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...
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...
