Road Ahead - IndiaMart Intermesh - Short
Have been wondering why IndiaMart Intermesh - the gigantic elephant of Product publishing industry in India - is falling like anything.
It has formed an Inverted Head & Shoulder Chart Pattern (which is a bearish reversal chart appatern) on the daily time frame with Volumes. There is negative cross-over is Stocastic in daily, weekly and monthly charts. RSI also is negative zone for all three time frames mentioned above. MACD is also against the stock.
It has formed an Inverted Head & Shoulder Chart Pattern (which is a bearish reversal chart appatern) on the daily time frame with Volumes. There is negative cross-over is Stocastic in daily, weekly and monthly charts. RSI also is negative zone for all three time frames mentioned above. MACD is also against the stock.