Naukri has breakout and is now retracing. If support level holds, it should give an awesome uptrend and long position.
PS: For educational purposes only.
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I personally don't like the financials of loss-making zomato, but don't want to miss the chance to capitalize on this unicorn listing!
general fact- Info edge bought zomato for 1.16 rupees per share!
TGT< ENTRY AFTER RETEST < SL
all marked in the chart!
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--Buy = 5002
--Target = 5520
--Stop-loss = 4769
--Expected Profit = ( 10% )
--Expected holding = 1-2 months
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I had already booked profits in NSE:NAUKRI last week around 5000 levels. Since then it has been consolidating. Volumes are also low. RSI is above 50 but facing downwards. Price is still above 9 and 20 DEMA. So if it gives breakout then it can show 5300-5400 levels anytime soon. If it's not able to sustain and it comes to 4300 levels again then we shall enter again.