Double Bottom and retest in Nazara

We can see clear double bottom breakout and retest here. This retest is of significant level of earlier support and resistance of 745.

Weekly 20 and 50 moving averages are rising and prices are very close to these ma. Good risk to reward is possible. SL is 10% so need to keep qty less.

Caution Notes:

• Try to learn the concept instead of looking for tips.
  
• Master one strategy that suits your psychology and stick to it for consistent results.
  
• This is weekly chart SL/Targets can come in 1~9 months time. This will not suit you if you are looking for quick gains in few days.
  
• Use proper money/risk management to calculate position size.
  
• Be disciplined to follow Stop Loss (SL).
  
• I am not a Qualified/Registered Financial adviser.
  

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