Info Edge (India) Limited (NAUKRI) Stock - Complete Technical Analysis - Dec 26, 2024

NAUKRI: Mixed Signals with Bearish Patterns

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

For Info Edge (India) Limited (NAUKRI), trading at 8,673, we see a technically mixed picture. The MACD shows bullish momentum, but its position suggests we might be at a turning point before a bearish crossover. The RSI at 58.77 indicates there's still room for upward movement before overbought conditions. The ADX at 22.45 reflects a lack of strong trend direction, possibly indicating consolidation. The stock's placement above all key moving averages signifies a bullish trend over the long term. However, recent price action with patterns like Bearish Harami, Doji, and Spinning Top points to market uncertainty, which could lead to a trend reversal or stabilization. Support could be near 8,500, with resistance around 8,800. The ATR's fluctuations suggest continued volatility, potentially setting the stage for either further movement or a significant directional shift. Monitor these levels closely for signs of bullish continuation or bearish reversal, particularly with the recent candlestick patterns highlighting potential shifts in market sentiment.