Avenue Supermarts Ltd.
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Market insights
I would like to Long for long term in avenue supermartAvenue Supermart at demand zone on daily time frame trendline
RSI showing positive divergance
Avenue Supermarkets (Dmart)The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
DMARTNSE:DMART
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offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
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DMARTThis stock is possibly going to swing from current levels. All the key levels are mentioned in chart.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult your Financial advisor before trading or investing
AVENUE SUPERMARTS - DMART(NSE) | BEARISH PENNANTAVENUE SUPERMARTS - DMART(NSE) - has been following a Bearish Pennant pattern since October end. A long candle cutting the support line(red line) could be a good short selling opportunity, keeping a target at 4363(dashed red line). The blue dashed line denoting a price range of 4554 had acted as a good support range many times in the past, and once the price had broken this to reach 4363, as indicated by the curved, yellow, downward arrow.
Avanue Dmart breaking out and taking support Dmart retracing from trendline
Making Morning star
candle stick pattern daily time frame
breaking out triangle
taking support RSI 40
taken daily time frame previous swing high support
DMARTNSE:DMART
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
Faak gadiTook tracking position in early market hours, added more later as it was moving up.
Might add more if opportunity permits
Nifty, Banknifty, Top Stocks Analysis with imp leves!Analysis of Nifty, Banknifty and top stocks after Tata group companies rocket today's show!
DMART Looking Bullish above 4440DMART Looking Bullish above 4440 as on good support level will touch 4500-4550-4600 in coming days
DMART 26/07/21keep 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
SELL DMART AROUND 3350 TGT 3100/2850 SL ABOVE 3450It 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.
Dmart Looking Strong On daily Chart......Releative Strength is jaust above zero line.....Divergence in RSI and Price.....
