERMARTS LTDAVENUE SUPERMARTS LTD

AVENUE SUPERMARTS LTD

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DMART trade ideas

Is the fall over in Avenue Supermarts Ltd (DMART)?Price is moving in a broadening wedge pattern which is also known as expanding diagonal. All the sub waves are 3 wave structures which are usually found in ending diagonal in wave 5 of an impulse or wave C of a correction. Currently price is in sub wave 4 of the primary wave 5 which is going to end somewhere near 3900 level. Wave 5 should end near 7700 level which is also the technical target for the classical saucer pattern. All the illustrations are self explanatory. More than 90% gains potential from CMP in medium term. What you see here in the chart is just the tip of an iceberg, all the hard work cannot be shown. If you are getting benefitted from my hard work then showing gratitude won't cost you a dime. It can definitely motivate me to publish more charts which will benefit you further. Do your own due diligence before taking any action. Peace!!
NSE:DMARTLong
by Swastik24
1
DMART S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:DMART
by zenthosh
Avenue Supermarts Ltd Target > Refer Fibonocci SL - 4733 FUNDAMENTALS Market Cap ₹ 3,43,262 Cr. Current Price ₹ 5,275 High / Low ₹ 5,449 / 3,616 Stock P/E 129 Book Value ₹ 287 Dividend Yield 0.00 % ROCE 19.4 % ROE 14.5 % Face Value ₹ 10.0 Price to book value 18.4 Intrinsic Value ₹ 971 PEG Ratio 5.63 Price to Sales 6.48 Debt ₹ 592 Cr. Debt to equity 0.03 Int Coverage 61.8 Reserves ₹ 18,047 Cr. Promoter holding 74.6 % Pledged percentage 0.00 % EPS last year ₹ 39.0 Net CF ₹ 130 Cr. Price to Cash Flow 125 Free Cash Flow ₹ 24.0 Cr. OPM last year 8.08 % Return on assets 12.8 % Industry PE 64.4 Sales growth 18.6 %
NSE:DMARTLong
by madhu2811
Dmart- Bullish Swing-Will ascending channel continue its path? NSE:DMART 20.08.2024 Buy- 5090 Target-5275 Stop Loss-4883 Risk Reward-1:1 Price is creating multiple HH & HL after a good breakout in March 2024 Price is again approaching all time high which has previously reached in 2021. 1.Breakout- Inside bar 2.Trend- Upward range 3.KeyLevel- Bounced from Key support level 4.Volume- Good volumes in breakout candle in last few sessions 5. EMA- 21 EMA Rejection & price above 50 EMA 6. RSI- Bullish indication
NSE:DMARTLong
by Swinging_Inside_the_BAR
2
DMART - Momentum is building for upside move - Time to go LONG!DMart looks like it has bottomed out, presenting an opportunity for a long trade with a tight stop loss in place! Trade Idea Explanation: - Entry Point: Best around 4300+ - Stop Loss: Tight SL to 4100 on closing basis of D tf candle - **Target:** Expecting a significant upside around 5900++ Stay updated for further insights and trade safely! If you have liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recomendation. This post is meant for learning purposes only. Please, do you due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:DMARTLong
by SuperNova396
DMART now on Moon and getting ready for MarsThe accumulation phase of Tata Investment Corporation Limited shares indicates a strong belief in the company's potential for future growth and returns. The company’s solid financial performance, strategic investments, and affiliation with the Tata Group make it an attractive investment. Investors looking for a balanced portfolio with potential for steady growth and regular income may consider TataInvest as a viable option. However, it is essential to conduct thorough research and consider individual investment goals and risk tolerance before making any investment decisions.
NSE:DMARTLong
by IITIAN_TRADER