IndiaMART InterMESH Ltd.
Long

IndiaMART InterMESH Ltd (INDIAMART) - Technical Analysis Update

163
Current Market Price (CMP): ₹3,059.90
Target: ₹5,500+
Entry Range: ₹2,800 – ₹3,000
Stop Loss: Below ₹2,650

Moving Averages:
21-Day EMA: ₹3,048.80
200-Day EMA: ₹3,016.70

Support Levels:
Immediate support at ₹2,830.81
Secondary support at ₹2,766.06
Strong support at ₹2,479.35

Technical Indicators:
EMA Setup: IndiaMART is holding well above both its 21-day and 200-day EMAs, which indicates short-to-mid-term bullish momentum

My View: IndiaMART is a solid bet in the current market with a well-defined risk-reward setup. As the stock is consolidating near key support levels, I expect a breakout toward ₹8,500+ levels in the medium to long term.

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