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
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。
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
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。