Expecting an upmove in DMART
T
DMART
The stock shown a slight bounce back from support at 4100 level. The 3900 - 4100 level (as indicated by two green lines in graph) looks like a great support region and even the stock consolidated at these range in earlier.
Also there is a 200DMA at 4100 level along with support.
But the RSI not showing much positive indication
Expecting an upmove till 4600 level( orange dotted line)for short term if the whole market sentiments improves.
Looking for a break above friday's high price.
Disclaimer: The analysis shared is a part of learning and knowledge sharing process and not any form of stock recommendation
DMARTThe stock shown a slight bounce back from support at 4100 level. The 3900 - 4100 level (as indicated by two green lines in graph) looks like a great support region and even the stock consolidated at these range in earlier.
Also there is a 200DMA at 4100 level along with support.
But the RSI not showing much positive indication
Expecting an upmove till 4600 level( orange dotted line)for short term if the whole market sentiments improves.
Looking for a break above friday's high price.
Disclaimer: The analysis shared is a part of learning and knowledge sharing process and not any form of stock recommendation
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