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AVENUE SUPERMARTS LTDAVENUE SUPERMARTS LTDAVENUE SUPERMARTS LTD

AVENUE SUPERMARTS LTD

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DMART trade ideas

DMART : Booked a profit of 16.79% on the invested capitalNifty is approaching the psychological level of 21,000, which could serve as a crucial inflection point. There is a possibility of a sell-off in the near future due to profit booking by market participants, potentially impacting the overall market. Furthermore, given the current valuation and taking into account the broader macro and microeconomic conditions, I do not feel comfortable holding onto the stock any longer. Therefore, I am opting to book profits at a gain of approximately 16.79% from my average entry levels. While I acknowledge the possibility of a 7% upside move, I am willing to forgo that potential gain given the overall risks associated with holding onto the scrip at this point. I will consider re-entering the stock if the price retreats to the lower end of the channel line, taking into consideration the overall market scenario at the moment.
NSE:DMARTShort
by Sniper-Traders
DMART looks bullishDMART looks bullish on the weekly time frame. It has been consolidating for a few weeks and recently broke the triangle pattern on the upside. We can measure the mouth of the triangle and measure it from the break line for the target. We can also consider an all-time high as a short-term target. Daily and weekly RSI are above 60 and crossing 60, respectively. The monthly RSI is inclining and close to 60. The volume is increasing as it breaks the trend line. Even if entering the trade just slightly below the CMP (Current Market Price), it can achieve over 1:3 RRR (Risk to Reward Ratio).
NSE:DMARTLong
by vikasbhekare
Possibilities of DMARTNSE:DMART Finally stock break resistance of trendline and goes to bullish territory, now stock ready to upmove. If stock give closing on daily timeframe basis below trendline, take stoplossl and exit. ENTRY- CMP TRAGET- 4075 SL- 3800 OR Breakdown trendline I am not SEBI registered, I am not responsible for any of your Profit/loss with this channel's suggestion. Please Consult your financial advisor before making any investment. I am providing trade views only for educational purpose
NSE:DMARTLong
by TFKAMD