INDIAMART trade ideas
POSITONAL BUY CALL FOR INDIAMART can add indiamart at current rates and can avg upto 4400
stop loss -4000 (positional)
short term traders stop loss - 4300
1st target - 5265 (short term can exit here with 10% return)
2nd target - 6910
3rd target- 9740
its a positonal call can take of time period of 9-12months
indiamart as given a breakout in a falling wedge pattern with a retest for a good entry
note: this is only for educational purpose pls do your own research before investing . at your own risk
Indiamart - Ready to fly?The stock just crossed the one-year-old resistance after long efforts. If sustains above breakout levels, may go upside o 6250/7450. All levels are clearly shown on the charts.
Only for learning and sharing purposes, not a bit of trading advice.
Please comment with your views about the idea.
All the best.
lNDIAMART - looks good for long position.NSE:INDIAMART has recently breakout its resistance level 5200, indicating a potential uptrend.
Price retested the level and moved upward with long green candle.
50 EMA crosses 200 EMA in daily time frame.
Traders may consider entering a position in the range of 5600-5800, with target levels at 6800 & 7900. It is important to note that trading carries a risk of loss, and a stop loss at 5180 is recommended to limit potential losses if the trade moves against expectations.
As always, it is important to conduct thorough research and analysis before making any trades. This post is not financial advice and should not be considered as such.
How to identify bottom reversals- Indiamart a good exampleCheck the stock is near to important fib levels of 0.5-0.618
Check any inverted H&S is in making
Check any ascending/symmetrical patter in making
Check volumes are growing
Check its at important trendline support
Now we can easliy see 5900-6000 levels in Indiamart in coming days
India Mart AnalysisHello Everyone, Today i am back with a wonderful share to swing Indiamart as you can see that there is a Inverse Head and Shoulders, a Channel and Rounding bottom which is a very bullish sign, destroying the chances of bear as stock has moved up also. This is just an opinion and do it on your own or by asking your financial advisor.