might hit 7878 in short time!
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Indiamart appears to have broken through its trend-line after couple of months of consolidation... If it stays above Rs. 5000, it's probably gonna be safe to add more.. Still 4% below the important Pivot level of Rs. 5487 (all time high)... Needs to break that too.. good time to accumulate more now and then... with stop-loss.
INDIAMART INTERMESH forming consolidation after a strong move.
RSI taking support near 40 levels.
We are seeing a breakout from the pattern.
CMP = 5010
Stoploss = 4610
Target = 6000
Time horizon = 4-6 months.
Material for strictly educational purposes. Assess your risk and enter positions.
DO NOT TAKE LEVERAGED POSITION, ONLY CASH.
If you earn from our...
INDIAMART | Flag Pattern
Entry recommended only after the price back into the trend line (yellow line) around 5200 levels.. It seems like trend will continue after breakout from this consolidation phase...
Please study yourself and invest
This is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help...
IndiaMART InterMESH Ltd. engages in the provision of platform to Small and Medium Enterprises, large enterprises as well as individuals. The company was founded by Brijesh Agrawal and Dinesh Agarwal in 1996 and is headquartered in Noida, India.