NAUKRI: BREAKOUT

Info Edge has a strong management backed by Sandeep Bikchandani. It invests in companies at a very early stage,probably VC funding.Most of the investments have grown leaps and bounds and are ready to bear fruits for them in the form of IPO, where Zomato is one of them followed by PolicyBazaar.
The stock has a high Beta value and is generally shows a strong momentum after any breakout.
The targets and stop loss are shared alongside the above chart pattern.

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