The technical intricacies of NAUKRI (INFOEDGE) indicate a promising buying opportunity.
This is a very good buying opportunity for such a fundamentally strong stock.
Reasons are stated below :
The 5015 levels experienced repeated testing before the price successfully breached them. Presently, the market is undergoing a reevaluation, with the price in the...
Info Edge recently exhibited a breakout from a descending triangle pattern with notable momentum and trading volume. The stock is currently taking a resistance near 4300.
A successful break of this zone has the potential to generate further momentum.
Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal...
Naukri , a leading online job portal in India, presents an attractive opportunity for bullish traders at the current price of 5580. This entry point reflects the strong upward momentum the stock has been experiencing, making it an appealing prospect for potential gains
To draw resistance, use a line chart, closing prices are more clear especially over a longer term. The example demonstrates possible resistance for Info Edge in the near term, if that breaks, next hurdle would be higher. Lets see.
Stock name - Info Edge INDIA Limited.
Daily chart setup
Heavy Volumes
7% to 12% Quick Move Possible
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
Hello Traders,
Critical Zone Breakout from Supply Zone Indicates Potential Downside Momentum,
We have A Supply Zone, And We Breaked a Trend Line So, There is A Potential Move Downside.
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions...
INFO EDGE has given break out. after weeks of consolidation with a good volume on green candle which is good sign for further above.
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I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
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.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
INFO EDGE has given break out. after weeks of consolidation with a good volume on green candle which is good sign for further above. RSI ABOVE 60 one more confirmation.
SL 4700.
target may be near ATH
Ready for the reversal and weekly golden in due
Almost nearing Gann levels @5283(which would be the safest entry)
And the positive thing is that it closes above 1/1 levels
NAUKRI (INFO EDGE) has form a CUP & HANDLE pattern and gave a good breakout with volume.
Now it is retesting the recent resistance.
Find a good pattern in a lower time frame (D or 1Hr) to plan your trade.
Target should be next Resistance level.
