Indiamart daily chart shows early signs of an attempt at a probable bottom formation. (Note the words like probable and attempt meaning its too early to conclude. ) Its an interesting chart all the same, mainly because there are two inverted head and shoulders patterns marked. First is the one in dotted lines where breakout happened and after a brief rally, a retest seems to have happened. Second is an impending breakout which will also co incide with a break above 200 dema marked in green.
It does seem to be suitable to occupy a place in the watchlist for potential change in trend.
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