A symmetric wedge pattern formation can be seen on the INDIAMART charts, also there is the resistance from the fibs at 0.236 ratio. I would be biased towards shorting INDIAMART. Caution to be exercised. Overall market also looks in mood of correction.
Depending on which trendline is broken, a target of 9500 on upside and 7500 on downside is possible.
I am not a SEBI registered advisor. Please consult your advisor before taking trades.
Depending on which trendline is broken, a target of 9500 on upside and 7500 on downside is possible.
I am not a SEBI registered advisor. Please consult your advisor before taking trades.
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