ElliottWaveInsights

INDIAMART for another 46% DOWN movement

Short
NSE:INDIAMART   INDIAMART INTERMESH LTD
Based on the observed four-wave pattern within the monthly timeframe, there's a distinct possibility for a continuation towards a fifth wave, indicated by prevailing market signals. Consequently, a prudent strategy would involve considering short positions subsequent to a breakout in price action. It's advisable to manage such positions by trailing stops in alignment with downward movements, thereby optimizing risk management within the trade.

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