NAUKRI - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.7

Here’s a detailed technical analysis of Info Edge (India) Ltd (NAUKRI)

📊 Trend Overview

Phase: Consolidating with weak momentum

Price Action: Trading at the 50-DMA (₹1,384) and below the 200-DMA (₹1,421), indicating indecision and lack of trend strength.

Volume: Below average (10.65L vs 15.12L), suggesting reduced participation and low conviction in current price action.

📈 Momentum Indicators

RSI (53.3): Neutral zone — momentum is neither strong nor weak, indicating sideways movement.

MACD (-3.28): Negative — signals bearish undertone and lack of short-term strength.

Bollinger Bands: Price likely near the middle band, consistent with consolidation and low volatility.

🧭 Chart Patterns

Sideways Channel: Price oscillating between ₹1,350–₹1,420, forming a horizontal range.

Rounded Base Attempt: Price recovery from ₹1,151 suggests a potential bottoming structure, but confirmation is lacking.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 1,350 Minor pullback zone

Support 2 1,300 Previous swing low

Support 3 1,151 52-week low

Resistance 1 1,421 200-DMA, trend reversal trigger

Resistance 2 1,500 Psychological level

Major Resistance 1,839 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹1,350–₹1,385 (on dips with volume confirmation)

Short-Term Target: ₹1,421–₹1,500

Exit Zone / Stop-Loss: ₹1,300 (below swing support)

🔄 Short-Term Outlook

Momentum: Weak and stabilizing

Bias: Neutral-to-bullish above ₹1,384; cautious below ₹1,350

Phase: Consolidating — awaiting breakout confirmation

🧠 Key Takeaways

NAUKRI is in a consolidation phase with neutral indicators and low volume.

RSI and MACD suggest indecision, while price action near support zones hints at potential upward breakout.

A close above ₹1,421 with volume could trigger a move toward ₹1,500–₹1,839.

Let me know if you’d like a chart visualization or screener of similar tech-sector consolidation setups.

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