INDIAMART has formed a beautiful textbook rounding top pattern since Sep 2020. This 18 months long pattern indicates bearishness if neckline around 4400-4300 is broken.
We will plan intraday trade as per level and once this breakdown is sustained, will look for positional short opportunity.
Trade for intraday should be initiated if stock opens around 4400+ and falls below 4375. For safe traders, better to take entry below 4300.
It should be avoided in case of gap down below 4350. Possible entry in case of gapdown if this retraces to 4390-4400 level.
Thanks
Piyush Gupta
Learn & Earn
We will plan intraday trade as per level and once this breakdown is sustained, will look for positional short opportunity.
Trade for intraday should be initiated if stock opens around 4400+ and falls below 4375. For safe traders, better to take entry below 4300.
It should be avoided in case of gap down below 4350. Possible entry in case of gapdown if this retraces to 4390-4400 level.
Thanks
Piyush Gupta
Learn & Earn
All studies for for learning purpose only.
These are not trade recommendations
Not responsible for any profit or loss
These are not trade recommendations
Not responsible for any profit or loss
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
All studies for for learning purpose only.
These are not trade recommendations
Not responsible for any profit or loss
These are not trade recommendations
Not responsible for any profit or loss
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.