lNDIAMART - looks good for long position.NSE:INDIAMART has recently breakout its resistance level 5200, indicating a potential uptrend.
Price retested the level and moved upward with long green candle.
50 EMA crosses 200 EMA in daily time frame.
Traders may consider entering a position in the range of 5600-5800, with target levels at 6800 & 7900. It is important to note that trading carries a risk of loss, and a stop loss at 5180 is recommended to limit potential losses if the trade moves against expectations.
As always, it is important to conduct thorough research and analysis before making any trades. This post is not financial advice and should not be considered as such.
INDIAMART
India Mart AnalysisHello Everyone, Today i am back with a wonderful share to swing Indiamart as you can see that there is a Inverse Head and Shoulders, a Channel and Rounding bottom which is a very bullish sign, destroying the chances of bear as stock has moved up also. This is just an opinion and do it on your own or by asking your financial advisor.
INDIAMARTINDIAMART:- Ascending triangle formed, the stock tried to give a breakout but failed, we can see that the volumes are good, the stock will give a breakout again, keep your eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Indiamart - Positional SetupIndiamart is trading within a parallel channel for three months. Now it is at the bottom of the channel.
If reverses from here, can go to the levels of 4630/4730 or even more,
The entry area is as low as near 4350,
Exit the position if closes below 4430 for a couple of days. (Will go weak below these levels).
Or according to your risk management (Always Preferred).
Only for learning & sharing purposes, not any kind of trading advice.
Please share your views.
Best of luck.
BULLISH on INDIAMARTNSE:INDIAMART
The price has given a breakout from the channel pattern. The breakout is with good volume. The MACD is bullish and RSI is above 50 showing good momentum. The MACD and RSI also showing the divergence from he prices which implies that this correction is over and bottom has been made. The view is for 6 to 9 months. SL levels is around 4165.60 and the Target levels is around 5981.50
The price is still below 200 dma and can face resistance there so it is recommended to buy in a staggered way, some on the breakout and rest when price crosses the 200 dma.
Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
Giving you the peak go and grab it 😱NSE: INDIAMART
Hello guys today after seeing the chart I got these things
1. If goes down then the target could be taken at 3517 and if up than target could be taken at 5107 This could be taken as a maximum for upside and downside target from my
opinion
2. Time Frame:- 1 Day
3. I have shown two possible outcomes
4. A parallel channel pattern has occurred on the chart
5. Its on peak we can maximize profit 🤑
Conclusion:-
A parallel channel pattern which has occured at this moment at the current levels. I have seen some forecasts show that it could be down maximum chances and could be followed by the market but if it doesn't breaks the Trend line then it could be up btw I also got that to follow us and like the posts and Comment Below If You want to ask me questions on this on any other idea
Have a Nice Day to you all
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We are not responsible for any profit or loss
Based on Your Own Risk this is only to show you what's going on
India mart Sell it at hereNSE: INDIAMART
If Breaks Then The Targets could be Taken at 3409
Time Frame :- 1 Day
Patterns Name :- Inverse Head and shoulder
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
Comment Below If You want to ask me questions on this on any other idea
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Made By MAYANKTECHRESEARCHING