IndiaMART InterMESH Ltd (INDIAMART) - Technical Analysis Update
Current Market Price (CMP): ₹3,059.90
Target: ₹5,500+
Entry Range: ₹2,800 – ₹3,000
Stop Loss: Below ₹2,650
Moving Averages:
21-Day EMA: ₹3,048.80
200-Day EMA: ₹3,016.70
Support Levels:
Immediate support at ₹2,830.81
Secondary support at ₹2,766.06
Strong support at ₹2,479.35
Technical Indicators:
EMA Setup: IndiaMART is holding well above both its 21-day and 200-day EMAs, which indicates short-to-mid-term bullish momentum
My View: IndiaMART is a solid bet in the current market with a well-defined risk-reward setup. As the stock is consolidating near key support levels, I expect a breakout toward ₹8,500+ levels in the medium to long term.
Target: ₹5,500+
Entry Range: ₹2,800 – ₹3,000
Stop Loss: Below ₹2,650
Moving Averages:
21-Day EMA: ₹3,048.80
200-Day EMA: ₹3,016.70
Support Levels:
Immediate support at ₹2,830.81
Secondary support at ₹2,766.06
Strong support at ₹2,479.35
Technical Indicators:
EMA Setup: IndiaMART is holding well above both its 21-day and 200-day EMAs, which indicates short-to-mid-term bullish momentum
My View: IndiaMART is a solid bet in the current market with a well-defined risk-reward setup. As the stock is consolidating near key support levels, I expect a breakout toward ₹8,500+ levels in the medium to long term.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Passionate Hustler. Lifetime learner. I dive into everything with full energy and never get bored—always exploring, always evolving. Join me on my journey as I hustle through life, learn new things, and share insights that inspire!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.