#NAUKRI - Looks strong to buy

Naukari Stock Analysis.

(This view is only for study purpose)

1. Its about form 3 T pattern.. (Please note this is my first attempt to find this pattern it may be wrong)
2. Its has been consolidating in large sell off market. Mean may be institutional accumulating this stock.I do not have evidence yet to confirm that.
3. Volume is drying from its peak to till date.
4. Most its trading from above 200, 150 from mast 9 Months. Its show its strength in it.
5. 150 DMA is crossed from 200 DMA.
6. Its not above 50 DMA.

So Plan is very simple.

1. Wait 2280 Price level.If is above 2280 then buy with 10 % of capital.
2. SL will be around 5 % of last pullback low which is 2068 around.
3. Target - Initially looking for 10-15 %. If success then will keep trailing SL.
Neat MA's buddy.
Momentum_Catcher Bullandbeartrading
@Bullandbeartrading, I don't understand ur comment
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