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Technicals for IndiaMART InterMESH Limited
By MusingTheNews
2025-07-16 20:39
Overall Technical outlook
Price Summary
IndiaMART InterMESH Limited's shares sank -2.1% today, reflecting a lacklustre day on the market. On 2025-07-16, INDIAMART's stock started at 2716.0, reached a high of 2745.0, fell to 2646.0, and ended -2.1% lower at 2658.9, with 91506 shares traded. The stock reached its highest price of 3152.45 and its lowest price of 1925.65 during the 52-week period. 20 analysts predict that the future price of INDIAMART will be in the range of 1705.0 to 3800.0, with a mean expected price of about 2503.8.
Technicals
Support and Resistance: The current price is 2658.9, with support at 2637.3 and resistance at 2741.6. This range suggests that the price might move between these levels, with 2637.3 offering support and 2741.6 capping further gains for IndiaMART InterMESH Limited. Support/Resistance for INDIAMART
Aroon: The AROON is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Aroon chart for IndiaMART InterMESH Limited
Bol. Bands: The BOLL BANDS is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Bolinger Bands chart for IndiaMART InterMESH Limited
Parabolic SAR: The PSAR remains bullish in its outlook, setting a key support level that could sustain the ongoing upward trend. This strong support indicates that the market may continue to rise, with the bullish momentum likely to persist for INDIAMART. Parabolic Stop and Reverse chart for IndiaMART InterMESH Limited
Stochastic: The STOCHASTIC is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Stochastic chart for IndiaMART InterMESH Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are aligned in a bearish pattern, signaling a downtrend. However, the slopes of the 20 and 50 SMAs are starting to waver, suggesting that the bearish momentum may be weakening. This could be an early sign of a potential bullish reversal for INDIAMART, as the market's downward trajectory begins to lose strength and a possible shift towards more positive price action may occur soon. Tripple SMA chart for IndiaMART InterMESH Limited
The technical analysis of a company's stock performance is valuable, but only when considered in conjunction with the company's fundamentals. These fundamentals, including financial strength, earnings growth, and leadership, provide a foundation for understanding market movements. Additionally, industry trends and competitive pressures play an important role. By integrating both fundamental and technical analysis, one can better evaluate the company's true potential and make more informed investment decisions.
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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