Info Edge Limited - Breakout Setup, Move is ON...#NAUKRI trading above Resistance of 7465
Next Resistance is at 8877
Support is at 6338
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NAUKRI
Naukri Breakout ready to rockHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Forming Ascending Triangle Pattern in 30 Min TF.
* It's Already Break resistance Zone and trying to Sustain Above Resistance Zone and follow up buying is coming.
* Volume Accumulation (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Minor Retest is Possible after breakout.
Naukri (Infoedge) quick 10%The stock seems to be in Wave (v) of Wave 3 that is likely to culminate around 6680 which is also the 1.618 fib level and a resistance level from Nov 2021. This can be seen in the chart. If it corrects from 6660-6700 levels, it may find support at 5750-5650 levels before resuming its advance towards 9000. This is not a trade recommendation. Please do your own due diligence.
NAUKRI –INFO EDGE Analysis & Prediction in WTFThis is the analysis of NAUKRI –INFO EDGE in Weekly Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About NAUKRI –INFO EDGE :
Info Edge India Ltd. engages in the provision of Internet based services through its web portals and mobile applications. It operates through the following segments: Recruitment Solutions, Real State- 99acres, and Others. The Recruitment Solutions segment consists of Naukri and all other allied business which together provides complete hiring solutions. The Real State- 99acres segment includes property listings, builders and brokers branding and visibility through micro-sites, home page links and banners servicing real estate developers, builders and brokers. The Others segment comprises primarily Jeevansathi and Shiksha service verticals. The company was founded by Sanjeev Bikhchandani on May 1, 1995 and is headquartered in Noida, India.
NAUKRI - Weekly chart - Major Trend Reversal, Cup & handle b.o.The analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
NOTE - Usually Price Shows reversal with help of certain setups - Inverted H&S, Cup & Handle, Wedge pattern & Ascending Triangle Pattern.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NAUKRI LOOKS WEAK | SELL AROUND 4800Naukri (Infoedge) has formed a double top on daily chart which is a bearish pattern and expected to come towards 4520 and below levels until 5100 is intact on the upside.
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Happy Trading!
InvestPro India Team
Info Edge - Keep WatchingThe setup is simple to understand by the chart itself. The stock has bounced back from the lower support of the parallel channel. if the momentum continues, may go to 4250/4450 or even a lot more. In a bullish rally, it may go to 5300.
Sustaining below 3960 will show the weakness on the charts. it should travel inside the channel if considering a long setup.
This is only an indicative illustration for learning and sharing purposes, not a piece of trading advice in any form.
Wish you luck.
NAUKRI - Bullish Engulfing Pattern formed at SupportA strong bullish engulfing pattern is formed on an important support level. The support level of 4064 is a 50% Fibonacci retracement level and is also an important psychological level. So the bullish engulfing pattern on such an important level indicates an uptrend.
Trade Zone:
If the price moved above 4265 and sustained, then we could see the levels of 4529
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Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Thanks
Er. Simranjit Singh Virdi
Info Edge - Long OpportunityAs shown on the charts, the stock has been forming a rising wedge pattern for quite some time. This time, trading at the lower levels. if bounces, may be bullish for some time.
MACD also shows a possible crossover.
The Setup fails if sustains below 4140 for two days.
The important thing at this point is a good risk-reward ratio.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
Info Edge India Ltd / NAUKRI Analysis :NAUKRI
LTP : 4,453
Support : 4155-4380
Targets: 4913/5832/6650/7412
Disclaimer:This is my personal view. Prior to making any investment or trade decisions, please consult your financial advisor.
#NAUKRI #InfoEdge #InfoEdgeIndia #StocksInFocus #stockmarket #investing #SGXNIFTY
Positional Trade in Naukri(Info Edge)
Info Edge is India’s premier online classified company with a portfolio of brands. It owns various brands in different fields like naukri.com (online recruitment), 99acres.com (online real estate), jeevansathi.com (online matrimonial) as well as shiksha.com (online education information services). It also acts as an investor and has invested in many start-ups in the online space and is actively growing its investment portfolio.
Market Cap
₹ 57,251 Cr.
Current Price
₹ 4,432
High / Low
₹ 4,625 / 3,308
Stock P/E
272
Book Value
₹ 1,037
Dividend Yield
0.43 %
ROCE
4.27 %
ROE
1.38 %
Face Value
₹ 10.0
Debt
₹ 108 Cr.
EPS
₹ -8.31
PEG Ratio
-102
Promoter holding
38.0 %
Intrinsic Value
₹
Pledged percentage
0.00 %
EVEBITDA
77.8
Best stock for short term trading as well as long term investment. For the short term ideas i have marked everything on chart.
Disclaimer:- Always do your own research or consult with your financial advisor before taking any trades.
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Rahul Pal
Inverse head shoulders pattern spotter on Info Edge (Naukri)Hi friends, as you can see today i have the technical chart of Info Edge (Naukri) . Friends as you can see here that it is making an Inverse Head and Shoulder chart pattern which means it can go up but Some exemptions are also showing possible bear as shown below
Thanks.
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Naukri Target: 1200, reduced IT hiringIndeed is a Japanese company, direct competition with Info Edge brand, Naukri. Naukri valuation / p/e ratio is steep when IT hiring this low.
Naukri or infoedge stock has low liquidity and unjustified upsurge in last 5 days. This calls for selling until 3000 levels achieved (short term).
Long term targets are 1800, 1500, 1200
Sell call options at 4000 spot price, right now.
Long term bearish outlook.
Naukri / infoedge could collapse to 3200 if the market is weak* Consecutive bear flags - the stock drops and then consolidated before doing the same again
* Tech sector is being sold off and this stock has continued to be sold on bounces
* Technically oversold but now that it has consolidated for a few days - expect it to continue its march downwards
* Stop at technical resistance at 3600 - ideally buy an ITM put and leave till expiry