INDIAMART - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.6

Here’s a detailed technical analysis of IndiaMART InterMESH Ltd (INDIAMART)

📊 Trend Overview

Phase: Reversing with weak momentum

Price Action: Trading below the 50-DMA (₹2,562) but slightly above the 200-DMA (₹2,463), indicating a fragile support zone and potential for trend reversal.

Volume: Above average (1.41L vs 85.8K), suggesting increased activity, possibly due to bargain hunting or short-covering.

📈 Momentum Indicators

RSI (41.0): Bearish zone — signals weak momentum and potential for further downside unless reversal confirms.

MACD (-3.74): Negative and diverging — confirms bearish undertone and lack of short-term strength.

Bollinger Bands: Price likely near the lower band, indicating oversold conditions and potential for technical bounce.

🧭 Chart Patterns

Descending Channel: Price has been declining from ₹3,130 highs, forming lower highs and lower lows.

Base Formation Attempt: Stabilization near ₹2,500–₹2,525 zone suggests possible bottoming, but confirmation is needed.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 2,500 Immediate base zone

Support 2 2,463 200-DMA, long-term support

Support 3 2,300 Previous swing low

Resistance 1 2,562 50-DMA, short-term ceiling

Resistance 2 2,650 Minor resistance zone

Major Resistance 2,800 Breakdown zone from prior support

🎯 Entry & Exit Zones

Optimal Entry: ₹2,463–₹2,525 (on dips with reversal confirmation)

Short-Term Target: ₹2,650–₹2,800

Exit Zone / Stop-Loss: ₹2,300 (below swing support)

🔄 Short-Term Outlook

Momentum: Weak and bearish

Bias: Bearish below ₹2,562; neutral-to-bullish only above ₹2,650

Phase: Reversing — attempting to bottom out after prolonged decline

🧠 Key Takeaways

INDIAMART is showing early signs of a reversal but remains technically weak.

RSI and MACD confirm bearish undertone, while price action near support zones hints at potential base-building.

A breakout above ₹2,562 with volume could confirm trend reversal and open upside toward ₹2,800.

Let me know if you’d like a chart visualization or screener of similar reversal setups in the tech or B2B space.

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