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.
NAUKRI shows mixed signals as it consolidates at 7625.10 after a recent dip. The Bullish Harami pattern and RSI at 45.99 suggest a potential recovery from oversold conditions, while indicators like MACD and Momentum remain bearish. The stock faces immediate resistance at 7800, with further resistance near 8000, while support holds firm at 7500, providing a solid base.
With a 10% drop from its 52-week high and noticeable volatility (ATR suggests active price swings), traders should monitor breakouts above key resistance levels for confirmation of trend reversals. The stock's alignment above the 200-day EMA adds confidence to long-term investors despite short-term pressures. For now, it presents an opportunity for swing trades within defined levels.
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