NAUKRI
Naukri (Infoedge)- Pattern which will make you leave your naukriOn friday it has broke its all time high and closed at it days high. breaking it resistance and above it. Breakout traders can go long and pull back traders can wait for it to retest at weekly resistance marked in Yellow. Keep your stoploss below the previous hour low. A decent risk reward ratio of 1.3 can lead to a target of 3225.
NAUKRI Pullback BreakoutNaukri (Info Edge) has crossed a resistance zone with momentum on daily timeframe, followed by a pullback move having a small range.
This indicates an impulsive move may breakout on either side of the recent day candle.
Long above 2810.00
TGT: 2844
Short below 2754.90
TGT: 2722
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
NAUKRI (INFODEGE) ANALYSISNSE:NAUKRI
INFOEDGE has given a breakout from the trendline, but higher prices were rejected and stock has now closed below the supply zone.
Stock has also been able to withstand the market crash and has shown good relative strength.
It is trading above all major EMAs. (20,50,100,200).
Since the trend is bullish,only long trades should be initiated in this stock.However, there will be no valid trade as per setup unless the stock is able to cross the resistance.
Once breakout is done,an upmove of 5-7% is possible towards 2900/2950 level.
RSI(14) is around 60 levels.
ADX(8) is less than 25.
Here is my complete analyis :
1. Weekly Chart
2. EMA
3. Fibo Level
Trade only as per you RR. This is just an analysis and not a recommendation.
NAUKRI going to 2769NAUKRI is a good long position as it is moving i a upward channel
can be a good buying opportunity on monday if price crosses the resistence zone of 2678-2684
keep your eyes on restence and support
please comment if you find some errors and also suggest me what stocks i should analyse
I am still learning