Rising Channel formation at Info Edge counter

NAUKRI
Naukri (Info Edge) has its price been trending in a rising channel formation. On 19th Sept, it took the support of the channel and can perform well in short term. Previous supports gave good positional gains of approximately 20/24%. The current support can give an approximate gain of 19%, safe traders can book partial profits at a gain of 10% and trail the scrip further.

CMP - 4065
Target - 4350 / 4550
SL - 3850 (closing basis)