INDIAMART - Beautiful Rounding Top Pattern
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
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Main TG t.me/priceactionchart
Automated TG : t.me/PriceActionChart_TechHub
Only way to succeed in stock market is by learning Price Action.
WhatsApp : 9717077198
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