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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)

Showing technical analysis as on 2024-04-05 View latest technical analysis

10 day averaged volume of Indiamart Intermesh is 217560

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	2543.20	2540.00	2570.70	2535.00	0.671 times
04 Thu Apr 2024	2538.50	2611.00	2619.90	2535.00	2.35 times
03 Wed Apr 2024	2610.40	2591.05	2615.90	2575.00	1.117 times
02 Tue Apr 2024	2620.65	2727.90	2727.90	2586.85	2.339 times
01 Mon Apr 2024	2711.30	2647.95	2722.55	2638.15	0.57 times
28 Thu Mar 2024	2645.45	2700.00	2700.00	2612.90	1.054 times
27 Wed Mar 2024	2683.65	2720.00	2730.00	2673.05	0.683 times
26 Tue Mar 2024	2688.40	2660.00	2705.00	2653.30	0.573 times
22 Fri Mar 2024	2674.55	2694.90	2694.90	2641.05	0.436 times
21 Thu Mar 2024	2678.65	2596.15	2689.60	2596.15	0.594 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2562.3, but if it comes above 2562.3, then a intra day buy could be more profitable.
If you take a sell trade below 2562.3, then use 2562.3 as stoploss and 2499 as target. However if you take a buy trade in stock , then use 2562.3 as stoploss and 2615.12 as target.

Share price targets for Indiamart Intermesh (INDIAMART)

Target Type	Value
Downside Target	2393.35
Downside Target	2475.00
Upside Target	2675.00
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	2476.17
Downside Intraday Target	2409.13
Upside Intraday Target	2669.07
Upside Intraday Target	2794.93
Upside Intraday Target	2602.03

Weekly technical analysis of Indiamart Intermesh (INDIAMART)

Date	Weekly Closing Price	Open	High	Low	Volume
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
15 Fri Mar 2024	2627.80	2604.50	2689.40	2475.00	4.146 times
07 Thu Mar 2024	2609.25	2675.00	2675.00	2564.20	0.537 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Indiamart Intermesh (INDIAMART)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	2543.20	2647.95	2727.90	2535.00	0.518 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 to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Indiamart Intermesh ( (INDIAMART) ) based on a mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Indiamart Intermesh stock for short term is SELL. Signal strength is Strong and stock is gaining 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 moving up

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 and selling is picking up 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 2616.91 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.