Naukri ( Info Edge ) - Bears are at the door...

NSE: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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