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NAUKRI (INFODEGE) ANALYSISNSE:NAUKRI 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 stock.However, there will be no valid trade as per setup unless the stock is able to cross the resistance. Once breakout is done,an upmove of 5-7% is possible towards 2900/2950 level. RSI(14) is around 60 levels. ADX(8) is less than 25. Here is my complete analyis : 1. Weekly Chart 2. EMA 3. Fibo Level Trade only as per you RR. This is just an analysis and not a recommendation.
NSE:NAUKRILong
by internal_0rgan
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