NAUKRI trade ideas
Infoedge breaking out resistance into ATHLook at the graph. It always stayed below 1st and 2nd resistance till last week. Now both resistance are broken out and stock is at all time high.. and it is always believed that stock rallies to another 20 to 30 % when it's at ATH.
Note: it's not a recommendation.. Still trying to learn.. feedbacks are welcome..
NAUKRI - Formation of Bullish H&S pattern - Medium/Long TermThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Entry can be done on pullbacks or on CMP as well. It should be accumulated for longer term as well.
For understanding how to trade a Bullish Head & Shoulder Structure, refer to the ideas linked below.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
Naukri aka 'Info Edge' Possible Breakout: HUGE OPPORTUNITYSolid Double Bottom for naukri with tested support now. Feeling pressure from Zomato. Can go in either direction. Just keep a watch. SHORT if goes below support or go LONG.
RSI below 60. Still Feeling Bullish on this. Watch out.
Levels:
BUY @ 5111.25
TARGET @ 5625.95
STOP LOSS @ 4858.45
RISK REWARD: 2.11 :)