Nifty Media Breakout on Daily Charts
Nifty media cmp 1927 breakout on daily charts catching the momentum Ready to hit soon 2200/2300++ Suntv / Zeel / PVR /Nazara Technologies/ Navneet Education many more media stocks
Stock Name - Nazara Technologies Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 790
#This is not Buy and Sell recommendation to any one. This is for...
CHART -> Nazara Tech WEEKLY SETUP
As seen per chart, Nazara is currently trading at 1894to1994 range, which was previous resistance for the stock. After breaking out that resistance we had seen a more than 65% gains.
Now it has come to retest the range, will it be acting as it's support in the down move this time?
Disclaimer: This is for educational purpose...
For the purposes of writing this series, I have assumed that the reader is not having a large capital base as, given the current scenario, an average person would find it hard to release funds that can be used for trading / Investing.
Tax definition of Trading & Investing
In a very simple manner, the key difference between Trading and Investing can be explained...
"Nazara ka ab Nazara dekho"
Breakout today with good volumes.
Small consolidation at support is over.
Last two candles are thick. Looks impresive.
IT sector is rallying for last few days.
Keep this one in radar.
This post is for information purpose only.