Indiamart is trading near strong support zone. However stock has broken support trendline on 4 hour timeframe. Also stock seeing selling with increase in volumes. Daily RSI is @ 36. Expecting lower levels in days to come, if stock breaks support zone. However stock finds support in this zone, one can look for long opportunities, where the resistance stands at 2900-3000 zone.
Comment:
Support zone broken decisively. Lets see how stock reacts post budget.