Naukri ( Info Edge ) - Bears are at the door...
NAUKRI has given us fantastic bullish move since mid May and now it looks like it has to take some rest. At the current moment, it has crafted a rising parallel channel ( T1 & T2 ) and broke the supporting trendline T2 that may bring up the interest of the bears. It has also made a rising wedge pattern ( T3 & T4 ) that too given us a breakdown.One may short the stock using his/her strategy with a stop loss above 5400.
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Trade closed: stop reached
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