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Price and trend forecast of DMART for Tomorrow, Weekly, Monthly

Avenue Supermarts Limited

Symbol: NSE:DMART

ISIN: INE192R01011

4,797.55

As on 2024-04-24

3,352.00 (52W Low) 4,890.00 (52W High)

DMART's Today's Performance

Avenue Supermarts Limited started the day by opening at 4,820.00 today 2024-04-24. Its shares reached a high of 4,835.70 and dipped to a low of 4,778.00 in intraday. When the markets closed, DMART’s stock price settled at ₹4,797.55 per share. Also check out its key support and resistance levels.

DMART Buy/Sell Targets

Tomorrow, sell DMART when its price reaches ₹ 4,797.55 with a stop-loss order at ₹ 4,847.32. You can set the target price as ₹ 4,747.78 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of DMART for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for DMART

Downside Targets Value in ₹
Tomorrow Down Target 1 4,830
Tomorrow Down Target 2 4,861
Tomorrow Down Target 3 4,887

Important Levels for DMART

Holding Levels Value in ₹
Tomorrow Up Target 1 4,772
Tomorrow Up Target 2 4,746
Tomorrow Up Target 3 4,714
Based on where the stock opens tomorrow, if DMART opens on a positive note, our first target will be ₹4,830. If Target 1 is achieved, we will aim for Target 2 which is ₹4,861.

But if DMART falls below the average value of ₹4,803.75, you can enter a sell side position with target number 1 - ₹4,772 and second target - ₹4,746 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of DMART

Looking at DMART, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, DMART has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for DMART is moderate bullish.

Tomorrow's Volume based share price Forecast for DMART

DMART's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -24%.

Reversal detection for DMART

Predicted trend chart of DMART tomorrow for price forecast
DMART may trend may continue to be bearish since stock is making lower low and we can get target of ₹4821 in morning tomorrow
Target 1 tomorrow4826
Target 2 tomorrow4839
Target 3 tomorrow4861
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with DMART's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if DMART opens on a positive note, our first target will be ₹4,829.50. If Target 1 is achieved, we will aim for Target 2 which is ₹4,861.45.

But if DMART falls below the average value of ₹4,803.75, you can enter a sell side position with target number 1 - ₹4,771.80 and second target - ₹4,746.05

DMART's Weekly Targets
1st Up Target 4,894.35
2nd Up Target 4,991.15
1st Down Target 4,696.40
2nd Down Target 4,595.25

As the week for DMART ended on bullish sentiments, we can expect further continuation of this sentiment. DMART's initial target will be 4,894.35 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 4,696.40 in the upcoming week.

Weekly OHLC Values
Open 4,743.00
High 4,890.00
Low 4,692.05
Close 4,797.55

Week for DMART started with an open price of 4,743.00, and the close was at 4,797.55. DMART reached the highest of 4,890.00 and dipped lowest up to 4,692.05 last week. This indicates a bullish sentiment for the week.

DMART full month swing targets
Monthly Up Target 1 5,092.30
Monthly Up Target 2 5,189.10
Monthly Down Target 1 4,498.45
Monthly Down Target 2 4,199.35

Targets of ₹5,092.30 can be expected to be reached in the coming month. Once DMART achieved this target, we can aim for the next upside target of ₹5,189.10.

DMART if fails to hold upside, down targets of ₹4,498.45 and ₹4,199.35 can be achieved by end of this month.

For complete three weeks if DMART is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as DMART

Symbol Name Industry
ITC ITC Limited Tobacco
HINDUNILVR Hindustan Unilever Limited Household & Personal Products
DMART Avenue Supermarts Limited Discount Stores
NESTLEIND Nestle India Limited Packaged Foods
VBL Varun Beverages Limited Beverages - Non-Alcoholic

Summary

DMART is expected to reach the target of 4,829.50 in tomorrow's trading session.

After achieving the initial target in DMART, we will aim for higher targets of 4,861.45 tomorrow.

However, if DMART starts to trade below ₹4,803.75, then we will shift our focus to the sell side and aim for down targets of 4,771.80 and 4,746.05.