Info Edge (India) Limited (NAUKRI) Stock - Complete Technical Analysis - Sep 17, 2024

Info Edge Stock Analysis: Key Support & Resistance Levels Bullish Indicators Breakdown

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. Info Edge (India) Limited (NAUKRI) is trading around 7805, not far from its 52-week high. The stock exhibits a strong bullish trend, evident from positive MACD and Bull Bear Power indicators. The RSI and Stochastic indicators are approaching overbought levels, signaling that the stock might face some resistance soon. The ADX indicates a strong trend, while the Awesome Oscillator and Commodity Channel Index further confirm the bullish momentum.

Key support for NAUKRI is around the 7600 mark, which aligns with the Ichimoku Base Line and various moving averages. A significant support zone is also visible near 7400. Resistance is likely near the recent 52-week high of 7943, with potential additional resistance if the stock surpasses this level, possibly pushing towards 8000. Given the ATR's indication of high volatility, traders should be prepared for significant price swings. Watching these support and resistance levels will help in making informed trading decisions and navigating potential market fluctuations.