Indiamart BreakoutAfter long long consolidation mode in the triangular pattern today the stock break its level and also closes above the level . If it sustain then will see the more rally
INDIAMART trade ideas
INDIAMART will find new Buyers?INDIAMART after consolidating in a range of 6850 to 7500 for the last four months, has given a breakout today with the volume being expanded and closed above the resistance level 7700. It is likely to face the next resistance around 8350 levels.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading.
2 reasons to buy || IndiaMart1) Range bound for a few weeks and today breakout occurred.
2) 10 times more volume at breakout.
Can be bought for a target of 8400 and 8900. CMP-7750. SL will be 7250.
A Falling Wedge Pattern Breakout. Educational Purpose onlyA Perfect Falling Wedge Pattern Breakout with Good Volumes.
Can see a good upside move. Keep on Watchlist.
BREAKOUT Over the last 5 years, revenue has grown at a yearly rate of 23.89%, vs industry avg of 15.58%
Over the last 5 years, market share increased
IndiaMart: Readying itself for takeoffIndiamart after a long consolidation is readying itself for a big takeoff. 2 levels to watch will be 7300 and 7500. If both are taken out and stock able to sustain above that then retest of all time highs of 9000 will be on cards
Can go LongIndiamart is looking very attractive can go long once it breaks the channel. target is 10000.
INDIAMART has respected 7000 levels several times.NSE:INDIAMART is respecting 7k levels for the last 2 months. It could be a reversal point for it. But it would wait until madcap starts rallying again.
INDIAMART consolidating since June in a small rangeNSE:INDIAMART has been consolidating in a range of 7000-7400 for so long time. If it crosses decisively 7450 then it can show 7800 levels.
INDIAMART has shown great move after taking supportNSE:INDIAMART has been going negative today in the first half. But it came strong in the second half with good volumes. It can keep showing good momentum in the coming days.
India MartThis is a great trading scrip! Multiple EMA contraction at its best. Also forming a VCP. Price at M and W Pivots. Whichever side it chooses to go, just follow that!
Indiamart very good fundamental stock at good support levels can accumulate for long term and swing trade also...
Indiamart wait and enter fo the targetIndiamart will again become the only source of wholesale market in indian industry
wait and enter
i will update my positions
india mart 40 % in 6 monthsfor education only.
Earlier share was falling in parallel channel now travelling in rectangle parallel channel.
It seems soon it will start rally.
Best buy at 7000.for target of 12000 in 1 year.
hope it will complete.
INDIAMART is looking goodNSE:INDIAMART is looking good but volumes are low. If it gives closing above 20 DEMA today then it can keep the momentum continue.
INDIAMART on daily chartIndiamart looks bullish on the daily chart both target and stop-loss has been mentioned for positional trading .
