Avenue Supermarts, Blue Dart: Strategies for Radhakishan Damani-owned stks

Here are trading strategies for key stocks held by Radhakishan Damani. Do you own them as well?

Avenue Supermarts Limited (DMART): Since 2019, the counter has risen towards Rs 3,300 level. The “Higher High, Higher Low” formation on the technical charts shows an overall positive sentiment, as per the weekly chart. The recent weakness can take the stock towards Rs 2,800 levels, which will act as an immediate support. Going forward, a breach of Rs 3,200 may trigger a rally towards Rs 3,500 levels. The counter is continuously trading above the 100-weekly moving average (WMA) from late 2019, indicative of the underneath strength is on the long side. CLICK HERE FOR