Naukri (Infoedge) quick 10%The stock seems to be in Wave (v) of Wave 3 that is likely to culminate around 6680 which is also the 1.618 fib level and a resistance level from Nov 2021. This can be seen in the chart. If it corrects from 6660-6700 levels, it may find support at 5750-5650 levels before resuming its advance towards 9000. This is not a trade recommendation. Please do your own due diligence.
Infoedge
E-Commerce Sector breakoutAmong E-Commerce sector, Zomato, Infoedge(Naukri), FSN(Nykaa), One97(paytm), Indiamart, Easytrip, Justdial are the top 7 companies by M.Cap.
Created custom index among 7 and shows clear breakout in weekly chart & RSI
Among them Infoedge is profitable in 5Y period with good technical chart but high valuations
NAUKRI –INFO EDGE Analysis & Prediction in WTFThis is the analysis of NAUKRI –INFO EDGE in Weekly Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About NAUKRI –INFO EDGE :
Info Edge India Ltd. engages in the provision of Internet based services through its web portals and mobile applications. It operates through the following segments: Recruitment Solutions, Real State- 99acres, and Others. The Recruitment Solutions segment consists of Naukri and all other allied business which together provides complete hiring solutions. The Real State- 99acres segment includes property listings, builders and brokers branding and visibility through micro-sites, home page links and banners servicing real estate developers, builders and brokers. The Others segment comprises primarily Jeevansathi and Shiksha service verticals. The company was founded by Sanjeev Bikhchandani on May 1, 1995 and is headquartered in Noida, India.
NAUKRI - Weekly chart - Major Trend Reversal, Cup & handle b.o.The analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
NOTE - Usually Price Shows reversal with help of certain setups - Inverted H&S, Cup & Handle, Wedge pattern & Ascending Triangle Pattern.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NAUKRI LOOKS WEAK | SELL AROUND 4800Naukri (Infoedge) has formed a double top on daily chart which is a bearish pattern and expected to come towards 4520 and below levels until 5100 is intact on the upside.
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InvestPro India Team
Info Edge - Keep WatchingThe setup is simple to understand by the chart itself. The stock has bounced back from the lower support of the parallel channel. if the momentum continues, may go to 4250/4450 or even a lot more. In a bullish rally, it may go to 5300.
Sustaining below 3960 will show the weakness on the charts. it should travel inside the channel if considering a long setup.
This is only an indicative illustration for learning and sharing purposes, not a piece of trading advice in any form.
Wish you luck.
NAUKRI - Bullish Engulfing Pattern formed at SupportA strong bullish engulfing pattern is formed on an important support level. The support level of 4064 is a 50% Fibonacci retracement level and is also an important psychological level. So the bullish engulfing pattern on such an important level indicates an uptrend.
Trade Zone:
If the price moved above 4265 and sustained, then we could see the levels of 4529
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Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Thanks
Er. Simranjit Singh Virdi
Info Edge - Long OpportunityAs shown on the charts, the stock has been forming a rising wedge pattern for quite some time. This time, trading at the lower levels. if bounces, may be bullish for some time.
MACD also shows a possible crossover.
The Setup fails if sustains below 4140 for two days.
The important thing at this point is a good risk-reward ratio.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
Info Edge India Ltd / NAUKRI Analysis :NAUKRI
LTP : 4,453
Support : 4155-4380
Targets: 4913/5832/6650/7412
Disclaimer:This is my personal view. Prior to making any investment or trade decisions, please consult your financial advisor.
#NAUKRI #InfoEdge #InfoEdgeIndia #StocksInFocus #stockmarket #investing #SGXNIFTY
Initiate Long position on #Info Edge above 3777Info Edge(Naukri.com) on the verge of breakout from falling Wedge pattern.
Buy only above 3777
Potential upside: 28%
Stop Loss: 3555
Fundamentals:
Engaged in operating multiple Internet-based services through its various Web portals and mobile applications.
The Company's segments include Recruitment Solutions and Real Estate- 99acres.
Naukri.com provides hiring solutions for both business-to-business (B2B), as well as business-to-customers (B2C).
99acres segment is focused on property listings, builders and brokers branding and visibility through micro-sites, home page links, and banners servicing real estate developers, builders and brokers.
Revenue grew 81% YoY but company faced loss for first time after 10 qtrs of consecutive profits.
Positional Trade in Naukri(Info Edge)
Info Edge is India’s premier online classified company with a portfolio of brands. It owns various brands in different fields like naukri.com (online recruitment), 99acres.com (online real estate), jeevansathi.com (online matrimonial) as well as shiksha.com (online education information services). It also acts as an investor and has invested in many start-ups in the online space and is actively growing its investment portfolio.
Market Cap
₹ 57,251 Cr.
Current Price
₹ 4,432
High / Low
₹ 4,625 / 3,308
Stock P/E
272
Book Value
₹ 1,037
Dividend Yield
0.43 %
ROCE
4.27 %
ROE
1.38 %
Face Value
₹ 10.0
Debt
₹ 108 Cr.
EPS
₹ -8.31
PEG Ratio
-102
Promoter holding
38.0 %
Intrinsic Value
₹
Pledged percentage
0.00 %
EVEBITDA
77.8
Best stock for short term trading as well as long term investment. For the short term ideas i have marked everything on chart.
Disclaimer:- Always do your own research or consult with your financial advisor before taking any trades.
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Rahul Pal
Inverse head shoulders pattern spotter on Info Edge (Naukri)Hi friends, as you can see today i have the technical chart of Info Edge (Naukri) . Friends as you can see here that it is making an Inverse Head and Shoulder chart pattern which means it can go up but Some exemptions are also showing possible bear as shown below
Thanks.
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Naukri / infoedge could collapse to 3200 if the market is weak* Consecutive bear flags - the stock drops and then consolidated before doing the same again
* Tech sector is being sold off and this stock has continued to be sold on bounces
* Technically oversold but now that it has consolidated for a few days - expect it to continue its march downwards
* Stop at technical resistance at 3600 - ideally buy an ITM put and leave till expiry
Naukri Info edge wave counts and much more things.Naukri (info edge)
Friends, please go through details shared below, which are making our bearish bias very strong.
All the key levels are mentioned in chart along with stop loss and Targets.
Possible wave counts on Daily time frame
RK's mass psychological cloud is also suggesting Bearishness ahead.
Bearish divergence in MACD, RSI and STOCHASTIC too.
Currently price below lower band, RSI below 40, MACD negative and below zero line, and finally DMI bearish along with ADX bearish power up.
Breakdown with good intensity of Volume on daily chart, also with further follow up in price action.
MACD in daily Negative with Down tick below zero line
MACD in weekly Down tick below zero line
MACD in Monthly Negative with Down
Price closed below 20WMA mid Bollinger band of weekly time frame.
RSI in Daily is below 40.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Rising Channel formation at Info Edge counter NSE:NAUKRI
Naukri (Info Edge) has its price been trending in a rising channel formation. On 19th Sept, it took the support of the channel and can perform well in short term. Previous supports gave good positional gains of approximately 20/24%. The current support can give an approximate gain of 19%, safe traders can book partial profits at a gain of 10% and trail the scrip further.
CMP - 4065
Target - 4350 / 4550
SL - 3850 (closing basis)
Info Edge - Long SetupInfo Edge has taken support again from a long-term trendline and shown a bounce back. If momentum continues it may go 4280/4390/4580.
All levels are mentioned on the charts. Exit any position in accordance with your risk management.
Only for learning and sharing purposes, not a bit of trading advice.
All the best.