INDIAMART INTERMESH LTD

Indiamart, this stock has completed consolidation period as wave 4 in weekly, and now it is in wave 5, in wave 5 also possibly it has completed wave I and II in lower degree (daily), and now given breakout with good intensity of volume from it, it seems that wave III has been started, along with positive macd trend indicator in weekly and daily uptick, all other indicators are also suggesting positive trend ahead, one can go long at current levels or in dips ( if any ), with mentioned key levels on chart.

breakout candle with volume, key levels are mentioned on chart

wave structure in weekly could be like this

macd in weekly

macd in daily

rsi in daily

dmi adx in daily

near bbc in weekly

above mid.band in daily


Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing