INDIAMART trade ideas
INDIAMART looks Bullish..!!Risk/Reward ratio is good, and mentioned the same in chart.
Its a positional trade with min 1 yr to 2 years time frame.
** I AM NOT SEBI registered advisor please consult financial advisor for your investment.
**This is only for educational purpose you can also share your thoughts on the comments
Indiamart Again - Low Risk SetupCMP 2344 on 01.12.24
1. In recent sessions, the stock has formed a cup & handle pattern. But could not give a breakout of the formation.
2. At present, tested the lower level of HANDLE and formed a Double Bottom Pattern & gave a bounce back too.
3. If the momentum continues, may go into a bullish phase.
4. MACD is showing a reversal too.
5. The risk-reward ratio is quite good at the moment.
NOTE - The above illustration is my own view, shared here only for learning and observation purpose. it is not a bit of trading advice in any form.
All the best.
IndiaMart- Shining with Great Results -Best above 3228IndiaMART is India's largest online B2B marketplace, connecting buyers and suppliers across a wide range of products and services, primarily catering to small and medium enterprises (SMEs). Founded in 1999, the company has seen consistent growth, boasting a significant market share in the Indian online B2B classified space.
Key points about IndiaMART:
• Business Model:
A platform where buyers can search for suppliers based on their needs, with features like product listings, supplier profiles, and lead generation tools.
• Market Reach:
A large network of both buyers and sellers across various industries, including manufacturing, construction, electronics, and more.
• Growth Strategy:
Focus on expanding its user base by attracting smaller businesses and then upselling them to premium subscription plans, coupled with continuous technological upgrades to enhance user experience.
• Financial Performance:
IndiaMART has reported consistent revenue and profit growth over the years, attributed to its strong market position and increasing adoption of online B2B commerce in India.
• Investment Highlights:
• Deferred Revenue: A significant portion of IndiaMART's revenue comes from subscription fees paid upfront by sellers, creating a stable recurring revenue stream.
• High Return on Equity (ROE): The company historically generates high returns relative to its equity, indicating efficient use of capital.
• Minimal Debt: IndiaMART operates with minimal debt, further enhancing its financial stability.
Recent Developments:
• Continued focus on digital marketing and improving the platform's search capabilities to better match buyers with relevant suppliers.
• Expansion into newer sectors like services and international markets.
• Incorporation of advanced data analytics to provide insights and targeted recommendations to users
Chart Analysis :
The stock is making potential Cup & Handle Pattern. With solid returns the stock is expected to outperform.
One can enter above 3228 for target of 3725/4500 / 4800 with strict stop loss of 2840.
Targets may take few weeks to months and i suggest to average up as it moves up
Metric Q2 FY 2025
Revenue Growth - Revenue grew by 23% YoY, reaching ₹297 crore compared to ₹240.66 crore in Q2 FY2024
.
Operating Leverage - The company benefited from stable operational costs, helping maintain a strong operating margin
Margin Expansion - EBITDA margin improved, supported by cost control, with expectations of continued margin expansion
.
Debt Reduction- IndiaMart remains a debt-free company, focusing on cash flow management
.
Disclaimer : Educational Content. Please do your own research.
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INDIAMART -: 3200 ₹ TARGETINDIAMART -: 3200 ₹ TARGET
ACCUMULATED 2400₹ /2230 ₹
6 MONTH TIME FRAME
IndiaMART InterMESH Ltd. has an average target of 3387.80. The consensus estimate represents an upside of 35.05% from the last price of 2508.60. View 13 reports from 5 analysts offering long-term price targets for IndiaMART InterMESH Ltd..
INDIAMART - The most rewarding 3 of 3 in play now?INDIAMART CMP 3013
The price is all set to cross 4500+ in this impulse.. Looks like it is in the 3rd of 3rd wave from 1838..
1838 to 3335 = Wave 1
3335 to 2230 = Wave 2
and now wave 3 is unfolding from 2230 levels.. of which, we have done i and ii.. waiting for the break past 3335 for confirmation of the iiird..
Indiamart - Keep On WatchCMP - 2930 on 27.09.24
Since January 24, the stock has formed a Cup & Handle-like pattern. It is now retesting the immediate support, which is around 2900-2950. If picks a bullish momentum and gives breakout of C & H pattern. It may go to 3650/ 4100+.
However, the breakout level is above 3400 but the current price is a good place for an early entry with a more favorable risk-reward ratio.
Considering risk management, one has to choose the entry-level and position size wisely.
If the price sustains below 2620, This setup loses significance.
Trade wisely and calmly.
The above Illustration is only for educational and sharing purposes, not a trading recommendation in any form.
All the best.
IndiaMART InterMESH Ltd (INDIAMART) - Technical Analysis UpdateCurrent Market Price (CMP): ₹3,059.90
Target: ₹5,500+
Entry Range: ₹2,800 – ₹3,000
Stop Loss: Below ₹2,650
Moving Averages:
21-Day EMA: ₹3,048.80
200-Day EMA: ₹3,016.70
Support Levels:
Immediate support at ₹2,830.81
Secondary support at ₹2,766.06
Strong support at ₹2,479.35
Technical Indicators:
EMA Setup: IndiaMART is holding well above both its 21-day and 200-day EMAs, which indicates short-to-mid-term bullish momentum
My View: IndiaMART is a solid bet in the current market with a well-defined risk-reward setup. As the stock is consolidating near key support levels, I expect a breakout toward ₹8,500+ levels in the medium to long term.
INDIAMART - Ripening for a Mark UpLet's evaluate the stock:
The Stock has been accumulating for the past 2 years and is Range Bound.
The Stock has tried to break The Resistance but unable to do so. The first time it tried to break was in Jul'23 but failed.
Reason being good results of Jun'23 Quarter which did not sustain and the stock came back down again to its Support levels.
Now, Dec'23 results were almost as good as Jun'23, compounded with better results for Mar'24 and Jun'24(which is best quarterly result in the past 3 years).
If the quarterly result for Sep'24 came as expected the stock can rally and hit short term targets of T1 and T2(based on Fib Extension). Long Term target is ATH.
The Institutions are slowly building their positions in the stock.
The fundamentals are Strong, with healthy DE and PEG Ratio, the stock is currently undervalued. Sales growth is also very Solid.
I will definitely keep this stock in my watchlist for the next month and keep a close eye on the technical before Sep'24 results are out.
*Not an investment Advice, only for educational purposes*
Indiamart - Bullish Divergence - Symmetrical Triangle BreakoutIndiaMART InterMESH Ltd. has shown a strong bullish divergence, breaking out from a symmetrical triangle pattern and currently testing a crucial retest level. This setup presents a potentially favorable opportunity, if the support at the trendline holds next week.
Technical Analysis:
Symmetrical Triangle Pattern: The stock has been consolidating within a symmetrical triangle, characterized by converging trendlines of higher lows and lower highs.
Bullish Divergence: The price made a lower low while the RSI made a higher low, indicating a bullish divergence and suggesting weakening selling pressure.
Breakout Confirmation: The price recently broke above the upper boundary of the triangle, confirming a bullish breakout.
Retest Level: The price is currently retesting the breakout level around ₹2,780. If it reverses upwards from this trendline, the setup looks promising.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice.