Buy Avenue Supermarts, target price Rs 4,000: Anand Rathi

Anand Rathi recommends buying Avenue Supermarts with a target price of Rs 4,000 as the stock has corrected over 30% recently. Currently priced at Rs 3690.9, DMART has shown positive RSI divergence and reached major trend line support. Analysts suggest buying within Rs 3,675 – 3,725 range with a stop loss of Rs 3,540.