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INDIAMART INTERMESH LIMITEDINDIAMART INTERMESH LIMITEDINDIAMART INTERMESH LIMITED

INDIAMART INTERMESH LIMITED

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INDIAMART trade ideas

INDIAMART- BULLISH PENNANT in making(For educational purpose only, please do your own analysis before taking any position.) -The price brokeout of a downward sloping trend line on August 30. -This was followed by a strong price price movement of around 2000 points in the first week of September. -In the later weeks of this month the stock is forming lower highs and higher lows ( BULLISH PENNANT ), with RSI staying above 50. -Wait for a breakout of this consolidation, and go long after this somewhere around 8400-8500. -Potential target could be the all time high of 9900.
NSE:INDIAMART
by imsaumil
indiamartIndiaMART 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 platform is unique as it enables two-way interactions—suppliers can post their listings and buyers too can post their request for quotations (RFQs). This helps IndiaMART generate high-quality leads for suppliers and gauge supplier behaviour, particularly their responsiveness. While the portal is free for buyers, it charges suppliers for premium listing of supplier storefronts and access to buyer RFQs. Over the years, it has widened listings to 97,000+ product categories spanning 6.5 million supplier storefronts and delivers 50 million business enquiries daily from 125 million registered buyers. With the domestic economy getting digitalised, IndiaMART is poised to benefit from exploding digital transactions. IndiaMART is India’s largest B2B online classifieds marketplace for business products and services. Its online marketplace provides a platform for mostly business buyers, to discover products and services and contact the suppliers of such business products and services. It provides a robust two-way discovery marketplace connecting buyers and suppliers
NSE:INDIAMARTLong
by Tradernawab