INDIAMART Opened gap up today but selling started immediatelyNSE:INDIAMART opened gap up today but selling pressure brought it down. We might not see any decisive up move until RSI crosses 50.
INDIAMART trade ideas
INDIAMART seems to be respecting 7000 levelsNSE:INDIAMART seems to be taking support at 7k levels. If it breaks down this level then it can come to 6800 levels.
Indiamart Intermesh Ltd-Wait for retracement Buy near 7150, Keeping safe SL-6650.
One can long this position for target-8900, if it breaks, the second trendline resistance.
Targets are marked in blue horizontal lines
Buy Indiamart - Initial Target 10K1. Retest of trendline break out + fibonacci retracement + Completion of larger wave correction
2. Heading for initial target of 10 k. Can do much higer levels provided the wave is intact(6500K- Weekly closing is maintained)
INDIAMART looks bullishNSE:INDIAMART can continue going up but at a slower pace. RSI is increasing gradually.
3 reasons to buy India Mart1) On its good horizontal support.
2) Morning star pattern- it is a sign of reversal in stock trend.
3) Bouncing from 200 Moving average (Again a very strong support).
All are solid reasons to buy.
Can be bought for a target of 8300. CMP-7259.
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INDIAMART is seeming bullishNSE:INDIAMART is above it's 9 and 20 DEMA. And cross over is about to happen. If it sustains current levels then good up move can be witnessed on Monday.
One new share in our radar: INDIAMARTOne new share on our radar. NSE:INDIAMART seems to be taking support around 6850-7000. If it shows signs of reversal from here then good targets can achieved.
IINDIAMART parallel channel breakout15 / 06 /21
Stock: INDIAMART
CMP: 7389
Transaction type: Buy
Price: cmp
Target: Short term and long term target marked.
INDIA MART Swing EntryThe current market price shows a good good buying range for short term. keep stop loss as your risk to reward apatite
indiamart ....(double bottom) double bottom pattern
entry @6878
target 1 - 7785
target 2 - 8347
short term 13% ( 1month) for target 1
INDIAMARAT FOLOWING THE PATTERNINDIAMARAT FOLOWING THE PATTERN : ascending triangle outline . Already shared that it moight behave in this way.
Support and resistance; Volume action; chance of reversalSupport becoming resistance
With volumes increasing, bulls are getting ready to enter..
Support at Fibonacci
*For educational purpose
Buy IndiaMart InterMeshPlease refer chart for the key levels.
Buy @CMP for targets towards 7200/7500/8000
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