Cup and Handle formation is seeing on the daily chart. Naukri looks trendy and traders should watch 5325 levels carefully.
The break-out level is at 5325 levels.
Three consecutive closes + weekly close above 5325 will see a nonstop rally till 5900—6300+++ levels in days to come.
Our positive view gets negate on a close below 4800 levels only.
Traders may go long above 5325 and accumulate in panic with stop loss below 4800 on a closing basis for the upside target of 5800–6300.
Chances are bright to test 9000 levels- Good for investing.