INFO EDGE (I) LTDShort
Naukri Target: 1200, reduced IT hiring
Indeed is a Japanese company, direct competition with Info Edge brand, Naukri. Naukri valuation / p/e ratio is steep when IT hiring this low.
Naukri or infoedge stock has low liquidity and unjustified upsurge in last 5 days. This calls for selling until 3000 levels achieved (short term).
Long term targets are 1800, 1500, 1200
Sell call options at 4000 spot price, right now.
Long term bearish outlook.
Naukri or infoedge stock has low liquidity and unjustified upsurge in last 5 days. This calls for selling until 3000 levels achieved (short term).
Long term targets are 1800, 1500, 1200
Sell call options at 4000 spot price, right now.
Long term bearish outlook.
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