INDIAMART - Inverted Head & Shoulder patternAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
INDIAMART trade ideas
INDIAMRT _Platform Stock will Bounce from here Target 25% from here
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Company is almost debt free.
Company has delivered good profit growth of 91.34% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 25.62%
Company's median sales growth is 23.23% of last 10 years
IndiaMART InterMESH Ltd.*IndiaMART InterMESH Ltd.*
Inverted Hammer: Monthly Basis
25 Week Trendline Price BreakOut
*Once Crosses 5260, Further Upside Possible!!!*
*With Price Up, Trail Stop Loss*
*Book Profit as per Risk Appetite*
*Fundamentally Strong Co*
1st & largest B2B digital marketplace in India.
Asset light & Proven model.
Key beneficiary of Tech adoption-India’s MSME universe / shift to formalized
ecosystem.
Increasing Sales/Profitability on Qtrly/Yrly Basis.
RoA/RoE/RoCE in double digits - Though drop from FY20 levels, Higher from FY19 levels.
Continuous Increase in Ops. Cash Flow since Mar'13.
Collections remained encouraging at +25% YoY.
Low Equity / Low Leverage / Sharply Increasing TNW.
FIIs Stake slight decline since Dec'21. DII Stake up since Jun'21. Promoter Stake constant.
*Concern:*
Employee cost up 25% YoY, ARPU dipped 0.8% QoQ (due to higher share of suppliers within lower value package)
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ/Respected.
Happy Investing :)
INDIAMART 1H TFIndiamart forming head and shoulders pattern. It is good to go long in this stock. Also can be added as a long term stock in portfolio.
CMP :- 6671
Target :- 7000+
SL :- 6500
Also it is at a crucial level(61.8% FIB LEVEL) in 1M TF, so it can go back to it's ATH from this point.
Disclaimer :- This is just my view. Please analyse charts yourself and then decide to take any trades.
INDIAMARTNSE:INDIAMART
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
INDIAMARTNSE:INDIAMART
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
INDIAMART INTERMESH LTDIts taking support at major support zone.
Buy near 7283 & 7095
SL 6848
TGT 8390 - 9289 - 9927
its is one of the bluechip stock of NSE resdy to fly with volume. its at major support. Tgts are really huge.
shift SL just below the previous tgt once next tgt is hit.
Please correlate yourself also on charts. this is for educational purpose only. must consult with your financial advisor before investing.