Forecasting Infoedge #Naukri

Infoedge on monthly charts has given a breakout of cup & holder formation. 4692 happens to be a very critical resistance for the stock. Any breakout above 4692 will be a start of an upward rally to 5646 (22% upside). Wherein, the stock may consolidate and start for fresh bullish wave to its previous all time high of 7390 which will also be Target 2, reaching that levels would means a big rounding bottom formation.

However, the bullish wave may not end there, using Fibonacci retracement guidance the stock may extend to 10000 levels.

Note: Please consult your financial advisor before investing