New Delhi, Aug. 16 -- On the occasion of Janmashtami, Sumeet Bagadia, Executive Director at Choice Broking, has recommended investors to buy DMart (Avenue Supermarts).

" On the daily chart, after a decline of nearly 39%, the stock has entered a wide- range consolidation phase. Recently, DMART has witnessed a strong bounce from lower levels and is now trading within a defined range while forming a Symmetrical Triangle pattern.

The stock has recently taken support from its short-term and medium-term EMAs and is currently trading comfortably above all its key moving averages, suggesting underlying strength. If the stock manages to sustain above the Rs.4,450 level, it could confirm a breakout and move higher towards the next targets of Rs.4...