AVENUE SUPERMARTS - DMART(NSE) | BEARISH PENNANT

6 gen 2022

AVENUE 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.