ABCD pattern in NaukriNaukri is forming an ABCD pattern.
buy above 4320
stop loss 4050
Target by Mar'24 is 5890, 35 % upside potential
NAUKRIX2024 trade ideas
Stock Analysis: Naukri (Info Edge)
📈 Stock Analysis: Naukri (Info Edge) 🚀
🔍 Current Status:
Stock: Naukri (Info Edge)
Current Price: ₹5200
Buy Zone: Around ₹5000 (Approx)
Target Price: ₹7400
📊 Technical Analysis:
The stock is showing bullish signs with positive momentum.
Key indicators suggest a potential upward movement. (RSI)
Supportive chart patterns indicate a favorable buying opportunity.
🎯 Investment Thesis:
Naukri, part of Info Edge, operates in the thriving online job portal industry.
Positive industry trends and strong company fundamentals support a bullish outlook.
Target of ₹7400 reflects the growth potential and positive market sentiment.
📆 Timeline:
Consider this as a medium to long-term investment.
Monitor market conditions and company news for informed decision-making.
📈 Disclaimer:
This is not financial advice. Do thorough research or consult with a financial advisor before making investment decisions.
Markets are inherently volatile; invest responsibly.
🚀 Happy Investing! 📈🌟
Naukri negative divergence in RSI also trending on Resistance onNaukri negative divergence in RSI also trending on Resistance on daily time frame and price rejection seen there so tomorrow i can see for short
