We can see clear break out with high volume n consolidation for 2 weeks now it can probably go to all time high
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.
In Naukri/Nifty Ratio chart made a inverse head & shoulder pattern after a deep correction , for now high probability #naukri outperform Nifty .
Naukri Broke out of a Descending triangle pattern with good volumes, there is also a double bottom pattern currently forming with neckline at 4635. Potential Targets are 5610 and 6020.
#Naukri Buy above 3880 Above 4000 can do wonders SL can be below 3700 Swing/Positional
In the Weekly Chart of NAUKRI , we can see that, it has given breakout but it is not strong. Also it has made a Big Decision making Halt candle. Lets see which side does it take a Mometum.
Buy above high of breakout candle at 4005.35 stoploss at 3870
#NAUKARI... ✅▶️ Intraday as well as swing trade All levels given in charts ... IF good potential seen then we work in options also if activate then possible a huge movement Keep eye on this ... We take trade only when it activates... Possible to give good target TRADING FACTS
There is inverse head and shoulder pattern break out on daily basis chart. Trader can hold it for short term period.
Price is in a Fresh Weekly Supply which has violated the opposite Weekly Demand which signifies more sell orders in the Current Weekly Supply Reward to Risk ratio is 3:1, Hence short position.
The holdings of Zomato will yield more pain... However, revenue from operations looks consistent. The exceptional items of the balance sheet hurt investor sentiments. As the rising liabilities in last four quarters and astounding expenses on Ads and employees is affecting the operating margin
Reason for long a) consolidation breakout b) Pull back set up SL compulsory
Reason for long a) open = low set up b) Mr.14 set up c) Strong positive OI d) weekly breakout possibility e) triangle breakout f) indicator support All above reason will be invalid if one does not respect the probability. Hence SL compulsory.
This is a future probable trade. Entry, Target and Stoploss are mentioned in the chart. Keep an eye on reversal in the range. Reversal Zone - 3390 - 3460 Trade - Buy SL - 3310 Target - 3610,3720,3820
Day chart of info edge in which it is making triangle pattern breakout of this pattern in anyside can give some movement lets wait for breakout
Massive break out in naukri seen if it holds 4200 level
NSE:NAUKRI One Can Enter Now ! Or Wait for Retest of the Trendline (BO). This stock has consolidated a lot ! Just wait for Weekly Close ! 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...
Taking strong support in triangle pattern, Do your analysis and trade