DMART Looking Bullish above 4440 as on good support level will touch 4500-4550-4600 in coming days
keep an eye on dmart it has formed a good price action pattern and trying to breakout today. other reasons are wide range green candle with good volume and weekly chart is also bullish
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.
Releative Strength is jaust above zero line.....Divergence in RSI and Price.....
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...
Multiday high has broken and retest also done, could be a good buy trade, put your SL at previous days low.
D-mart Flag and pole pattern after head and shoulder pattern breakout.
Avenue Supermart Dmart RSI above 60 on daily basis.
Inverse head and shoulder. Buy above 2950 for the easy target of 3150.
#DMART - Avenue Supermart has formed Inverse Head & Shoulders Pattern in 75M TF. Good long candidate once candle closes NSE:DMART above 2950.