NAUKRI trade ideas
NAUKRINSE:NAUKRI
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INFO EDGE (Naukri) LongFollowing upward channel
Ready for breakout above 5642
Buy above 5642 after retest
Keep SL just below 5300
its broken 200 EMA with volume
TGT 6026 - 6559 - 6993
please do correlate by yourself also on charts. This is for educational and paper trading purpose only. Please consult your financial advisor before investing.
NAUKRI - Possible Bullish ReversalNSE:NAUKRI is currently trading at 200 SMA level and also at one of the important support formed by a Fibonacci cluster. Additionally, it's near the Harmonic PRZ level of Bullish Gartley pattern. Volume Zone Oscillator is also consolidating near the lows. If it can hold above 5429 level,Odds are that it might reverse from this level towards target #1 (5840) and then target #2 (5900).
INFOEDGE/NAUKRI AT IMPORTANT LEVELHello Traders,
The last stock given here on tradingview did not close above the buying levels so here I am with a stock that is not a breakout trade but a support/resistance trade. The stock I am speaking about is Infoedge.
Now Infoedge gave a breakout of old resistance and went on a bull run for a 2 weeks or so but then failed to made a higher high and came down, now the point where Naukri is right now is the old broken resistance turned into support and it is supporting and resisting the fall for downward levels.
There is also a long-term trendline providing support at the same place making it a confluence circle so we can have a upmove from the same point again.
RSI has room for bulls
MACD crossing to green levels
Last breakout zone turned support
Trendline support present
Buy Above - 5760
Targets mentioned in the chart above