Naukri-head & shoulder - buy on dips Short covering will happenBreak out of neckline and retested. Buy on dips.
Disclaimer : This is my personal analysis for study purpose not intended for trading
NAUKRI trade ideas
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.
Could be Range Bound Infoedge now seems to be rangebound for a couple of days, And could post a spectacular breakout in the coming days, now is a good time to accumulate the stock.
Disclaimer:- For educational purpose only. Follow for more daily updates
Naukri Cup and handle breakoutCup and handle breakout has already occurred in Naukri on hourly and daily basis. There is a support at around 4000 levels but major support is at 3700-3800 levels. It can be a good buying zone for long term as well as for swing. Wait patiently. Do your analysis before making any fresh positions.
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
BULLISH ON INFO EDGEApril month expected tgt -T1/T2/T3 = 5000/5200/5500
It just my analysis. do not trade on it. do your own analysis..
NAUKRI (INFOEDGE) 1D chart swing trade setup2 support areas, descending trendline breakout, volume is good, macd crossover, stochRSI bullish divergence.
Go long on INFOEDGE with a Target of 4670Info edge has taken support at its long term trend line, buy now for short or long term targets depending on your trading style
Disclaimer:- For Educational Purpose Only
Info edge 4th wave double or triple correctionInfo edge could be completing 4th wave correction or may give final correction in Z wave till 0.618 fibonacci level.
Other details on chart. Since exact end of 4th wave not know so Swing low would be stop loss
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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NAUKRI ( INFO EDGE) - Fresh Rally ?Positive divergences in both the RSI and MFI at the bottom of the Parallel Channel.
Reversal just at the 200 EMA adds on to the conviction.
NAUKRINaukri
Look for shorts opportunity on small bounce near 4645
Sl around 4770
It may come down near 4250-4200 zones.
Short Term BetBuy NAUKRI 4485 SL 4112 TGT 6240
Time Period : 1 to 4 months
Analysis:
*Inverse H&S formed
*Still in good support level
*Triangle Pattern
*Note : Only for Educational Purpose.Paper Trading Recommended
Naukri- WeakNaukri closes below 20 EMA on weekly. Structure is weak and go upto 4000 levels. SL- 4440
