NAUKRI (INFO EDGE) Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Infoedge
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.
Naukri -LongNaukri is near demand zone , if sustain on demand zone soon it will reach to marked long targets.
NAUKRI (INFO EDGE) Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
NAUKRI(INFO EDGE) Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
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NAUKRI (INFO EDGE) buy setupBuy NAUKRI upon a weekly close above 1680 (daily close above 1680 for aggressive traders)
T1: 2000
T2: 2200
SL: 1360
NaukriA recent triple top with attempted break out over the 870 levels. The recent bullish pattern is not supported by volumes and the stock is showing a neutral trend with comparison to the Nifty. I would watch this closely as strong break out from here on would confirm a bullish pattern. However, I would think given the current market scenario, we should expect a downward movement and the stock would continue to remain range bound for some time.
