DMART (AVENUE SUPERMARKET) On breakout.

30 dic 2022

A Falling trendline breakout in DMart with good volumes, closing above 200 DMA and 61 EMA, and positive divergence in RSI, a bullish candle closing above the trendline and near the upper band of the Bollinger band, all these are seen in the daily time frame, which is indicating a bullish breakout is possible in prices. A double bottom pattern breakout is in the making. Prices can rise at least to 4250 and above that, they can rally to 4350 - 4500. Can be bought if the price sustains between 4150 - 4100 levels in small quantities. SL below 4050 on a daily close basis.