Symmetrical triangle in INDIAMARTPrice is forming Symmetric Triangle pattern, Rising 50 SMA are signs of bullishness. Breakout of upper trend line may lead to bullish swing.
INDIAMART trade ideas
Intraday Trade: watch for trendline breakdownshort below 6940 in Intraday
For stoploss in Intraday use 5 minute chart and see nearest resistance.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapdown or bd before 9:20
If gapdown is more than 1% from bd level than avoid completely.
if less than 1% or gives bd before 9:20 than wait for
first 5 minute candle and entry below 5 minute candle
and revised SL above candle high.
Bear Roar Coming Soon, Mark my word!First Tgt crack 7000, Upper blue line is high resistance. #bearisbear #mybluelines #redcandle
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Swing Opportunity in IndiamartGo Long above 7500.1 for Targets of 7970.2, 8440.3, and 8910.4 with SL 7030
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level.
3. Also there is a strong support zone (marked with green color), from which the stock is taking support and moving up.
indiamart making W patternIndiamart is making W pattern and will give 30% upside up to 9529 from here
INDIAMARTWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
Indiamart Intermash: Showing strength in weak market Indiamart is showing strength in weak market from last 3-4 trading session. Keep on radar
REVERSAL TRADE : INDIAMARTAfter strong UPTREND, INDIAMARTS looks like in Consolidation zone and we can take a Entry at SWING LOW and Exit at SWING HIGH, there is high Probability it can make False Breakout or Remain In Consolidation zone so better to be conservative and take profit at SWING HIGH and wait for further Price Action to enter.
india-mart goes strongly upsideit seems indiamart do flags pattern 3 times and goes up every time to touch the level 8000 hope you are in ride and enjoy the ride
best buy 8000 ace NSE:INDIAMART
Swing Opportunity in IndiamartGo Long above 7456.1 for Targets of 7812.2, 8168.3, 8524.4, and 8880.5 with SL 7100
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level.
3. Also there is a strong support zone (marked with green color), from which the stock is taking support and moving up.
INDIAMART LOOKING GOOD BUY - DEMAND ZONE - LIQUIDITY GRABNDIAMART @ today's closing price of 7597 looks good buy as it has taking out the weaker hands by breaking the August 2021 low and then did good consolidation in the Demand Zone and has bounced up strongly. Buying around 7600 with Stoploss 6870 looks good trade, First Tgt 8600, 2nd tgt 9300
indiamart bullish butterfly (titli)this is the best time to long this stock in delivery for target of 10774
good luck
INDIAMART LOOKING GOOD BUY - DEMAND ZONE - LIQUIDITY GRABINDIAMART @ CMP 7597 looks good buy as it has taking out the weaker hands by breaking the August 2021 low and then did good consolidation in the Demand Zone and has bounced up strongly. Stoploss 6870, First Tgt 8600, 2nd tgt 9300.
INDIAMART intermesh Looks good .INDIAMART intermesh Looks good for intraday .and can give good profit.
Rounding bottom breakout pattern Learning. Educational purposeThis is a chart of indiamart, here i am sharing to learn some logics of rounding bottom along with reasons, targets and stop loss.
Here price has formed rounding bottom, and now it has given breakout along with good intensity of volume at same breakout candle, with supporting views by rsi above 60 at breakout, along with macd running positive crossover and now above zero line.
if price retest the neckline of rounding bottom and rises again then probabilities of win are increased. here stop loss should be bottom of rounding pattern and targets should be double of total depth of rounding bottom to neckline, so our risk rewards ratio would be at least 1:2
price challenging upper bollinger band
supporting indicators
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
Indiamart_Buy Buy BuyIndiamart can be a "Buy" in Options segment with the strict stop loss as suggested. Very lucrative Risk to Reward ratio.
Multiple Trendline Support.. Educational Purpose only.INDIAMART has been taking support multiple times in the range of 6800-7000...
One should wait for a Reversal Bullish Candle for entry..
Keep on Watchlist..
