RSI low/high Values: [ 25 - 80 ]
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AI Analysis of DMART.NS
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Stronger technical forecast for Avenue Supermarts Limited stock price after Thursday trading.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 19, 2024 Gain 12.74% PDF

The Avenue Supermarts Limited stock price gained 2.38% on the last trading day (Thursday, 28th Mar 2024), rising from ₹4,420.55 to ₹4,525.60. During the last trading day the stock fluctuated 3.71% from a day low at ₹4,397.05 to a day high of ₹4,560.00. The price has risen in 8 of the last 10 days and is up by 14.06% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 79 thousand more shares were traded than the day before. In total, 892 thousand shares were bought and sold for approximately ₹4.04 billion.

Given the current short-term trend, the stock is expected to rise 7.30% during the next 3 months and, with a 90% probability hold a price between ₹4,109.16 and ₹4,856.01 at the end of this 3-month period.

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DMART.NS Signals & Forecast

Mostly positive signals in the chart today. The Avenue Supermarts Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹4,280.50 and ₹3,925.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 12, 2024, and so far it has risen 23.13%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Friday, June 02, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Friday, June 02, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Avenue Supermarts Limited stock

Avenue Supermarts Limited finds support from accumulated volume at ₹4,486.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹162.95 between high and low, or 3.71%. For the last week, the stock has had daily average volatility of 3.97%.

Our recommended stop-loss: ₹4,371.73 (-3.40%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (DMART.NS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Avenue Supermarts Limited to open at ₹4,494.22, and during the day (based on 14 day Average True Range), to move between ₹4,410.02 and ₹4,641.18, which gives a possible trading interval of +/-₹115.58 (+/-2.55%) up or down from last closing price. If Avenue Supermarts Limited takes out the full calculated possible swing range there will be an estimated 5.11% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₹4,486.20, some ₹39.40 (0.87%) from the current price of ₹4,525.60, our system finds the risk reward attractive.

Is Avenue Supermarts Limited stock A Buy?

Avenue Supermarts Limited holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.007 Strong Buy Candidate Upgraded

Predicted Opening Price for Avenue Supermarts Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹4,494.22 ( 0.693%) ₹4,525.60

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for DMART.NS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 4,657.17 2.91 %
R2 4,594.92 1.53 %
R1 4,556.46 0.682 %
Current price: 4,525.60
Support S1 4,431.97 -2.07 %
S2 4,393.51 -2.92 %
S3 4,331.27 -4.29 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 4,525.60
Support S1 4,486.20 -0.87%
S2 4,163.10 -8.01%
S3 3,932.35 -13.11%

FAQ

What is the symbol for Avenue Supermarts Limited Stock and on which exchange is it traded?
The symbol for Avenue Supermarts Limited is DMART.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell Avenue Supermarts Limited Stock?
Avenue Supermarts Limited holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Avenue Supermarts Limited Stock?
Avenue Supermarts Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Avenue Supermarts Limited Stock.

What's the current price of Avenue Supermarts Limited Stock?
As of the end of day on the 2024-03-28, the price of an Avenue Supermarts Limited (DMART.NS) share was ₹4,525.60.

What is the 52-week high and low for Avenue Supermarts Limited Stock?
The 52-week high for Avenue Supermarts Limited Stock is ₹4,560.00 and the 52-week low is ₹3,315.00.

What is the market capitalization of Avenue Supermarts Limited Stock?
As of the 2024-03-28, the market capitalization of Avenue Supermarts Limited is 2.945T.

When is the next earnings date for Avenue Supermarts Limited?
The upcoming earnings date for Avenue Supermarts Limited is May 11, 2024.
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About Avenue Supermarts Limited

Avenue Supermarts Limited Avenue Supermarts Limited operates in the business of organized retail and operates supermarkets under the brand name of D-Mart. It offers food products, including groceries, staples, processed foods, dairy and frozen products, beverages and confectionery products, and fruits and vegetables; non-food products comprising home care and personal care products, toiletries, and other over the counter products; and general merchandise and apparel produ... DMART.NS Profile

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