Info Edge (Naukri): Bullish Structure Remains Intact

has maintained a strong bullish structure on the daily chart after a sharp recovery from the ₹950–1,000 zone. The stock recently broke out from a consolidation pattern and is now sustaining above the ₹1,330–1,350 zone, indicating that buying interest remains strong at higher levels. Technically, the stock is trading comfortably above its key moving averages, with the short-term averages supporting the uptrend. The recent consolidation near ₹1,330–1,380 appears to be a healthy pause after the strong upmove. A sustained breakout above ₹1,380–1,400 could open the way towards ₹1,450 and ₹1,500 levels. Momentum indicators remain supportive. MACD is positive and showing an improving trend, while RSI is around 72, reflecting strong momentum. However, RSI is also in the overbought zone, so some profit booking or short-term consolidation cannot be ruled out. The ₹1,320–1,330 zone is an important near-term support, followed by ₹1,280. As long as the stock holds these levels, the broader bullish structure remains intact. Overall, the technical setup is positive. Fresh buying may be considered either on a sustained breakout above ₹1,400 or on dips towards the ₹1,320–1,330 support zone, with appropriate risk management.