Secret Swing Trading Strategy

Forums YouTube Videos and Live Streaming Dmart Technical Analysis-Stock Talk with Nitin Bhatia

Viewing 0 reply threads
  • Author
    Posts
    • #239735
      Nitin Bhatia
      Keymaster

        To watch, please click on following link

        Dmart Technical Analysis suggests that the stock is trading above its intrinsic value. It is currently trading at 122 times trailing earnings compared to 70-80 times of its peers like HUL & Nestle. The reason for this high premium is its earnings growth of 52% compared to less than 20% of its peers.

        Avenue Supermarts Ltd or Dmart formed a flag pattern on the daily chart. The Flag pattern is a continuation pattern. Dmart gave a breakout from the flag pattern and delivered around 30% returns in the last one month. The key support levels of this stock are around Rs 2000 and Rs 1700.

        On a divergence trading setup, the price and indicator both are forming higher highs thus indicating that the positive momentum will continue in the stock. The price-volume analysis on a chart suggests that the stock is a bullish trend supported by the volume. However, a closer look at the volume related data points suggest that some big players have booked a profit in the stock.

        Avenue Supermarts Ltd or Dmart does not correlate with the nifty movement. Since this stock is not a part of the derivatives segment. Therefore, option chain or future analysis of the stock is not feasible.

        Avenue Supermarts Ltd or Dmart stock is a part of the Nifty Consumption Index. It is best performing stock in this index on both higher and shorter time frame i.e. one year and one-month time frame respectively.

    Viewing 0 reply threads
    • You must be logged in to reply to this topic.
    Scroll to Top