INDIAMART trade ideas
Giving you the peak go and grab it 😱NSE: INDIAMART
Hello guys today after seeing the chart I got these things
1. If goes down then the target could be taken at 3517 and if up than target could be taken at 5107 This could be taken as a maximum for upside and downside target from my
opinion
2. Time Frame:- 1 Day
3. I have shown two possible outcomes
4. A parallel channel pattern has occurred on the chart
5. Its on peak we can maximize profit 🤑
Conclusion:-
A parallel channel pattern which has occured at this moment at the current levels. I have seen some forecasts show that it could be down maximum chances and could be followed by the market but if it doesn't breaks the Trend line then it could be up btw I also got that to follow us and like the posts and Comment Below If You want to ask me questions on this on any other idea
Have a Nice Day to you all
Made By MAYANKTECHRESEARCHING
We are not responsible for any profit or loss
Based on Your Own Risk this is only to show you what's going on
India mart Sell it at hereNSE: INDIAMART
If Breaks Then The Targets could be Taken at 3409
Time Frame :- 1 Day
Patterns Name :- Inverse Head and shoulder
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
Comment Below If You want to ask me questions on this on any other idea
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Made By MAYANKTECHRESEARCHING
Indiamart stock can break the bearish pattern.Indiamart view for next week or month. As the stock is near a reversal phase.
Indiamart has been taking support from its 20 ema on a daily time frame and has spent 3-4 days trading near its moving average.
On volume analysis, it seems to be in an accumulation zone as the volume are low.
The stock on technical analysis is quite bearish as its has been trading below it 20 ema on higher time frame.
If the stock breaks the resistance levels of 5200 and 5372, it can move to the levels near 6400 as there was a big fall.
Support :- 4585, 4330
Resistance :- 5200,5370
The stock has been consolidating, so wait for the levels to break out of the levels with high volumes.
For long term it is a nice bet at these levels. Long term investors can create or add to their a position.
WEEKLY SETUP INDIAMART GETTING READY FOR PHASE 3Cycle 1 and 2 (Phase 1 & 2) of Indiamart has been completed, now slowly it is getting ready for phase 3 breakout.
We are on weekly time frame and if you see trendline which I have marked with RED, it get's rejected with some volume. Here, we need to observe clearly with candle sticks pattern on both weekly and daily time frame.
It's a idea don't jump and buy. wait for proper time to buy. Till now one can monitor it having SL 3% below 3984.
I have marked sub marking on 4 H TF, which can help us to decide when to inter in this stock with logics and understanding.
Here, the level which have been marked is very crucial, on BO one can further check type of candle on BO, volume etc. before entering.
INDIAMARTdiscount % get buy this stock at one or more for huge return . my prediction is stock move to our ATH .....
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Disclosure : I am not SEBI registered. The information provided here is for Education Purposes only. Consult your financial advisor before taking any decisions
INDIAMARTNSE:INDIAMART is very good good stock from B2B space
from the levels of 9700 stock has been corrected more than 50%, mostly this pressure is due to FII selling
but now sentiments has changed, and also company offering good valuations
yesterday in daily time frame stock has made doji and today it breaks it's high.
it is very good opportunity to add this stock in portfolio for short term target of 5136, and long term target of 10000+