NAUKRI
#82 TIME TO FLY WATCHOUT🦅#82 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation. And if you have any queries let me know.
Leave a comment that is helpful or encouraging.
NAUKRI (INFOEDGE) consolidating in it's selling zoneI 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.
Naukri double bottom in formation buy above necklinebuy above 5100 in intraday and swing
for swing trade wait for 15 min candle close (only for swing)
and for stoploss use it according to your risk.
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Naukri - BreakoutNaukri after taking a good breakout and retracement, now started for a bull run, so give an entry with appropriate Stop loss
Aggressive traders enter at the breakout and conservative traders may give entry after retracement
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******