Dmart, an opportunity for re bounce As per technical chart setup, and current price also on major support, hopefully an upside rally seen in upcoming sessions. add this script on your watch list.
DMART
Dmart , good weekly long tradeDmart , good weekly long trade.
Quick 10% upside it it gives bounce from the current level.
Not for investment as of now, as the stock is ranging
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 RANGE BREAKOUT VOLATILITY COMPRESSIONDmart Given BO on Daily TF
Volumes Increasing
Its VSP type pattern.. Volatility Compression BO
Expecting Good Target
Todays Closing Deciding factor.
Idea Invalid If dynamic Support Broken on Downside
DMART - Momentum is building for upside move - Time to go LONG!DMart looks like it has bottomed out, presenting an opportunity for a long trade with a tight stop loss in place!
Trade Idea Explanation:
- Entry Point: Best around 4300+
- Stop Loss: Tight SL to 4100 on closing basis of D tf candle
- **Target:** Expecting a significant upside around 5900++
Stay updated for further insights and trade safely!
If you have liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recomendation. This post is meant for learning purposes only. Please, do you due diligence before investing.
Thanks & Regards,
Anubrata Ray
Dmart (AVENUE SUPERMARTS) GIVES BRAKEOUT ON DAILY CHART NSE:DMART
Dmart (AVENUE SUPERMARTS) GIVES BRAKEOUT ON DAILY CHART
i will Buy near 4800
with sl 3800
for target of 5950.
risk reward ratio is 1:1
return on capital is 20%
DMart: Ready for new Highs with Bullish StructureClassical inverted H&S Pattern Structure can be seen in this script.
Following points can be considered here before taking any decision:
1. over all Trend is uptrend.
2. Pattern: Bullish IH&S(After healthy Consolidation) Or Inside bar or multiple Resistance BO or Cup and Handle
3. Good Fundamentals
4. over all market structure is also bullish.
DISC: For educational Purposes only. Please consult your financial advisor before taking any position.
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
DMART 1D TRIANGLE BREAKOUTDMART form a Triangle pattern.
Breakout happened in 1D but closely watch today close then we will enter into the trade.
Target 1 ---> 4550
Target 2 ---> 5550
DMARTD MART breakout triangle pattern and create good opportunity for swing trade up to 1:3 + risk reward and this is only for educational purpose
DMART--Head & Shoulders??Head and shoulders pattern is identified in this stock.
we have a chance of right shoulder formation. keep safe in this area.
price is now near to Right shoulder
on bottom we have a strong support lies at 3550 levels.
if price breaks the neckline we have a support lies at 3550.
multiple times price rejection to topside is observed from 3650 levels, but we have demand zone, it wants to test the demand zone.
keep in long side from support levels,
if neckline failed to push the price downside we have a continuation from this support levels, upside.
If Demand zone fails large sell off is going to observe in this stock.
DMART one more Upward Impulse Wave about to form.
According tenth Elliott Wave Theory Price forms a 5 Wave Sequence structure before the major Correction, here we see that we have Wave 1, 2, 3(strongest upmove), Wave 4(correction), are complete.
Currently Price has formed a Quarterly Demand which has its LegOut closed above the EMa which indicates a Strong Buying and Price hasn't violated any Supply which signifies there was a temporary correction which is over and now Price is ready to Shoot above the end point of Wave 3, hence Target derived is Rs. 6000.00
This is a Trade where the reward is amazing against the minimum risk defined.
DMART Daily timeframe analysis for long term
NSE:DMART about to breakout 4057 level.
We can see long term move above 4075 with SL of 3850 and can average till 3889.
Major targets levels are highlighted in blue lines.
Dmart - hold the position and will move once it crosses the 3950DMart > 3950.
Currently hold the position between 3300 to 3950
Buy DMART - Level mark in the chartFantastic chance Risk reward: 1:1. Buy close to 3700 and maintain stop loss.
Risk: 0.5-1 % of your portfolio.
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)
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--Demand zone@3570??This stock is broken the trendline, now approching the resistance.
A strong demand is created while breaking the trendline...
Enter long on retest of the trendline...
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
Long position in DMART on 30 min DMART is looking good for intraday as well as for swing trade with a holding period of max 1 week
for intraday buy above 3445-48, SL - 3420 , TG1 - 3474, TG2 - 3507, TG3 - 3535
and for SWING trade buy above 3445 and can see levels of 3632 with sl of 3415
DMART - Bullish Swing ReversalNSE: DMART is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
