NAUKRI trade ideas
#NAUKRI (INFOEDGE) - Ascending triangle breakout on daily chartNAUKRI has formed ascending triangle pattern on daily chart. Breakout above 1250
NAUKRI Cup & Handle BreakoutNAUKRI completed the cup and handle , with a huge spike up.
retested the resistance turned support level of yellow.
now holding at the edge of the cup and handle structure at orange.
Gave give a nice move up, if it holds orange level.
Naukri breaks out of 2.5 years rectangleIf the price sustains above 1010 next week, can initiate a BUY.
NaukriA recent triple top with attempted break out over the 870 levels. The recent bullish pattern is not supported by volumes and the stock is showing a neutral trend with comparison to the Nifty. I would watch this closely as strong break out from here on would confirm a bullish pattern. However, I would think given the current market scenario, we should expect a downward movement and the stock would continue to remain range bound for some time.
