lNDIAMART - looks good for long position.
NSE:INDIAMART has recently breakout its resistance level 5200, indicating a potential uptrend.
Price retested the level and moved upward with long green candle.
50 EMA crosses 200 EMA in daily time frame.
Traders may consider entering a position in the range of 5600-5800, with target levels at 6800 & 7900. It is important to note that trading carries a risk of loss, and a stop loss at 5180 is recommended to limit potential losses if the trade moves against expectations.
As always, it is important to conduct thorough research and analysis before making any trades. This post is not financial advice and should not be considered as such.
Price retested the level and moved upward with long green candle.
50 EMA crosses 200 EMA in daily time frame.
Traders may consider entering a position in the range of 5600-5800, with target levels at 6800 & 7900. It is important to note that trading carries a risk of loss, and a stop loss at 5180 is recommended to limit potential losses if the trade moves against expectations.
As always, it is important to conduct thorough research and analysis before making any trades. This post is not financial advice and should not be considered as such.