looking good, keep on radar!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 trade ideas
Indiamart Broken Through TrendlineIndiamart 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 - Mid-term investment ideaINDIAMART 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.
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One Right Trade's Swing Trade Idea #152 : Long on INDIAMARTThis 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 anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
How to trade Falling Channels / WedgeThe material gives an example of trade that we took based on falling wedge pattern. Though, such clean trades do not always come in front of a trader, one can use the concept to execute trades with stop loss levels given in the material.
This trade is already done, and material is intended for people to learn the concept only.
If you copy trades, you might win once, but if you learn the concepts you'll always be in profits!