Naukrilong
INFO EDGE Positional setup | SPECIAL ANALYSIS #1BUY WHEN THE TREND LINE BREAKS. MY ANTICIPATION IS IT MIGHT GIVE A GOOD MOVE BEFORE ITS EARNINGS.
Naukri (InfoEdge) - Go long for a target of 5650 (15% upside)Date: 23 April 2021
Naukri (Info Edge) CMP: 4,888
Inverted H&S pattern break out in the chart. Look for a 15% upside target.
All targets and SL given in the chart.
NAUKRI - Inverted Head and Shoulder formation on 1 hr time frameNAUKRI(INFO EDGE) formed an Inverted Head and Shoulder pattern on the hourly chart.
Previous support has now become resistance and acting as a neckline combined with 50 EMA crossing 200 EMA from below.
Naukri to take longLong above 4720 TGT 5450 SL 4015. Bullish engulfing pattern at support level. RSI above 60. Good risk to reward trade. Thsi is for your educational purpose only
Naukri - Bull Flag bullish breakoutNote: This is for educational purpose only.
There seems to be a bull flag pattern breakout with volume. Moreover, RSI above 65 indicates bullish momentum.
NAUKRI LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
The indicator used:
1) Daily Lines plots Daily 20 & 50 EMA on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
Just breaking the resistance 3200 was a good support/consolidation area for this movement, one who bought this script at support level then already 400 points profit and if we are not interested in this breakout one can book this profit else can wait some more time for breakout with confidence because already it gave 400 points profit.
