IndiaMART InterMESH (IndiaMART) is India’s largest online B2B product and services platform, set to sustain strong growth momentum as businesses are increasingly leveraging online channels for efficient procurement. A large and growing number of buyers and suppliers on the platform are driving up business enquiries, further increasing its attractiveness. The...
indiamart breakout seems Study purpose, Support at 7600 and target 10k may be possible as per book
Study purpose, Indiamart Channel breakout.... with Price volume action....May see higher prices...Just for studying purpose
I am not sure yet if Indiamart will breakout out or breakdown from triangle pattern...but levels for BO are marked ( at least we can be optimistic)...keep watching
Down trend and 50 EMA breakout . Buy INDIAMART for the target of 7720 and 8400 . Only for swing trading. NSE:INDIAMART
RSI divergence plus volume analysis
Rising RSI Increasing volume, last 2 days green candle Bullish if sustains above 7400 Rising RS
Indiamart is approaching the demand zone . there could be a long opportunity for 7 to 10 percent (till the upper trend line)or more once it breaches the trend line.
This chart is only for educational purposes and should not be considered for doing any buying and selling in this stock.
Here is what I think India Mart will do in the coming days during the pandemic, till now it has continued a bullish move but time to go bearish.
index:Indiamart has formed a Bearish Butterfly in XABCD pattern.
This beauty has given a break. Enter with proper positions.