🧠 Technical Rebound Near 200-DMA Support on NAUKRI! 📊

Technical Insight: ✅ Support Zone: Strong price rejection from the ₹1329 level — which aligns with the 200-DMA (blue line) acting as dynamic support. ✅ Price Action: Bullish engulfing candle on daily chart — sign of potential trend reversal or bounce. ✅ Resistance Ahead: ₹1550 remains a major horizontal resistance zone to watch. ✅ MACD: Near a bullish crossover zone, indicating momentum might be turning in favor of bulls. ✅ AVWAP: Anchored VWAP from previous top still above price — breakout needed for further conviction. Fundamental Strength: 🔹 Asset-light model with strong operating leverage 🔹 Large cash reserves, minimal debt exposure 🔹 Market leader in online recruitment services (***** 🔹 Healthy revenue visibility from diversified digital assets 📌 Key Learning: This is a textbook example of a stock respecting its long-term support (200-DMA) and signaling a potential reversal. When fundamentals remain intact, such zones become great low-risk entry areas for swing traders or positional investors.