Naukri (Infoedge) - Inverted Head and Shoulder PatternNaukri (Infoedge) seems to be forming Inverted Head and Shoulder pattern on Daily Chart with decent volumes. Breakout will be on any closing abv 4870.
NAUKRI trade ideas
food delivery is onnnnnnnnnn....info edge (naukri) also holds stake in zomato...
inverse head and shoulder is seen on charts!!1
NauktiLooks Bullish,
All the key levels are mentioned in chart
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Buy NaukriBuy Naukri above 4520 Stoploss 4450
Study: Stock is consolidating in 1 hour timeframe...Good price action...If breaks this range with volumes then stock can give good momentum
Naukri All the key levels are mentioned in chart
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
NAUKRI is readyfor up move ?NAUKRI formed Bullish Gartley pattern. Can it go up ? Watchout the price at PRZ.
infoedge daily time frame trendline broken infoedge daily time frame trendline broken , if 200 DMA support failed it may go deep down before retracement
Naukri (Info Edge) - Positional ViewAs it's showing RSI negative divergence..
Wait for more dips and Collect more...
Naukri { Short 30 M }Already triggered but still at entry zone , rest is as per charts
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
NAUKRI at WEDGE of BOA Simple 15 mins chart showing a CUP with Good amount of Volume Supporting to BO above 5082-85 Can Give a Good Move Upside towards 75-120 Points, SL keeping below 5355 NSE:NAUKRI
Right Now At Crucial Levelit can take support here.. lets see how price react to this support area.. one can go long here if u see reversal pattern in this zone ..with SL 4940..
if breaks ..next support area is 4740-4677.... Manage ur Risk if u trade in this one
#Naukri #InfoedgeA perfect SIP stock that has been performing for a long time. It came out really strong from the recent crash in the markets.
NAUKRI LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
BUY BETWEEN 4075-4090 FOR TARGET OF 4155 OR IF THE PRICE COMES DOWN BUY NEAR 4000.
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
