AVENUE SUPERMARTS LTD
Long

DMART

100
DMART has been outperforming stock since its listing last year. The stock has risen more than 2.5 times in less than one & half year. Lately the stock has been consolidating in a triangular pattern for last two months. It looks to be breaking out of the triangle on the up side. Down trending resistance line looks to be passing around 1600. So the stock can be bought above 1605 for targets of 1690 & 1780 with stop below 1540.

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