INDIAMART trade ideas
Inverted Head & Shoulder in IndiamartAfter falling 15% from the High, Indiamart is finally making an Inverted Head and Shoulder in 1 Hour frame, and it can give a good breakout for buy.
Support Becoming Resistance Theory !Guys INDIAMART has been taking support at the drawn support zone which later turned into resistance zone. Stock took 2 bounce back from resistance line and now it is trying again. 7750 Is import level watch carefully for a breakout.
This theory of support turning into resistance is very famous and very useful. This chart is shared only for educational purpose , Feel free to share your feedback/queries.
Only for learning PurposeIndiaMART currently at a 200EMA and tradeline support. Not a trade recommendation only for learning Purpose.
trading around multiple support, that is why i bought today!Disclaimer: NOT SEBI registered. Charts produced here are for personal reference only and not any recommendations.
Intraday Short ChartTrend Line Indicating the strong resistance and support Zones, wait until it closed Above or bellow the breakout points... flat opening is expected for today
Educational Purpose
BGN
wait for support IndiaMART is an India-based online marketplace, which connects buyers with suppliers. The Company's online channel focuses on providing a platform to small and medium enterprises (SMEs), large enterprises
Road Ahead - IndiaMart Intermesh - ShortHave been wondering why IndiaMart Intermesh - the gigantic elephant of Product publishing industry in India - is falling like anything.
It has formed an Inverted Head & Shoulder Chart Pattern (which is a bearish reversal chart appatern) on the daily time frame with Volumes. There is negative cross-over is Stocastic in daily, weekly and monthly charts. RSI also is negative zone for all three time frames mentioned above. MACD is also against the stock.
3rd Corrective after 5 impulsive waves in IndiamartAccording to Elliott principle:
5 Impulsive waves are followed by 3 corrective waves.
INDIAMARAT seems to have bottomed out.INDIAMARAT seems to have bottomed out.
I a buying zone better if ~200 - ~300 point
gap counted.
#planyourtrade.
Head and Shoulder break down in Indiamart IntermeshHi,
I am new to charting, but I noticed that Head and Shoulder pattern in Indiamart Intermesh. Levels on the Chart.
Please comment, if the analysis is right or wrong by giving reasoning so that I can also learn.
This post is not any recommendation. I am just posting to learn myself.
INDIAMART | Simple triangle breakout occuring - 18%INDIAMART | Simple triangle breakout occuring - 18%
CMP : 8130
SL : 7500
Target : 9500
Technical Analysis of Indiamart.Indiamart Swing Trade HH-HL.
Note: Next QTR Result Will be Outstanding, Because of Covid (Medical)Equipments Demand Rises.
