Get started
INFO EDGE (INDIA) LTD.
Short

Info Edge (Naukari) Weakness Ahead

By NeeteshJain
Updated
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
Note
As the stocks opens in green today and then extended the rally. The chart idea did not go active due to impulsive early movement in the morning. Now, it is wise to keep at watch and wait for weakness in price action near resistance zone.

snapshot

(Chart for reference)
Note
As expected, price action reverses from the resistance zone, now once it breaches 2300 levels then it confirms further weakness ahead as earlier expected. #watchlist.
snapshot
Note
The time has come when we could see clear break out from the trend line.
snapshot

Now,
T1- 2200
T2- 2000
SL- 2440
bigshortElliott WaveinfoedgeSupport and ResistanceTrend Lines
NeeteshJain

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.