The above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Entry can be done on pullbacks or on CMP as well. It should be accumulated for longer term as well.
For understanding how to trade a Bullish Head & Shoulder Structure, refer to...
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.
Info edge changed its trend and has a beautiful swing trade oppurtunity. Broke 4370 level like a hero and am excited to see its next few days moves. Levels are marked in the chart where i ll take partial profits.
All the key levels are mentioned in chart
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing