Tradernawab

Dmart, right time to buy or avg

Long
NSE:DMART   AVENUE SUPERMARTS
Why Dmart was going down

~ Avenue Supermarts closed a fully mature store located at Mira Road in Aug’20 and converted it into a dark store, which can be further used as local fulfillment center, from where E-Commerce deliveries can be fulfilled
~ This is for the first time since Avenue Supermart’s IPO that any store is closed.
~ The reason behind company’s strategy to turn a fully operational store into dark center is still unknown
~ This has created a room of consciousness and uncertainty among institutional investors about company’s changing strategy.
- Price has factored in , now it should move upward

Technical- follow the details on chart
buy at 1980-2000, target 2200, 2400

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