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Niftynext50

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.
NSE:INDIAMART
by Mambotrade
jubilant food-potential swing setup against its current trendjubilant food works after being hammered solid its near its potential buying zone pretty oversold in the channel as you can seen also jubilant has completed the classic ab=cd pattern, expecting at least a 0.382 to 0.5 retracement(marked on far right) 0.5 retracement also happens to be the old swing high where liquidity is expected to be sitting jubilant has corrected almost 45% and this might be a good time to start buying this stock if you believe in his story
NSE:JUBLFOODLong
by Shrillex17