Going through the chart of Naukri.com, I observed that it has perfectly played an impulse upside. The Chart is very beautiful and stock run as per the Elliot wave Rules and Regulation and also Respects Fibonacci Series/Ratios. We have completed the 5 impulsive waves in Naukri.com(weekly chart) and we have given it a cyclic number [1] and it is correcting in cyclic wave [2], whose "A" part seems has completed and currently in B wave upside that has a target of around 5000-6000 roughly. Existing Longs can be hold for the above target and New buying can be initiated near 2880-2900 levels.
This is not a trading/investment advice, pls consult your financial advisor before any trade activity. Please follow/Like if the chart is worth it.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.