DMART trade ideas
DMARTDmart
Will it respect the Trendline and go up or will go on to make a head and shoulder and go down ... awaiting direction signal ...
Gap in DMartI am finding lot of gaps in various counters and they have been honored.
I expect this gap also to be filled sometime in near future
#DMART (Study Purpose only)Divergance
1. As can see market has corrected aorund 10% from its top and this stock shows significance strength.
2. Its now above 200 DMA and 50 DMA.
3. Only stock to buy this stock is major resistance at 1530.
4. As step declining market this stock stairs up with perfect figure which most attract me and doubting Institutional might accumulating in it.
5. If its break 1530 Resistance it may test 1680 So 100 rs profit can be reasonable for me.
So play is simple.
1. Buy above 1530 if any revers able candle stick will not formed.
2. Keep SL 5 %.
3. Target 1680 if sustain and identify any + sign then keep trailing SL.
Dmart buy 1455-1475 moving out of triangle, with all higher highs and higher lows, and moving out of triangle with volume and RSI conviction
Should retrace back to 1455-60 levels and can zoom higher.
DmartI can't believe I would ever see this in such a stock that has run up so much but seems the stock is ready for it's next in it's journey going ahead! The stock is in its own mood and will not bow down to any correction in the markets or even for bull markets! Can be considered for a good buy and hold
