Naukri Stock Update: Potential Upside Ahead

Naukri Stock Update: Potential Upside Ahead

Last week, Info Edge’s stock Naukri closed higher above its important weekly resistance at Rs. 5550, reaching Rs. 5592. This positive momentum has continued into the opening of this week, with the stock holding steady.

For the past few months, Naukri’s prices have been consolidating in the range of Rs. 5100 to Rs. 5350. However, with the recent breakout above the resistance level, we can expect prices to stay positive in the coming weeks.

Potential Upside Targets

Based on the recent breakout, it is likely that Naukri’s stock will continue its upward trend. We can anticipate the stock to test the levels of Rs. 6000 to Rs. 6500 and potentially even higher.

This positive outlook is supported by the strong momentum and the breakout from the consolidation range. Investors and traders should keep a close eye on the stock and consider taking positions to benefit from the potential upside.

Conclusion

Naukri’s stock, part of Info Edge, has shown promising signs with its recent breakout above the important weekly resistance level. The stock is holding steady and has the potential to reach levels of Rs. 6000 to Rs. 6500 and beyond. Investors and traders should closely monitor the stock’s performance and consider taking advantage of the potential upside.

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