Indiamart is set to break out/down because it has been consolidating in tight parallel channels for a while, a big move can be anticipated on either side !
look for additional trend confirmation !
NSE:INDIAMART is showing some breakouts after a long consolidation of almost 1.5 years. Hats off to the people who held it strongly. Finally it is ready to show 6k and 6800 levels.
Indiamart view for next week or month. As the stock is near a reversal phase.
Indiamart has been taking support from its 20 ema on a daily time frame and has spent 3-4 days trading near its moving average.
On volume analysis, it seems to be in an accumulation zone as the volume are low.
The stock on technical analysis is quite bearish as its has been trading...
it seems indiamart do flags pattern 3 times and goes up every time to touch the level 8000 hope you are in ride and enjoy the ride
best buy 8000 ace NSE:INDIAMART
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...
