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 !
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...
