Indiamart, this stock has completed consolidation period as wave 4 in weekly, and now it is in wave 5, in wave 5 also possibly it has completed wave I and II in lower degree (daily), and now given breakout with good intensity of volume from it, it seems that wave III has been started, along with positive macd trend indicator in weekly and daily uptick, all other indicators are also suggesting positive trend ahead, one can go long at current levels or in dips ( if any ), with mentioned key levels on chart.
breakout candle with volume, key levels are mentioned on chart wave structure in weekly could be like this macd in weekly macd in daily rsi in daily dmi adx in daily near bbc in weekly above mid.band in daily
Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing