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NSE :DMART BSE :540376 Sector : Retail
On the daily chart, DMART had finally given breakout over its consolidation phase. Stock is moving above symmetrical triangle pattern which indicates positive bias as per simple continuation pattern theory. As seen on Ichimoku cloud, the stock has moved on higher levels breaking above the cloud. The base and conversion line acted as a support to stay in upward direction for stock.
In a nutshell, Avenue Supermarts Ltd. looks to be bullish as long as it breaks below the cloud. Price can continue to move towards 3170 levels or higher levels. If Price dips towards 3020-3050 levels, then it could be an added buying opportunity.
Check More Analysis on DMART at: Avenue Supermarts Ltd
NSE :TCS BSE :532540 Sector : IT – Software
On the daily time frame, TCS LTD. is moving above trendline support. A bullish window occurred on the candles. As per Band Bollinger indicator it clearly justifies the up move as prices placed above the middle band.
The overall outlook for Tata Consultancy Services Ltd will remain Positive and can continue to move higher towards upper band Bollinger near 3170 levels. For the near term, the zone of 3040 has now become a temporary immediate support for the stock.
Check More Analysis on TCS LTD. at: Tata Consultancy Services Ltd
