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Technicals for IndiaMART InterMESH Limited
By MusingTheNews
2025-05-30 20:40
Overall Technical outlook
Price Summary
On 2025-05-30, IndiaMART InterMESH Limited's stock opened at 2326.0, reached 2353.0, hit a low of 2305.0, and rose 0.28% to close at 2332.5, with 86178 shares traded. The stock reached its highest price of 3152.45 and its lowest price of 1925.65 during the 52-week period. Analysts predict that the future price will fluctuate between 1705.0 and 3000.0, with the mean expected price being approximately 2419.3.
Technicals
Support and Resistance: The current price sits at 2332.5, supported at 2231.5 and capped by resistance at 2362.8. These levels define a range for INDIAMART where the price might stabilize, with 2231.5 as a floor and 2362.8 as a ceiling. Support/Resistance for INDIAMART
Aroon: The AROON 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. Aroon chart for IndiaMART InterMESH Limited
Bol. Bands: The current state of the BOLL BANDS 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. Bolinger Bands chart for IndiaMART InterMESH Limited
Parabolic SAR: The PSAR remains bullish, setting a strong support level that could underpin further upward movement. This persistent bullish outlook suggests that the market may continue its positive trajectory, with the established support acting as a safety net. Parabolic Stop and Reverse chart for IndiaMART InterMESH Limited
Stochastic: The STOCHASTIC is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Stochastic chart for IndiaMART InterMESH Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the wavering slopes of the 20 and 50 SMAs hint at a potential shift. This weakening momentum could indicate that the bearish trend for INDIAMART is losing steam, possibly leading to a bullish reversal in the near future. Investors should watch for signs of a market turnaround as the current downtrend shows signs of faltering. Tripple SMA chart for IndiaMART InterMESH Limited
A company's technical data, including stock price and trading volume, can provide valuable insights when considered alongside its fundamentals. These include financial performance, market share, and growth strategy, as well as broader industry dynamics. Examining these factors helps investors or analysts make more informed decisions, as the company's fundamentals offer context for understanding how and why certain technical patterns may emerge in the market.
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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