The_SharkTrader

Infoedge is at point where it can turn around

Long
NSE:NAUKRI   INFO EDGE
It is consolidating from many weeks, and it is not so strong yet, but it is at a point where if it has to run this is the level where it can reverse, marked SL may hit, but the low market here is the ultimate stop loss, reentry can be found if SL hits, but worth considering the trade
Comment:
This structure is completed now with Inverted H & S & and which gives a new entry to the set up with similar small SL as last time, and wait for target.
Also in longer TF we can expect price to move further high as this is a price reversal pattern and this low may become the history.

Disclaimer

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.