The 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.
A 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.
If the price moved above 4265 and sustained, then we could see the levels of...
As 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...
LTP : 4,453
Support : 4155-4380
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
Info Edge(Naukri.com) on the verge of breakout from falling Wedge pattern.
Buy only above 3777
Potential upside: 28%
Stop Loss: 3555
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.
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...
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
btw do follow and like it 👍
* 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...
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...
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...
Info 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.
Buy Near 3682 For the 1st Target of 7462 2nd Target 11000, 104% Return,
Note: this is only for educational purposes Please don't Try Intraday Or Margin Trading. If You want to try Only Trade in Delivery ( CNC ) Keep Some Patience, Wait for the target. Thank You.
Low Maded 55% Last Time in Crona TIme Its Maded 49%