NAUKRI trade ideas
NAUKRI (INFO EDGE) Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
NAUKRI(INFO EDGE) Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Info Edge- Inverted Head and ShoulderThis caught my attention today evening when i was surfing through the charts, Let me know your thoughts on it.
Please note that this is just an analysis and not a recommendation to buy.
NAUKARITake trade based on your analysis
Buy/Short just above/below the marked line.
Typically for intraday start trailing your stop loss from 0.5% towards target
Stoploss is based on your capacity
I usually hedge towards the stoploss direction
if price opens between the target and entry line, I usually dont trade that scrip.
INFO EDGE CHANNEL+ FIBVolume increasing + lower edge of the channel + upper channel coinsiding with fib top limits. Perfect candidate fir a long. Considering it to be indian company, it will be positively affected by finmin’s recent packages. Hope it goes as planned !!
To the sturdy side naukri is moving. The price above 2683 is bullish.
Expected a small move to downwards and then move towards up-direction.
The price will consolidate within channel
Bullish can mean different things especially for short-term and long-term traders.
NAUKRI going to 2769NAUKRI is a good long position as it is moving i a upward channel
can be a good buying opportunity on monday if price crosses the resistence zone of 2678-2684
keep your eyes on restence and support
please comment if you find some errors and also suggest me what stocks i should analyse
I am still learning
NAUKRI - Info Edge (India) LtdIf broad Index (nifty 50) Support market then we can see some uptrend in NAUKRI .
2685 is long term support which is already broken by the stock.
In near term my target is -
Target 1 - 2802
Target 2 - 2910
Target 3 - 3000
Naukari: Capturing Wave 5 rally (120 Mins)Wave 5 is expected to terminate around 2800-2900 levels. It seems be are wave 3 of wave 5. Follow up move from here would be quite interesting.
Info Edge - Potential breakout candidate. Maybe a small pullback and then another attempt at the breakout. Next time it crosses 2560 go long with a SL 2% below.
Disc: As i am biased towards a pullback in markets i am expecting a small pullback first.
INFO EDGEALL THE LEVELS ARE SHOWN IN THE CHART
PLAN YOUR TRADES ACCORDINGLY
MACD IS ALSO SHOWING NEGATIVE DIVERGENCE
Moving within a chennel A rising wedge is a chart that suggesting a reversal pattern frequently seen in bear markets.
