INFO EDGE (INDIA) LTD.

Long

SWING IDEA - NAUKRI (INFOEDGE INDIA)

By Visionary_Growth_Insights

Updated

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.

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It looks like price is about to break the consolidation phase.

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12% ++ achieved, we are very close to out 1st target.

Trade closed: target reached

15%++ achieved

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Achieved 24.7%++, we are very close to our 2nd target.

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Trend is intact, hold!

Trade closed: target reached

2nd target achieved : 30% +

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trail SL to 5600 on weekly close basis

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new highs, HOLD!

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Achieved 35%++

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we are up by 38% from our buying price, close to hitting our 3rd target

Trade closed: target reached

3rd target achieved : 43%++

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achieved 48%++

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made a high of 50%++

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Bullish Marubozu Candle , hold!

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made a high of 62%++

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made a new high of 68%++

Visionary_Growth_Insights

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