DMART trade ideas
dmart long. Ascending triangle. Breakout possible any momoentBuy dmart. Ascending triangle is shown. Hold on if you have
in retailing industry this stock is the leaderi 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 Long , looks beautiful and bullish and strong uptrend Dmart seems in demand and price action is respecting well to SR levels
seems pretty bullish
Avenue Supermarts (DMART) BreakoutThe 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.
Awaiting for Triangle Breakout of AVENUESUPERMARTSTriangle breakout opportunity for AVENUE SUPERMARTS on weekly charts, consider recent good results by DMART. mostly breakout could be upside.
PA powerful Bearish QM pattern in DMART Daily chartsI see a very powerful Price Action Quashimodo pattern in DMART Daily chat.
I think, it may retrace to targets T1, T2 & T3 in near future.
Let me know your thoughts....
DMARTDmart
Will it respect the Trendline and go up or will go on to make a head and shoulder and go down ... awaiting direction signal ...
Gap in DMartI am finding lot of gaps in various counters and they have been honored.
I expect this gap also to be filled sometime in near future
#DMART (Study Purpose only)Divergance
1. As can see market has corrected aorund 10% from its top and this stock shows significance strength.
2. Its now above 200 DMA and 50 DMA.
3. Only stock to buy this stock is major resistance at 1530.
4. As step declining market this stock stairs up with perfect figure which most attract me and doubting Institutional might accumulating in it.
5. If its break 1530 Resistance it may test 1680 So 100 rs profit can be reasonable for me.
So play is simple.
1. Buy above 1530 if any revers able candle stick will not formed.
2. Keep SL 5 %.
3. Target 1680 if sustain and identify any + sign then keep trailing SL.
Dmart buy 1455-1475 moving out of triangle, with all higher highs and higher lows, and moving out of triangle with volume and RSI conviction
Should retrace back to 1455-60 levels and can zoom higher.
