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.
