INDIAMART- Reversal Possible
Updated
Candlestick pattern- BULLISH HARAMI (between 25th and 28th Jan)
This indicates possible reversal in the bearish stock.
Support- It's trading in its very strong support zone.
RSI- Over-sold 20.8 on daily chart as of 28th
Based on these three, a reversal and a bullish run is expected. The fundamentals of the stock remains intact.
NOT A BULL/SELL RECOMMENDATION.
This indicates possible reversal in the bearish stock.
Support- It's trading in its very strong support zone.
RSI- Over-sold 20.8 on daily chart as of 28th
Based on these three, a reversal and a bullish run is expected. The fundamentals of the stock remains intact.
NOT A BULL/SELL RECOMMENDATION.
Trade active
Pattern Reversed: Stock is turning bullish with increasing volume.Note
On 30 min candlesticks, there is a Rounding cup pattern breakout between 27/01 to 31/01. Validated by Volume chart.Depth of the rounding cup suggests Target 1- 5584.
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