Naukri - Increment imminent ??
Info Edge recently exhibited a breakout from a descending triangle pattern with notable momentum and trading volume. The stock is currently taking a resistance near 4300.
A successful break of this zone has the potential to generate further momentum.
Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong.:)
A successful break of this zone has the potential to generate further momentum.
Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong.:)
Nota
4500 is an acting psychological resistance. We wait and watch :)Nota
As discussed, 4500 is an acting psychological resistance. Price seems to consolidate at this level testing it about 5 times already. Although, long upper wicks are not good signals. This proves, the Market is a paradox. So, We wait and watch.Nota
🚀🚀🚀Nota
Boom 🚀🚀🚀Nota
And 12% In !! The 5000 level will be a determining factor for further up move.Nota
And we see a rejection psychological level. The reason why booking profits based on relevant levels is a good thing.Nota
Bad results : Info Edge Q1 revenue rises 14% to Rs 676 crore, net profit down 50% amid weak IT sector hiringNota
Update: For us, the determined support zone will be 4175. A break and close below it will create uncertainty. This outlook is purely as a swing trader and not as an Investor.Nota
The Price bounced from the support zone.Dagangan ditutup: hentian tercapai
We are out. The EXIT criteria were fulfilled.As we booked part profits around 5000 levels, We came out almost breakeven.
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Our SL criteria was triggered so we were out but the outcome came in really good.Nota
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🎯 You can now access our personal charts for all Nifty 500 companies📈
👉 Visit nas.io/TradeWithTc to learn Price Action with real life case studies.
#BeYourOwnAnalyst
👉 Visit nas.io/TradeWithTc to learn Price Action with real life case studies.
#BeYourOwnAnalyst
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.