Support Levels: Immediate support at ₹2,830.81 Secondary support at ₹2,766.06 Strong support at ₹2,479.35
Technical Indicators: EMA Setup: IndiaMART is holding well above both its 21-day and 200-day EMAs, which indicates short-to-mid-term bullish momentum
My View: IndiaMART is a solid bet in the current market with a well-defined risk-reward setup. As the stock is consolidating near key support levels, I expect a breakout toward ₹8,500+ levels in the medium to long term.
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