IndiaMART, the first and largest B2B digital marketplace in the country
Hi every one indiamart investment buy opportunity created like adani enterprise Buy zone mention with target
NIce INHS breakout seen in Indiamart First Tgt 5100 2nd 5600 sl 4600 tf 1-2 months
Reason for long a) Weekly breakout possible b) consolidation breakout c) SL compulsory
Indiamart has given good breakout and maintained strong momentum after that. Can be added if this momentum continues after a small pull. Or can wait for retest.
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1% - 2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpose
Stocks has giving very good break out if weekly candle close upon my restence line and target is very big has i draw line see for closing of weekly candle
Reason for long a) open = low set up b) good channel support c) vwap support d) good risk reward zone SL compulsory
Reason for long a) breakout b) monthly breakout SL compulsory
Prediction on Indiamart: Bullish based on a multiple confluences. Bullish indications: Trenline break Fib level 0.618 retracement Morning star candle in HL HHHL
In the Weekly Chart of INDIAMART, we can see that, finally it has given close above trendline. Let the trendline be retested and then enter with SL for Higher target.
IndiaMart Intermesh is an India e-commerce company that provides B2B and customer to customer sales service via its web portal. IndiaMart intermesh is an India’s largest online B2B market place, connecting buyers with supplies. CMP – 4549.60. Negatives of the company are high valuation (P.E. = 48.8) and declining annual net profit. Positive of the company are MFs...
Reason for long a) Head and shoulder breakout b) Good visible set up and hence SL compulsory. Visible set up may fail SO SL compulsory c) volume accumulation and looks it is positive volume accumulation
India Mart keep an eye on this stock, forming symmetrical triangle, take action on the side of breakout.