India Mart - Long Buy IndiaMart Long Buy - @ 2578 ,
technically - strong
fundamentally strong
FII & DII Investment holding are gradually increased.
GO FOR LONG
Indiamartbuy
India Mart Set to Move FastIndiamart 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 !
INDIAMART at trendline support Indiamart is at a trendline support level and can get immediate support with strong support of Nifty uptrends
INDIAMART distribution phaseit is consolidating, look for breakout for a clear trending move.
Mostly look for shorts in the stock, I believe it will get weaker overtime
Indiamart stock can break the bearish pattern.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 below it 20 ema on higher time frame.
If the stock breaks the resistance levels of 5200 and 5372, it can move to the levels near 6400 as there was a big fall.
Support :- 4585, 4330
Resistance :- 5200,5370
The stock has been consolidating, so wait for the levels to break out of the levels with high volumes.
For long term it is a nice bet at these levels. Long term investors can create or add to their a position.
