NAUKRI Break outNote: This is for educational purpose only.
There seems to be a breakout on higher side in Naukri. Candle stick pattern "Bullish Engulfing" while breakout. Moreover, there is a rise in buying volume as well.
NAUKRI trade ideas
Buy Naukri 2779-2805Technical Trade - Price is consolidating above 50DMA and its contracting. I will be buying this stock above 2779 with a stop loss of 2680.
NAUKRI (INFODEGE) ANALYSISNSE:NAUKRI
INFOEDGE has given a breakout from the trendline, but higher prices were rejected and stock has now closed below the supply zone.
Stock has also been able to withstand the market crash and has shown good relative strength.
It is trading above all major EMAs. (20,50,100,200).
Since the trend is bullish,only long trades should be initiated in this stock.However, there will be no valid trade as per setup unless the stock is able to cross the resistance.
Once breakout is done,an upmove of 5-7% is possible towards 2900/2950 level.
RSI(14) is around 60 levels.
ADX(8) is less than 25.
Here is my complete analyis :
1. Weekly Chart
2. EMA
3. Fibo Level
Trade only as per you RR. This is just an analysis and not a recommendation.
Naukri -LongNaukri is near demand zone , if sustain on demand zone soon it will reach to marked long targets.
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.
