Indiamart After a downmove price structure bullish now.
Price above of all moving averages cluster.
Big bull candle on chart & good volume.
RSI indicate Bullish
MACD BULLISH CROSSOVER
Chart setup is favour of long position.
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations.
INDIAMART trade ideas
INDIAMART READY FOR A BREAK OUT India mart ready for a break out after long time can give a good positional trade or Swing trade with good targets
ENTRY - 2790
STOPLOSS - 2730
TARGET - 2900, 3000++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea of you like it or traded it.. thankyou
India Mart Bottom BuyHello All,
I am glad you have liked my post and I am sure everyone who have traded on these post would have made profits.
If you like my Idea, Don't forget to Boost and comment on my Analysis.. The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Gautam Khanna
Technical Analyst by Passion :-)
India Mart - what a trade it was todayHello All, I traded in India mart today and made good profit ..
Now waiting to enter it again.
Hello All,
I am glad you have liked my post and I am sure everyone who have traded on these post would have made profits.
If you like my Idea, Don't forget to Boost and comment on my Analysis.. The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Gautam Khanna
Technical Analyst by Passion :-)
IndiamartCMP: 2804.60
1. Trendline breakout and retest
2. Big bar candle
If stock price trendline candle day closing And retest than see bearish movement !
These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
This content for only education purpose!
I am not SEBI Register.
Triangle pattern BreakoutPlease 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
Indiamart may get a start soon...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 and FIIs are increasing stake. No debt, zero promoter pledge, improving cash from operating activity annual and improving book value per share. Entry in the stock can be taken after closing above 4698. The Long Term Target in the stock will be 4908 and 5082. In a very long run the stock can reach 5277 and 5400+. Stop Loss should be maintained at a closing below 4400. For Paper Trading.
RSI ANALYSIS OF INDIAMART INTERMESH!!!i have drawn some lines on rsi panel, which says- RSI's support and resistance. it does not mean that only price can have support and resistance. RSI is also a relative nature with price, so it can also have such trend line parts.
there is a less probabilty of falling more down.
my analysis-
rsi could take a rest on '45-47', then move upwards, price will take rest 'on the blue support line',
if the price falls down, or say it does not gives a breakout in rsi resistance line, then the price could reach its lowest support line(i.e, @3900), and rsi will go below 30, which will then show a rsi divergence from 7th march till the date when rsi went below 30. and this divergence cannot make the price more to fall(since the price would have reached its minimum support line). so the rules are not getting met.
therefore, the stock will rest at 4277, and then continue to move up, rsi will give a breakout.
one more point to add on, red trend line, shows that from he lowest point, the stock has given its breakout, so as the markets move upwards, stock will continue to go higher.