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(INDIAMART) Indiamart Intermesh complete technical analysis [charts+indicators] | Buy/Sell Indiamart Intermesh | (INDIAMART) share price targets

Complete technical analysis of Indiamart Intermesh (INDIAMART) by charts plus indicators, forecast predictions and share price targets for Indiamart Intermesh (INDIAMART)

10 day averaged volume of Indiamart Intermesh is 202817

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	2539.55	2584.00	2615.55	2528.85	0.819 times
16 Tue Apr 2024	2576.05	2544.60	2609.95	2528.15	0.558 times
15 Mon Apr 2024	2550.80	2550.00	2573.10	2513.30	0.419 times
12 Fri Apr 2024	2580.55	2564.15	2607.00	2555.15	0.729 times
10 Wed Apr 2024	2564.20	2562.00	2585.60	2558.05	0.291 times
09 Tue Apr 2024	2562.30	2565.00	2576.00	2546.65	0.424 times
08 Mon Apr 2024	2557.65	2548.45	2578.00	2531.05	0.632 times
05 Fri Apr 2024	2543.20	2540.00	2570.70	2535.00	0.72 times
04 Thu Apr 2024	2538.50	2611.00	2619.90	2535.00	2.521 times
03 Wed Apr 2024	2610.40	2591.05	2615.90	2575.00	1.198 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2551.4, but if it comes above 2551.4, then a intra day buy could be more profitable.
If you take a sell trade below 2551.4, then use 2551.4 as stoploss and 2485.8 as target. However if you take a buy trade in stock , then use 2551.4 as stoploss and 2606.09 as target.

Share price targets for Indiamart Intermesh (INDIAMART)

Target Type	Value
Downside Target	2393.35
Downside Target	2475.00
Upside Target	2615.55
Upside Target	2694.90
Upside Target	2727.90
Upside Target	2730.00
Upside Target	2783.95
Upside Target	2805.00
Upside Target	2912.00

Intraday share price targets for Indiamart Intermesh (INDIAMART)

Target Type	Value
Downside Intraday Target	2496.72
Downside Intraday Target	2453.88
Upside Intraday Target	2598.97
Upside Intraday Target	2658.38
Upside Intraday Target	2556.13

Weekly technical analysis of Indiamart Intermesh (INDIAMART)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	2539.55	2550.00	2615.55	2513.30	0.866 times
12 Fri Apr 2024	2580.55	2548.45	2607.00	2531.05	0.275 times
05 Fri Apr 2024	2543.20	2647.95	2727.90	2535.00	3.051 times
28 Thu Mar 2024	2645.45	2660.00	2730.00	2612.90	1.117 times
22 Fri Mar 2024	2674.55	2629.00	2694.90	2549.35	0.292 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Indiamart Intermesh (INDIAMART)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	2539.55	2647.95	2727.90	2513.30	0.783 times
28 Thu Mar 2024	2645.45	2660.00	2730.00	2475.00	0.632 times
29 Thu Feb 2024	2654.70	2500.00	2805.00	2495.10	0.871 times
31 Wed Jan 2024	2521.35	2721.00	2783.95	2393.35	0.777 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Indiamart Intermesh (INDIAMART)

Price action analysis of Indiamart Intermesh ( (INDIAMART) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Indiamart Intermesh ( (INDIAMART) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Indiamart Intermesh ( (INDIAMART) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Indiamart Intermesh ( (INDIAMART) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Indiamart Intermesh stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Indiamart Intermesh in short term and the sell signal is strong.

Indiamart Intermesh Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Indiamart Intermesh in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Indiamart Intermesh is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2559.77 and Indiamart Intermesh (INDIAMART) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Indiamart Intermesh (INDIAMART) stock. Volume based technical analysis of Indiamart Intermesh (INDIAMART) stock is negative.

Indiamart Intermesh Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.