DMART at a support level and at a discount.

16 Ara 2024

✅It is at a support level and available at a discount.
✅For long-term investors, Dmart is at a decent
value.
✅Decent Fundamentals/Good Management
✅Positional or Swing traders can look for long entry
above 3985, provided it gives a good candle with
good volume.

Remember:
❌Stock is beaten down with the advent of digital shopping platforms.
❌Stock is Trading way below 200 DMA and 50 DMA
❌As of now it lacks momentum.
❌A breakdown of 3180 can bring in more weakness
and stock may test 2683.

Entry(Positional/Swing)- 3984
SL-3189- Closing Basis
Risk: 20%
Reward: 38%-50%

This is more apt for the long term. Buy this dip only if you understand the company and believe in its fundamentals and management.

This is just my view and please do not treat this as a Buy/Sell recommendation. Please do your due diligence.