The above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Entry can be done on pullbacks or on CMP as well. It should be accumulated for longer term as well. For understanding how to trade a Bullish Head & Shoulder Structure, refer to...
There seems to be good chances of a trend reversal from here. Immediate SL of 5000 should be kept in system. A good lead might be possible.
Solid Double Bottom for naukri with tested support now. Feeling pressure from Zomato. Can go in either direction. Just keep a watch. SHORT if goes below support or go LONG. RSI below 60. Still Feeling Bullish on this. Watch out. Levels: BUY @ 5111.25 TARGET @ 5625.95 STOP LOSS @ 4858.45 RISK REWARD: 2.11 :)
Confluence of Daily & 4Hr Bearish GARTLEY Strong POTENTIAL REVERSAL ZONE Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT POTENTIAL SELL
Bearish GARTLEY Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT POTENTIAL SELL
NSE:NAUKRI IT Sector showing strength
it has retested after the breakout and formed a morning star at the retest zone , can expect a good upmove . Im a beginnner, just sharing my views .
Descending Triangle breakout on the daily charts Breakout confirmed by the +ve crossover of 20VWMA and 50SMA
Taking Support at Lower band of Darves box and also good strength on Buying side . BUY AT CMP SL 4800 TGT 5200 in 3 to 4 days
BUY ZONE : 4800 to 4900 Can look for : 5600+, 6400+ View not valid if DAY CLOSE below 4220
Triangle pattern developing in Naukri 1day chart
Whole IT sector is trading at all time high and showing further showing strong momentum . Can move further up to the previous high.