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Visionary_Growth_Insights

SWING IDEA - NAUKRI (INFOEDGE INDIA)

Long
INFO EDGE (INDIA) LTD. (BSE_DLY:NAUKRI)  
Visionary_Growth_Insights Updated   
BSE_DLY:NAUKRI   INFO EDGE (INDIA) LTD.
Trend Analysis Chart Patterns Technical Indicators swingtrading NAUKRI longsetup buyzone Technical Analysis priceactionanalysis nse BSE Equity
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trendanalysis chartpattern indicator swingtrading naukri longsetup buyzone technicalanalysis priceactionanalysis nse bse equity
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 midst of revisiting and reassessing these critical levels.
  • A positive doji candle has formed at the 5015 level on daily time frame.
  • Price is above 50EMA and 200EMA i.e the trend is intact.
  • Broke strong consolidation of 2years.
  • Price broke the crucial level of 5015 with a marabozu candle (with high volume).

Target - 5751 // 6542 // 7178
StopLoss - weekly close below 4670
Trade active:
Price made a high of 7%+ and is now retesting crucial levels.
we can add more quantity.
Comment:
It looks like price is about to break the consolidation phase.
Comment:
12% ++ achieved, we are very close to out 1st target.
Trade closed: target reached:
15%++ achieved
Comment:
Achieved 24.7%++, we are very close to our 2nd target.
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