IDEAFORGE TECHNOLOGY LONG TERM VIEWIDEAFORGE TECHNOLOGY LTD is forming a Double Bottom Pattern and a channel pattern within the double bottom formation as well.
Entry is given at 712
Stop Loss is given at 556
Targets are as follows:
Target 1-886
Target 2-1056
Target 3-1260
Target 4-1345
(These targets will be achieved within 2 years from the date of entry)
NOTE:- This view is purely based on Technical Analysis and is for educational purposes only.
Please consult your Financial Advisor Before taking any trade.
BSE
Deepak Nitrate Next Week Down side Target 2720Deepak Nitrate may see a decline of 2 to 3 per cent next week, with the stock seeing a big drop in the last two sessions. This decline can also be seen in the next week. The stock looks weak on the daily chart. Lamp nitrate can see targets up to 2720 on the downside.
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