Naukri on daily time frame has reached its resistance of 4544 which it has not crossed since Aug'23. Pattern-wise, I can see cup & handle formation but RSI is also at its resistance level of 72.64. So I will plan to go short tomorrow if there is any sign of reversal at 4550/4580 level where my SL will be very small. If price can sustain above 4577 at least for 1...
📢 Support Broken📢
CMP: 4048.86
If stock price 4004.25 day closing candle below than bearish movement see in coming days!
These are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar 📡
This content only education purpose!
❗I am not sebi ragister❗
Price took support at fibonacci crucial golden zone
I will enter once price breaks falling wedge pattern
if price breaks falling wedge pattern immediately enter after at least when 1hr candles closes above it with SL -4100 OR based on your risk appetite.
4300 and 4500 are hurdles.
INFO EDGE
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Triangle Pattern.
📊 It can give movement upto the Reversal target of Above 4332+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 5083+.
📊 Can Go Long in this stock by placing stop loss below...
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You...
NSE:NAUKRI
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss,...
Price is in Uptrend as its violating the Supplys and Respecting the Demands now there is a Fresh Weekly Supply @ 5482.00 and currently the Price is in a Weekly Demand, this Demand has a favourable Reward to Risk ratio hence a Buy Trade
ENJOY THE RIDE ! ! !
The stock price of Naukri was trading in a weekly downtrend since October 21 and then started ranging between 4625 and 3300.
This consolidation could be the accumulation phase and if this consolidation gives a bullish breakout, a new UPTREND in Naukri will begin.
If weekly candle closes above 4625, NAUKRI can be a good pick for mid-term investment.
Ascending triangle chart pattern in 4 hour time fram take break out at resistance level with High volume and make retest at that level also make double bottom in weekly time fram that's bullish Sign , RSI and MACD saw fair value for bullish trend so first Target will be 4820.25 and Stop loss will be 4001.85
This is for educational purpose not a trading advice so...
A very good correction and rejection from major levels charts suggest a buy .. chart structure can change .double bottom + descending triangle ✨ a techincal pick not a fundamental.
![NAUKRI: [Positional] Naukri Retracement Bet Buy](https://s3.tradingview.com/4/401NnPmr_mid.png "[Positional] Naukri Retracement Bet Buy")
