NAUKRIINFO EDGE (Naukri) - has been into a tight consolidation zone for the past few weeks, with quarterly results being announced today
It was consolidating in an ascending triangle pattern zone (bullish pattern) and made a breakout, Now a re-test at 3990-91 zones could be a good buying opportunity for a swing trade with targets of around 4500+ (Trailing post 4500 levels) a stop loss for this trade could be around Rs 3754 (Giving a R:R of 1:1.5)
My Entry will trigger only at or around 3990 levels
Hoping for a positive Quater
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Disclaimer - The idea shared is just for educational purposes with no intention to promote the company, before investing kindly do your own research and also consult your financial advisor, I am not a SEBI registered individual.
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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.