ABOUT COMPANY Avenue Supermarts is primarily engaged in the business of organized retail and operates supermarkets under the brand name of D-Mart.
We have seen Neat & Clean Breakout of Downward Sloping Trendline in Avenue Supermarket(D-Mart). This is a huge breakout, this momentum can take this ticker towards All time high 5323 levels. Price and Action Showing a bullish momentum in it. Volume increment also higher from previous week. According to this breakout price should move in upward direction very fast. As previously we have seen a gap down, so this breakout has filled that gap up also. All that indicating a price reversal in D-Mart. All levels i have marked on chart, like entry, target, stop loss, all support, breakout levels etc.
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Disclaimer:- This is one of my best stock which i am holding from down levels, and still going to add more here as this is showing clearly price reversal. This is not a recommendation, You guy's do your own research or consult with your financial advisor before taking any position in it.
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On the Daily time frame it is showing clearly after giving huge breakout (Avenue supermart) has retested the levels and given a proper entry level, now we can call this was a healthy breakout. Now sky is the only limit.
@mail2hari62, Start accumulating from here to 3700. because market has bullish again might be it will take u turn from here..but i will suggest to start accumulating