#NAUKRI : short term trade idea:
š This large cap stock has been corrected by 50 % since November 22.
š After correcting, the counter has formed the inverse Head and shoulder pattern on the daily chart and broke it out successfully on 8 may 2023.
š One can initiate fresh long entries at CMP 3930 with the stoploss of 3750.
š Our targets for short / mid term will be 4350 (10%) and 4920 (24%).
š Holding period should be 1 month to 3 months.
