Info Edge (India) Limited (NAUKRI) Stock - Complete Technical Analysis - Nov 28, 2024

Info Edge (NAUKRI) Stock Analysis: Support, Resistance, & Key Levels Technical Insights for Trade

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) stock, trading at 8,202, the technical indicators reveal a mixed short-term outlook. The stock is positioned above the 10-day and 20-day moving averages, signaling short-term bullishness. However, the RSI at 57.45 is in neutral territory, indicating that the stock is neither overbought nor oversold. The MACD is still positive, supporting the bullish bias.

Key support is observed at 7,700, with the potential for a deeper pullback to 7,000 if this level breaks. On the higher side, resistance is found at 8,500, which could act as a major hurdle for further upside movement. If the stock manages to break through this level, we could see a further rally towards 9,000.

The ATR is moderately high, indicating that volatility is present, and the stock could experience fluctuations in the short term. The Stochastic RSI is also nearing overbought territory, which suggests a potential pullback or consolidation before any further advances.

In conclusion, NAUKRI stock shows an overall uptrend, but caution is required as it nears resistance levels. Traders should watch for a breakout above 8,500 or a reversal around 7,700 to 7,000 support.