"DMart: Attempting a Comeback with Strong Weekly Breakout"

📊 Technical View 1️⃣ Price Action: Current price: ₹4703 (+7.91% this week). The stock has been in a down-to-sideways consolidation since late 2023. Now attempting to break past the ₹4540–4600 resistance zone. 2️⃣ Structure: Strong higher low formation after a sharp correction. Weekly breakout from resistance indicates renewed strength. 3️⃣ Volume Behavior: Volumes have been gradually improving, signaling institutional participation. Last week’s green candle was backed by healthy buying interest. 4️⃣ Key Levels: Support: ₹4540 (former resistance, now support). Immediate Target Zone: ₹5000–5200. Strong Support Zone: ₹3600 (long-term trendline).