Naukri (InfoEdge) - Bullish after long correction
Technical analysis :-
1. Now at long term support level @ 3600 level,
2. Stock corrected 50%, 52 week high ~7475, now trading @ 3614 (after a inverted Head & Shoulder pattern)
3. Super trend shown buy signal started first time after Sep'22
4. Anticipated Short term target 4800 ie.30% upside from current level.
Fundamental Analysis:-
5. One of the lowest PE online business companies PE of 17
6. Almost Debt free
7. Good Sales growth of 15% yoy
8. Op. Profit Margin increased to 28%
1. Now at long term support level @ 3600 level,
2. Stock corrected 50%, 52 week high ~7475, now trading @ 3614 (after a inverted Head & Shoulder pattern)
3. Super trend shown buy signal started first time after Sep'22
4. Anticipated Short term target 4800 ie.30% upside from current level.
Fundamental Analysis:-
5. One of the lowest PE online business companies PE of 17
6. Almost Debt free
7. Good Sales growth of 15% yoy
8. Op. Profit Margin increased to 28%
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