WEEKLY SETUP INDIAMART GETTING READY FOR PHASE 3
Cycle 1 and 2 (Phase 1 & 2) of Indiamart has been completed, now slowly it is getting ready for phase 3 breakout.
We are on weekly time frame and if you see trendline which I have marked with RED, it get's rejected with some volume. Here, we need to observe clearly with candle sticks pattern on both weekly and daily time frame.
It's a idea don't jump and buy. wait for proper time to buy. Till now one can monitor it having SL 3% below 3984.
I have marked sub marking on 4 H TF, which can help us to decide when to inter in this stock with logics and understanding.
Here, the level which have been marked is very crucial, on BO one can further check type of candle on BO, volume etc. before entering.
We are on weekly time frame and if you see trendline which I have marked with RED, it get's rejected with some volume. Here, we need to observe clearly with candle sticks pattern on both weekly and daily time frame.
It's a idea don't jump and buy. wait for proper time to buy. Till now one can monitor it having SL 3% below 3984.
I have marked sub marking on 4 H TF, which can help us to decide when to inter in this stock with logics and understanding.
Here, the level which have been marked is very crucial, on BO one can further check type of candle on BO, volume etc. before entering.
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