DMART (AVENUE SUPERMARKET) On breakout.
A Falling trendline breakout in DMart with good volumes, closing above 200 DMA and 61 EMA, and positive divergence in RSI, a bullish candle closing above the trendline and near the upper band of the Bollinger band, all these are seen in the daily time frame, which is indicating a bullish breakout is possible in prices. A double bottom pattern breakout is in the making. Prices can rise at least to 4250 and above that, they can rally to 4350 - 4500. Can be bought if the price sustains between 4150 - 4100 levels in small quantities. SL below 4050 on a daily close basis.
Rahul Pal (Indian Moderator)
(Full Time Trader & Investor)
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(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
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