Momentum Pick - Buy IndiaMART Ltd For Target Rs. 8619 - HDFC Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Momentum Pick - Buy IndiaMART Ltd For Target Rs. 8619- HDFC Securities
After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce.
Today’s upmove could be considered as an upside breakout of the narrow range movement/immediate resistance.
The short term trend seems to have turned positive.
We observe a formation of positive candlestick pattern as per intraday/daily/weekly timeframe chart.
Volume has started to rise along with the upmove in the stock price.
The intraday/daily RSI is showing positive indication.
The overall bullish chart pattern of the stock price indicate long trading opportunity. One may look to buy as per the levels mentioned above.
Buy IndiaMART Ltd Up to 7 days @ Buy between CMP & 7962 CMP 8208.95 TGT 8619 SL 7843
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795
SEBI Registration number is INZ000171337
Above views are of the author and not of the website kindly read disclaimer
