INDIAMART
INDIAMART INTERMESH- Watchout !!!This stock is poised for a really good move either side.
The indications (not conclusive) suggest that the move would most probably fire on the upside.
The breakout could be massive so choose your entry based on your conviction.
However don't compromise with the stop loss here because if it chooses to go downside, the floor could slip away from your feet in no time.
INDIAMART will find new Buyers?INDIAMART after consolidating in a range of 6850 to 7500 for the last four months, has given a breakout today with the volume being expanded and closed above the resistance level 7700. It is likely to face the next resistance around 8350 levels.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading.