Naukri (Info Edge) has crossed a resistance zone with momentum on daily timeframe, followed by a pullback move having a small range.
This indicates an impulsive move may breakout on either side of the recent day candle.
Long above 2810.00
Short below 2754.90
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
INFOEDGE has given a breakout from the trendline, but higher prices were rejected and stock has now closed below the supply zone.
Stock has also been able to withstand the market crash and has shown good relative strength.
It is trading above all major EMAs. (20,50,100,200).
Since the trend is bullish,only long trades should be initiated in this...