Matrimony.com Ltd.
做多

Descending Triangle Pattern - Breakout !!

488
Matrimony.Com is involved in the business activities of Operation of web sites that use a search engine to generate and maintain extensive databases of internet addresses and content in an easily searchable format.

The Stock has formed a descending triangle Pattern on charts and there is a clear breakout. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 17% above 200DMA. The RSI is at perfect levels to take long trade.

The Company is fundamentally sound. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth. There has been a continuous increase in stake by FPI and mutual Funds.

Don't miss at these levels. Refer chart for Targets and SL.

Feel free to share your feedback and queries.

免责声明

这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。