Indiamart is trading within a parallel channel for three months. Now it is at the bottom of the channel.
If reverses from here, can go to the levels of 4630/4730 or even more,
The entry area is as low as near 4350,
Exit the position if closes below 4430 for a couple of days. (Will go weak below these levels).
Or according to your risk management (Always Preferred).
Only for learning & sharing purposes, not any kind of trading advice.
Please share your views.
Best of luck.
If reverses from here, can go to the levels of 4630/4730 or even more,
The entry area is as low as near 4350,
Exit the position if closes below 4430 for a couple of days. (Will go weak below these levels).
Or according to your risk management (Always Preferred).
Only for learning & sharing purposes, not any kind of trading advice.
Please share your views.
Best of luck.
Comment:
The first target of 4630 is reached today.
Trade closed: target reached:
The stock reached the second target of 4730 today.
Exit the position if closes below 4330 for a couple of days.
All the best.