Trend Line break. Short at retest.
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Buy NAUKRI upon a weekly close above 1680 (daily close above 1680 for aggressive traders) T1: 2000 T2: 2200 SL: 1360
NAUKRI completed the cup and handle , with a huge spike up. retested the resistance turned support level of yellow. now holding at the edge of the cup and handle structure at orange. Gave give a nice move up, if it holds orange level.
A 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...