DMART Looking Bullish above 4440 as on good support level will touch 4500-4550-4600 in coming days
Forming a base at resistance - can give good returns from here. SL 3260
It has made a doji on the top of the chart with declining volumes along with divergence shown on RSI. On the fundamentals part, Revenue, operating profit and net profit has seen a sharp decline along with eps . Also the Price to book value ratio is too high @17.81.
L O N G T E R M T R A D E SIP TRADE DATE: 20 MAY 2021 INSTRUMENT: DMART TREND: BUY TIME FRAME: DAY CMP: 3027 BUY ABOVE: 3035 STOP LOSS: 3010 TGT 01: 3099 TGT 02: 3135 DISCLAIMER: We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever. Leave a comment...
www.tradingview.com CMP : 3045 TO 3065 SL ON CB : 2900 TARGET : 3098, 3145, 3212, 3297 STRICTLY FOLLOW SL ON COLSING BASES.
EURCAD rejected his daily resistance, however, due to the volatility in the overall market, I was not tempted to trade where I would reject it. There was a retest and very clearly confirmed by the rejection of the dma 50 line, eurcad is creating a new HL location and I expect it to drop to 0.68 fib
DMART has formed price action pattern. Wait for it to break the pattern.
DMart will move much faster now as it has also done retest on triangle pattern and after high breakout this will be leading the FMCG sector Follow me on twitter for more charts which is on my profile page
DMART is looking bullish for a positonal trade. Giving a breakout with high volume then retesting the same levels and 20 EMA.
BUY RANGE=2600-2700 STOP LOSS=2335 TARGET= 3000/3200/3500.
Dmart :) Ready For Blast Trading above 200sma Company is almost debt free. Company has delivered good profit growth of 43.76% CAGR over last 5 years Profit Var 3Yrs: 39.6 % Sales growth 5Years: 31.0 %
closed strongly on 1hr candle todays high is a good entry... if its false breakout then todays low is a SL
DMART - 4H PROJECTION SIGNAL