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tradewidmufeeth
Jul 31, 2022 1:04 PM

InfoEdge / Naukri Breakdown Short

INFO EDGENSE

Description

The stock has broken down and retested, therefore may undergo a mild correction in the short term. Trade is supported by Resitances Nearby.
Risk Reward Ratio - 1.5:1
SL is placed above the resistance zone & the upper trendline. The target is placed near support.
Comments
Keshav2329
and given that is has taken support many times previously from same level, I guess buyers will get active here
Keshav2329
i think it is rather a W pattern breakout, taking a support from a trendline.
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