Buy At Channel Support No Long Advise PlsDMart is one of India’s leading retail chains, operated by Avenue Supermarts Limited. Founded by businessman Radhakishan Damani in 2002, DMart has grown rapidly, offering a wide range of products, including groceries, household essentials, apparel, and personal care items at competitive prices. Known for its efficient business model, DMart focuses on providing quality products at discounted rates by maintaining low operational costs and sourcing directly from manufacturers. With a strong presence across multiple states in India, DMart has built a reputation for reliability, affordability, and customer satisfaction. Its stores are strategically located to cater to middle-class consumers, making it a preferred shopping destination for families. Through its offline stores and online platform, DMart continues to expand and innovate in India’s retail market.
DMART trade ideas
DMART Confirmed with Bearish Cypher Pattern DMART has confirmed Bearish Cypher pattern formation, It has potential to reach to below targets;
Target1: 3558
Target2: 3300
3300 is a strong support if broken on Day time frame then possible following targets;
Target3: 3180
Target4: 2900
Stop Loss: 3785 on Day close basis
SECOND ENTRY INITIATED - DMART FOR YOUEverything is pretty much explained in the picture itself.
I am Abhishek Srivastava | SEBI-Certified Research and Equity Derivative Analyst from Delhi with 4+ years of experience.
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DMARTNSE:DMART
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
DMARTNSE:DMART
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
DMART POSITIONAL CALLPositional Trade in DMART (AVENUE SUPERMART)
After a Big Breakout, do not enter immediately.
Price may directly go to the targets I have placed (which no one can predict)
But based on Gap Analysis, good price to buy will be near the gap.
Entry Zone - 3650 - 3800
SL - 3340 (Closing Basis)
Target 1 - 4260
Target 2 - 5300
DISCLAIMER: Not financial advice. Invest at your own risk.
Bear control: The story of DMARTRecent fall in DMART prices looks like a complete turnaround in the stock's story. DMART is indeed in the business of real-estate more than modern trade. Looks like the upcoming quick commerce players and e-commerce players are eating away the top-line for the company.
On technical charts DMART had a huge selling volume and breaking of all the fib levels about to take a crucial support now. If the upcoming support is broken from 3,200 we can see 2,500 levels too...
JAN'25 results will play a crucial part. As of now this looks neutral on outlook till the upcoming result.
Is the fall over in Avenue Supermarts Ltd (DMART)?Price is moving in a broadening wedge pattern which is also known as expanding diagonal.
All the sub waves are 3 wave structures which are usually found in ending diagonal in wave 5 of an impulse or wave C of a correction.
Currently price is in sub wave 4 of the primary wave 5 which is going to end somewhere near 3900 level.
Wave 5 should end near 7700 level which is also the technical target for the classical saucer pattern.
All the illustrations are self explanatory.
More than 90% gains potential from CMP in medium term.
What you see here in the chart is just the tip of an iceberg, all the hard work cannot be shown.
If you are getting benefitted from my hard work then showing gratitude won't cost you a dime.
It can definitely motivate me to publish more charts which will benefit you further.
Do your own due diligence before taking any action.
Peace!!
DMART LONGDMART - Set ups
MTF Analysis
DMART Yearly Demand Beakout 2790
DMART 6 Month Demand Breakout 3408
DMART Qtrly Demand 3330
DMART Monthly Demand DMIP 3948
DMART Weekly Demand DMIP 3739
DMART Weekly Demand BUFL 3741
ENTRY -1 3741
SL 3644
RISK 97
Taget as per Entry 7421
Points to Gain 1,840
Latest Last Swing High 5484
Latest Last Swing Low 3644
Dmart LongDMART
MTF Analysis
DMARTYearly Demand Breakout 4206
DMART 6 Month Demand Breakout 4588
DMARTQtrly Demand Breakout 4605
DMARTMonthly Demand DMIP 3952
DMARTWeekly Demand 4330
DMARTDaily Demand DMIP 4440
ENTRY -1 4440
SL 4250
RISK 190
Potential Target 6720
First Target Points 5485
First recovery Target Points 1235
Last Swing Low 4250
Last Swing High 5485
RR 7
RR 51%
DMART S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Avenue Supermarts Ltd
Target > Refer Fibonocci
SL - 4733
FUNDAMENTALS
Market Cap
₹ 3,43,262 Cr.
Current Price
₹ 5,275
High / Low
₹ 5,449 / 3,616
Stock P/E
129
Book Value
₹ 287
Dividend Yield
0.00 %
ROCE
19.4 %
ROE
14.5 %
Face Value
₹ 10.0
Price to book value
18.4
Intrinsic Value
₹ 971
PEG Ratio
5.63
Price to Sales
6.48
Debt
₹ 592 Cr.
Debt to equity
0.03
Int Coverage
61.8
Reserves
₹ 18,047 Cr.
Promoter holding
74.6 %
Pledged percentage
0.00 %
EPS last year
₹ 39.0
Net CF
₹ 130 Cr.
Price to Cash Flow
125
Free Cash Flow
₹ 24.0 Cr.
OPM last year
8.08 %
Return on assets
12.8 %
Industry PE
64.4
Sales growth
18.6 %
Dmart- Bullish Swing-Will ascending channel continue its path? NSE:DMART
20.08.2024
Buy- 5090
Target-5275
Stop Loss-4883
Risk Reward-1:1
Price is creating multiple HH & HL after a good breakout in March 2024
Price is again approaching all time high which has previously reached in 2021.
1.Breakout- Inside bar
2.Trend- Upward range
3.KeyLevel- Bounced from Key support level
4.Volume- Good volumes in breakout candle in last few sessions
5. EMA- 21 EMA Rejection & price above 50 EMA
6. RSI- Bullish indication