Retested the breakout, holding 20 ema RSI broken out, at levels of 60 Support at levels of 4720 Hold for targets of 5180, 5500
#Naukari #infoedge #tringlepattern Triangle PATTERN BREAKOUT Happy LEARNING 😃
Stock has risen after forming double bottom. Levels mentioned on chart. Please use comment section for any queries
NAUKRI / INFO EDGE INDIA gave good trend line breakout on daily charts. Quarterly results on 21 JUNE 2021. Attached link for 2 hourly chart where channel pattern is seen, can be used to time entry.
NAUKRI (InfoEdge) was suggested on 3rd June at 4550 on TradingView and even before that to my group members. Today's breakout will lead it to 5000, 5200 & 5600 soon!
LOGIC ,LEVELS AND TARGET WELL MENTIONED IN THE CHART NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success. (Do talk to your financial advisor before making any investment decisions) please like, share and comment if you have any suggestion regarding this analysis THANKS
naukri, results after 2 days, keep a close watch for triangle breakout or breakdown,,
Medium Term Trade(2-3 months): Info Edge India has broken above a falling trend line. Buy: Info Edge India CMP: 4847 Target: 5400 Stop Loss: 4600
Buy Naukri at cmp add more near 4250,, stoploss 4000...Target 4700 and above Study : Stock is trading near Fibonacci Retracement level of 78.6% so some bounce can expect
On the weekly chart, Info edge is making momentum, and volume is also good in the last three weeks. Our targets: Short term target is 4620 in the coming week Long term target is 5000 in the next 6month to 1 year
NAUKRI, gave very big move in last few years, but now consolidating from last 6 months. There is very strong trendline above it. Also it is moving in channel. So if it gives channel breakout near 4660, move to buy side with first target of 5100. Above that sky is the limit.
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Naukri: taken support at 78.60% fibo level also on weekly chart its apna wala candle....Naukri: on daily chart W formation with apana wala candle with volume....good candidate for positional long
I thought of giving some more light to this potential stock: Might be able to test ATMs
I have tried to include everything in this chart for better understanding!