Trade ideas
Possibilities of DMARTNSE:DMART Finally stock break resistance of trendline and goes to bullish territory, now stock ready to upmove. If stock give closing on daily timeframe basis below trendline, take stoplossl and exit.
ENTRY- CMP
TRAGET- 4075
SL- 3800 OR Breakdown trendline
I am not SEBI registered, I am not responsible for any of your Profit/loss with this channel's suggestion. Please Consult your financial advisor before making any investment. I am providing trade views only for educational purpose
DMART - Long for the festive seasonDMART has shown a reversal on the shorter TF and is looking to perform for the festive season. The alignment of this reversal is well suited with Festive season.
Looking forward to some short term upside movement. Even though economy has to crash one day (sooner or later)
AVENUE SUPERMARTS LONG SWING IDEA AVENUE SUPERMARTS is now trading at 3935.85
for now the stock is at the trendline breakout condition.
so the entry is expected between
entry : 3853.00 to 3935.00
respectively .
and the target will be expected
target : 4315.00
this is just an idea for an trade
please do your own analysis .
DMART is giving breakout after a good consolidation.DMART is giving a good breakout after the consolidation for 2 years. The long term Weekly support (trend line) has also been respected. The Resistance (trend line) has also been respected and touched almost 5 times. Now the breakout has happened. Expecting a good up-move after this.
Falling Knife Series- Consolidation of DMARTThis stock has fallen from its high of 5900 & now trading at low 3500 which is a fall of 50+ from its peak. Consolidation has been observed for last few day on different Time Frames. Interesting to see whether it will be able to break shackles to move up or falls further to new low.
Check your own chart, this is only for educational purpose & Not a buy recommendation.
Avenue Supermarts (DMART) is at resistance levelWith reference to the attached chart, you can easily identify that DMART is at a resistance level and close below that line yesterday. Now it looks like DMART will again tank towards Rs 3300 level for Support level testing. You can also take advantage of it with the following levels:
Entry Below: Rs 3580
Target: Rs 3350
StopLoss: Rs 3670
Note: Please consult your Advisor or do your own analysis before taking any trade