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    Stock Radar: D-Mart hits fresh multi-year high in June 2024; time to buy the dip or book profits?

    Synopsis

    Traders are advised to consider a retest target of Rs 5100 for Avenue Supermarts (D-Mart) with a stop loss below 4770 on a closing basis. Recommendations in the article do not reflect the views of the Economic Times.

    Avenue Supermarts (D-Mart), part of the diversified retail sector, hit a fresh 52-week high in June 2024 and the chart pattern suggests that the rally may not be over yet.Short-term traders can look to buy the stock for a target above 5000-5200 levels in the next few weeks, suggest experts.The retail stock hit a 52-week high of 5220 on 19th June 2024 – a level last seen in October 2021, but quickly pared gains which was in line with the market
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    The Economic Times