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Technicals for IndiaMART InterMESH Limited
By MusingTheNews
2025-04-25 20:39
Overall Technical outlook
Price Summary
IndiaMART InterMESH Limited's stock slid -2.55% today, marking a mediocre performance in the market. On 2025-04-25, IndiaMART InterMESH Limited's stock opened at 2307.0, reached a high of 2324.9, dropped to a low of 2220.0, and closed lower -2.55% at 2248.1, with a trading volume of 72236 shares. Throughout the 52-week period, the stock hit a high of 3152.45 and a low of 1925.65. According to 19 analysts, the future price is anticipated to vary between 1705.0 and 3600.0, with an average expected price of around 2455.0527.
Technicals
Support and Resistance: The current price of 2248.1 is supported at 2231.5, with resistance at 2294.85. This suggests that the price for INDIAMART might remain between these levels, where 2231.5 acts as a floor and 2294.85 as a ceiling in the market. Support/Resistance for INDIAMART
Aroon: The current state of the AROON is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Aroon chart for IndiaMART InterMESH Limited
Bol. Bands: The current reading of the BOLL BANDS indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Bolinger Bands chart for IndiaMART InterMESH Limited
Parabolic SAR: The PSAR remains bullish, setting a critical support level that may help sustain the market's upward trend. This persistent bullish outlook suggests that the market is likely to continue climbing, with the support level offering a foundation for further growth. Parabolic Stop and Reverse chart for IndiaMART InterMESH Limited
Stochastic: The stochastic indicator for IndiaMART InterMESH Limited shows the K-line below the D-line but still above 80, hinting at the possible onset of a bearish price move. This could indicate that the market's recent strength is waning, with a potential downturn on the horizon. Traders should keep an eye on this development for further signs of weakness. Stochastic chart for IndiaMART InterMESH Limited
Tripple Moving Agerage: The Tripple MOVING AVG is showing a neutral stance, not indicating a clear upward or downward trend for IndiaMART InterMESH Limited. This suggests a period of market balance, where neither side is showing dominance. Tripple SMA chart for IndiaMART InterMESH Limited
A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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