SWING IDEA - NAUKRI (INFOEDGE INDIA)

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

Transaction en cours:

Price made a high of 7%+ and is now retesting crucial levels.
we can add more quantity.

Commentaire:

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

Commentaire:

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

Trade fermée: cible de profit atteinte:

15%++ achieved

Commentaire:

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

Commentaire:

Trend is intact, hold!