Exide Industries Long8-year long consolidation breakout can be seen in weekly chart of Exide industries. The stock looks good for next 5-6 month period
Postionaltrade
My vision on Naukri (Info Edge).Hello Traders .....
Correction in the price is very important for the traders, it gives us the opportunity to enter a stock before a new trend.
Because we always see a correction before the start of the new trend.
The same styled correction is seen in Naukri.
Naukri is corrected more than 50% from the highs.
And now we see the signs of the completion of that correction, as the price successfully tested its 200ema.
The stock takes about 1 year to complete its correction on the weekly chart. So, we can say that it's a healthy correction.
Now it's time to track the stock for the buying opportunity.
We have to wait for the price to settle above all moving averages.
And for the event when it gives a breakout of the nearest resistance.
From that level the price has the potential to be doubled.
So, keep tracking the stock and don't miss the golden opportunity.
And don't forget to manage your trades with an exit strategy.
Happy and Safe Trading
Thanks
Er. Simranjit Singh Virdi
