MAPMYINDIA SHOWING STRENGTHNSE:MAPMYINDIA is Showing Strength with Good Volumes, ADX above 30, and MACD shows signs of Reversal Swing trade. A close above 100 DSMA is Important
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MAPMYINDIA
MAPMYINDIA Trading Within Tested Demand ZoneMAPMYINDIA is currently trading at ₹1588.1, positioned within its tested demand zone between ₹1615 and ₹1573.9, established on 11th August 2023. This zone has previously shown support, suggesting continued buying interest at these levels. Investors may consider observing this range for potential accumulation, expecting a rebound from this proven support area.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
MapmyIndia for 200%+ gainsDate: 28 Sept’24
Stock: MapmyIndia (CE Infosystems)
Timeframe: Daily chart
MapmyIndia seems to be in Wave III of 3 which is heading towards 5000 levels (2.3X of current price of 2160) as seen in the chart. This is a long shot but it is what the chart tells me. The company listed on bourses in Jan 2022 around 1900 and is around the same level in Sept 2024 while sales and operating profits during this period have almost doubled. Possible in next 1 year?
We shall however review it in due course of time.
This is not a trade recommendation. Please do your own analysis. I am not SEBI registered analyst.
C.E. Info Systems Ltd (MAPMYINDIA) - Breakout Setup, Move is ON.#MAPMYINDIA trading above Resistance of 2494
Next Resistance is at 3427
Support is at 1717
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
MapMyIndia-A multibagger stock for a swing tradeMapmyIndia is one of my favourite stock among small cap IT sector which has now done a breakout retest and is available at an amazing price.
If stock gives weekly closing above 1900, we will see ATH levels soon. However, I expect bigger targets from stock as given on chart.
A very good investment stock as well since the company provides API solutions as a cheaper alternative to google maps. Just a personal opinion shared for educational purposes.
C.E.Info Systems(MapMyIndia) Ascending triangle patternNSE:MAPMYINDIA
Ascending triangle breakout in MayMyIndia.
Forming double bottom and trying for breakout, can gain very good momentum above 2075.
Triple top breakout if closes above 2075.
Earnings release beats market expectations.
Indicators:
RSI looking good above 60.
Buy above 2075
TGT: 2350+
Note: Only for education purpose, No BUY/SELL recommendation
MAPMYINDIA - Ichimoku Breakout 📈 Stock Name - C.E. Info Systems Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 2036.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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"MapmyIndia Stock: Bullish Reversal from IPO Price A long position opportunity presents itself in the cash market stock MapmyIndia, as a reversal is observed alongside a bottom formation from its IPO price.
*Technical Analysis:*
MapmyIndia's stock price is showing signs of a bullish reversal after experiencing a period of consolidation near its IPO price. This reversal is supported by a bottom formation pattern, which often indicates the potential for an upward move. Additionally, key technical indicators may confirm the reversal and suggest a shift in momentum towards the upside.
*Trade Setup:*
For traders looking to capitalize on this bullish opportunity, the accompanying charts provide precise target and stop-loss levels for effective risk management and potential gains.
*Target and Stop-loss Levels:*
- *Target:* Potential resistance levels on the charts suggest an upside target for the trade, reflecting the anticipated bullish momentum in the stock.
- *Stop-loss:* A predetermined stop-loss level is established to limit risk and protect capital against any adverse price movements.
*Conclusion:*
MapmyIndia offers an attractive opportunity for a long position in the cash market, backed by a strong reversal pattern and bottom formation from its IPO price. Traders are encouraged to conduct their own analysis and consider the provided target and stop-loss levels to manage risk prudently while aiming for potential gains.
Disclaimer: Trading involves inherent risks, and individuals should conduct their own research or consult with a financial advisor before making any investment decisions.
MAPMYINDIA - Bullish Consolidation Breakout with VolumesNSE: MAPMYINDIA is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 12% to 20% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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MAPMYINDIA is nearing triangle breakoutNSE:MAPMYINDIA is nearing triangle breakout
Entry : Wait for breakout with volume above average and then take position
Exit : When the setup is invalidated by false breakout
Target : T1 1500 T2 1650 T3 1800, giving around 11% 22% 33% returns from current price of 1345.95. Follow trailing stoploss as T1 while waiting for T2, etc.
Smallcap IT related company with strong fundamentals & financials. Income statement is good, debt to asset ratio is low (which is good), PE ratio is high to the sector, but fine compared to few peer.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.