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Indiamartanalysis

Indiamart Bullish flagBullish Flag Pattern: The chart displays a downward-sloping channel following a sharp upward movement, forming a bullish flag. This pattern suggests a potential continuation of the prior uptrend. Price Action: The price is currently at 3,045.00, with a recent high around 3,095.45. The consolidation within the flag indicates a pause before a possible upward breakout. Breakout Potential: The drawn line suggests an anticipated breakout to the upside. A breakout above the flag's upper boundary, especially with increased volume, would confirm the bullish continuation. Resistance Level: A resistance level is marked at 3,100.00. A successful breakout above this level could lead to further upward movement. Volume Analysis: The volume bars show moderate activity. An increase in volume during a breakout would provide stronger confirmation of the move. Trading Strategy: Consider entering a long position upon a confirmed breakout above the flag and resistance level, with a target set above 3,100.00. Use a stop-loss below the lower boundary of the flag to manage risk. Not So much confident in this stock. for learning purposes only.
NSE:INDIAMARTLong
by baddonkey99
Can Indiamart move above the dart?IndiaMART InterMESH Ltd. engages in the provision of platform to Small and Medium Enterprises, large enterprises, as well as individuals. India's largest online B2B marketplace, IndiaMART is at the forefront of transforming the landscape to facilitate ease of doing business through a well-entrenched network of hi-tech solutions and services. IndiaMART InterMESH Ltd. CMP is 2717.65. The positive aspects of the company are Mutual Funds Increased Shareholding, Annual Profit Growth higher than Sector Profit Growth, Company with No Debt, Company with Zero Promoter Pledge, FII / FPI or Institutions increasing their shareholding and Growth in Net Profit with increasing Profit Margin. The Negative aspects of the company are High PE (PE=48.8) and Companies with growing costs YoY for long term projects. Entry can be taken after closing above 2742. Targets in the stock will be 2814 and 2857. The long-term target in the stock will be 2917, 2962 and 3018. Stop loss in the stock should be maintained at Closing below 2549 or 2399 depending on your risk taking ability. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:INDIAMARTLong
by Happy_Candles_Investment
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.
NSE:INDIAMARTLong
by raghavchoudhary2016
Nifty at the crucial make or break point NSE:NIFTY On Dec 17, Nifty’s close is very significant as it closed at the point where three support points meet. 1. Support at the central line of the downward channel. 2. Support at the 61.8% Fibonacci retracement level (Aug Low - Oct High) 3. Support at the trend line formed by connecting the bottoms of July 28 & Nov 29 Nifty breaking this point decisively can therefore be seen as signal of further down, probably at accelerated pace.
NSE:NIFTY
by Rajesh_Ramchandani_Delta