NAZARA TECHNOLOGIES LTD (NAZARA)
NAZARA TECHNOLOGIES LTD (NAZARA) appears to be in an uptrend. The price has been consistently making higher highs and higher lows, indicating bullish momentum. Additionally, there's a potential cup and handle formation, which is a bullish reversal pattern.
Entry, Target, and Stop-Loss
Entry:
Breakout: Wait for the price to break out of the neckline of the cup and handle pattern with increasing volume. This confirms the bullish breakout.
Target:
Measured Move: A potential target could be based on the height of the cup and handle pattern. Measure the vertical distance from the bottom of the cup to the neckline and project that distance upward from the breakout point.
Stop-Loss:
Swing Low: Place a stop-loss below the handle
Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
Entry, Target, and Stop-Loss
Entry:
Breakout: Wait for the price to break out of the neckline of the cup and handle pattern with increasing volume. This confirms the bullish breakout.
Target:
Measured Move: A potential target could be based on the height of the cup and handle pattern. Measure the vertical distance from the bottom of the cup to the neckline and project that distance upward from the breakout point.
Stop-Loss:
Swing Low: Place a stop-loss below the handle
Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.