NAUKRI INFO EDGE

5 May 2022

This stock is looking like head and shoulder chart patterns breakdown along with good intensity of volume, and it has started its correction as a wave A in 5 subdivisions and then wave B is small and now once price breaks below 4058 then possibly wave C must started, and it should come down in 5 legs only. Below are some supporting scenarios shared.

head and shoulder pattern neckline breakdown on daily time frame


RK's Sell signal activated on daily chart and also price has broken RK"s stop line and mass psychological cloud


MACD on weekly negative crossover below zero


MACD on daily negative crossover and now below zero


price below lower bollinger in daily


rsi breakdown in daily and now below 40


DMI ADX on weekly bearish


DMI ADX on daily bearish


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