Overall Technical outlook

Price Summary

On 2025-05-30, Avenue Supermarts Limited's stock opened at 4042.3, spiked to 4085.4, declined to 3991.8, and closed -0.99% lower at 4002.1, with 448007 shares traded.
The highest price the stock achieved in the past 52 weeks is 5391.45, while the lowest price it saw is 3403.95.
29 analysts forecast that the price of DMART will range from 3000.0 to 5549.0, with an average expected price near 4015.8276.

Technicals

Support and Resistance: The current price of 4002.1 for DMART finds support at 3797.1 and resistance at 4025.2. These levels define a range in which the price might oscillate, with 3797.1 as a potential support and 4025.2 as a resistance level.
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Support/Resistance for DMART


Aroon: The AROON indicator shows a strong bearish trend, with Aroon Down rising and the Aroon Oscillator staying depressed. This suggests a continuation of the downward trend, indicating that bearish momentum remains strong. The steady low level of the Aroon Oscillator suggests further weakness in the market.
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Aroon chart for Avenue Supermarts Limited


Bol. Bands: The current state of the BOLL BANDS is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction.
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Bolinger Bands chart for Avenue Supermarts Limited


Parabolic SAR: The PSAR remains bullish in its outlook, setting a key support level that could sustain the ongoing upward trend. This strong support indicates that the market may continue to rise, with the bullish momentum likely to persist for DMART.
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Parabolic Stop and Reverse chart for Avenue Supermarts Limited


Stochastic: The STOCHASTIC is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for DMART, with no strong trend emerging.
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Stochastic chart for Avenue Supermarts Limited


Tripple Moving Agerage: The Tripple MOVING AVG is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear.
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Tripple SMA chart for Avenue Supermarts Limited


To make the most of a company's technical analysis, it's important to start with an understanding of its fundamentals. These include profitability, cash flow, and competitive positioning. Additionally, the industry in which the company operates plays a critical role, as trends and external factors can influence its market performance. By considering both the company's internal fundamentals and the external industry environment, more meaningful and accurate conclusions can be drawn from the technical data.