Hello Traders,
DMART as we can see on the weekly Chart since Nov 2021 stock was in a bearish momentum and finally after forming a proper Descending Triangle Pattern it gave a breakout on Nov 2023 and re-tested on the same trendline and it seems to be a Bull Run from CMP.
CMP of the stock is 3852 and now it can go up to 4100-4130 levels.
Stop loss would be @3643.
If it breaks the resistance level and sustains at 4130 levels, there is a high probability of further upward momentum till 4400-4580 levels.
This is purely my own Personal Analysis.
If you like my Idea on DMART give your support & also share your thought on the same.
Keep Rocking & Happy Trading. All the best.
DMART as we can see on the weekly Chart since Nov 2021 stock was in a bearish momentum and finally after forming a proper Descending Triangle Pattern it gave a breakout on Nov 2023 and re-tested on the same trendline and it seems to be a Bull Run from CMP.
CMP of the stock is 3852 and now it can go up to 4100-4130 levels.
Stop loss would be @3643.
If it breaks the resistance level and sustains at 4130 levels, there is a high probability of further upward momentum till 4400-4580 levels.
This is purely my own Personal Analysis.
If you like my Idea on DMART give your support & also share your thought on the same.
Keep Rocking & Happy Trading. All the best.
Note
Made High of 4560 with in a month
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.