Naukri (Info Edge) is moving in a rising wedge in 1hr time frame. Keep the track as it may fall once it gives out a breakdown out of pattern trendlines.
Check our yesterday’s call for Naukri (Info Edge) stock. It gave breakout from the flag pattern and now moving up for retesting the trendline again and it has great possibility of falling down further.
Naukri (Info Edge) has given a 1:2 RR (>5%) move in the short side. If you are still in the trade, please book profit now and wait for this level to break and then enter.
Keep this trade on, it still have chances of going down. We will keep you updated for the exit of this trade.