Posts in category All News
Rajoo Engineers board OKs 1:1 bonus issue (29-06-2024)
Shilchar Technologies – Power & Distribution Transformers – Sunrise Sector? (29-06-2024)
Looks like company underpromises, overperforms! Great observation!
5 world market themes for the week ahead (29-06-2024)
Nike stock plunges as gloomy sales forecast fans growth concerns (29-06-2024)
Wall Street ends lower as investors digest inflation data, presidential debate (29-06-2024)
Pharma || Hospitals || Diagnostics : Industry perspective (29-06-2024)
Search “GLP 1” instead
Veteran Congress leader D Srinivas passes away (29-06-2024)
Buy on dips as Nifty & Bank Nifty look bullish; 3 stocks to bet on: Rajesh Palviya (29-06-2024)
52 week highs and all time highs strategy (29-06-2024)
Dmart weekly chart. cmp 4716. Multiple technical formations. (disc: no positions, under watchlist)
A symmetrical ( Wolfe Wave with target line drawn which shows a potential target at 6000 plus. ) triangle breakout coinciding with a breakout above 2 year high at 4600.
Post breakout there is 12 weeks consolidation in close vicinity of 2 year highs.
Double bottom at 3200 in May 22 and April 23 (shown in green) with breakout above 4600 providing technical target of 6000. Also marked minor resistance at 4200.
Not a recommendation. Posted because of multiple technical patterns in same weekly chart.