Info Edge (Naukari) big move soon?This stock is slowly gaining volumes and all set for breakout.., expecting good bull move if nifty reverse the Bull run.
Tgt 1- 5100
Tgt 2- 5600
Tgt 3 - 5900
** Educational Purpose only.
NAUKRI trade ideas
Naukri .com long positionNaukri (infoedge) looking forward for a potential breakout . My target for time being is 5000/5300
With sl to the support line.
Fundamentally company is strong and the whole IT sector rally could be soon.
POSSIBLE BREAKOUT IN NAUKARI IN UPCOMING DAYSin upcoming days thee may be symmetrical triangle breakout possible in naukri watch careful.
this post is for educational purpose only trade on your own risk
Buy NaukriBuy Naukri at cmp add more near 4250,, stoploss 4000...Target 4700 and above
Study : Stock is trading near Fibonacci Retracement level of 78.6% so some bounce can expect
Multiple Trade Confirmation: NaukriDate - 8th June 21
Type of trading - Swing
1 Near to 200 Golden Moving average
2 Respecting support since 7 months.
3 Triangle pattern
4 Multiple MA and DEMA crossover suggesting buy at 4689- 4695
5 About to break the first resistance
6 Bollinger Band- About to break upper BB
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(1) Entry- 4694 (2) SL- 4523 (3) Price Target- 5036 (4) Time Target - 3 weeks
Note: This is just a study and I have all rights to be wrong.
Requesting you to connect with your advisor before taking any decision.
ANOTHER SPACESHIP IN THE MAKING!!!Investor or Trader does not matter. It will take all to outer space. Chart is self explanatory. Oh yes,that statutory warning: SPACE MISSION IS FRAUGHT WITH RISK. USE SEAT BELTS (STOPS) ACCORDING TO YOUR OWN ANALYSIS. This is mine and not a trade recommendation.
Is NAUKRI is going to hit again 5000 Level again?On the weekly chart, Info edge is making momentum, and volume is also good in the last three weeks. Our targets:
Short term target is 4620 in the coming week
Long term target is 5000 in the next 6month to 1 year
INFO EDGENAUKRI, gave very big move in last few years, but now consolidating from last 6 months.
There is very strong trendline above it.
Also it is moving in channel.
So if it gives channel breakout near 4660, move to buy side with first target of 5100. Above that sky is the limit.
Wait for Expiry of MayAs the graph shows the trend formation is there,
But the expiry of May Months is close & having lots of call writing a 4400, working as the resistance.
Also the price got rejection from Anchored VWAP 3 times.
Lets waits for expiry & either side movement.
I Think the expiry will be around 4300~4350
Info edge long analysisIt could breakopen the down trend anytime soon. Having support at daily rsi 40 too.
Info edge triangle pattern breakoutThis looks very good break out for long position. And price is @ 200 EMA. This will be acts good support. Good for long term buying. Price is @ 19 percentage discount from all time highs.
Bullish on info Edge ( Naukri )NSE:NAUKRI is looking to bring a good bull run in it. It had been facing resistance against T2 and taking supports over T1. If we look in the smaller time frame then we may see that it has crafted a pennant pattern (T3 & T4) that has given us a bullish breakout and may bring the bulls in the stock.
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Flag and Pole Pattern - Positional TradeIT sector is expected to show some momentum in the coming sessions. The stock is trading near its support. One can enter at the flag breakout which is also a triangle breakout.
