DMART Oversold with Potential for Rebound

Topic Statement: Avenue Supermarts (DMART) has corrected severely and is oversold, trading under the 180-day moving average near the accumulation zone, with gaps from the correction likely to be filled.

Key Points:
1. Company posted an acceptable profit growth of about 5% QoQ for the 3rd quarter.
2. Price is under the 180-day moving average, indicating oversold conditions.
3. Trading near the accumulation zone.
4. Gaps created during the correction are expected to be filled.