One can think of purchasing Naukri at current levels and has to accumulate it till 4200 levels. As it price action is in triangle formation seen in the attachment image. Once breakout is confirm it can go back to previous highs in next 3 months time. So, one can initiate a buy with sl of 4050.
Taking trendline support as wel l as 200EMA support Adding at CMP 4400-4450 Strict SL 4200 tgt as per your greed
Since January in 1D time frame, the stock has been respecting the upper trendline. And since December it's respecting the support at 4400, once broke it and retraced back very fastly. The path expected in drawn and technically upmove has more possibility.
info edge (naukri) also holds stake in zomato... inverse head and shoulder is seen on charts!!1
infoedge daily time frame trendline broken , if 200 DMA support failed it may go deep down before retracement
As it's showing RSI negative divergence.. Wait for more dips and Collect more...
Price action and trend is solid, daily + weekly! Bought today.
support is strong, if price took support i go long, if it breaks short.
InfoEdge or NAUKRI has given perfect breakout over its all time high!
Naukri / Infoedge shows a symmetrical triangle pattern on the daily charts. Its poised to breakout on the upside. Wait for the breakout and pullback before entering the script. This is for information / study only.
Form the double Top pattern with NR7 and Doji candle. A Gap Down opening is expected for tomorrow. ---------------------------------------------------------- (Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
INFO EDGE - TIME TO FALL AGAIN Self explanatory chart
The price action looking weak as it confirmed a Lower High (LH) and now it may continue the downward trend and will fall further down. The price action may reach to following targets. T1- 1900 (1:1) T2- 1600 (2:1) SL - 2360