Nazara looks in a good accumulation zone right now. Keep on your radar.
Stock is trading UpTrend channel. Which it has broken.
Nazar tech since its listing has been working in the range and finally, that range got broke and now it is retested! i.e. higher confirmation on the bullish momentum!
Breakout above 1801 likely pull back... enter at appropriate levels... trading levels marked... Bounce expected near 1850
Nazara is making a range between Rs.1650 and Rs.1800 where one can look to accumulate the stock.
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"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.
Nazara Tech .. 3-6 months view. I think there are following triggers !!! 1. Jefferies given bad report target of 1200 or something.. Which i think may or may not come.. 2. Launch of BGMI game ( Previously PUBG mobile) 3. Krafton and RJ are premium ivestors. 4. IF BGMI dont get BANNED in india, then revenue will increase tooo fast. 5. Management is Young and...
Looks a breakout candidate on daily chart. From a descending trendline. Resistance/ target zones on chart.
Triangle Formation. Once it breaks out expect a good move. Since markets are volatile, this is a very low risk bet if it moves otherwise.
Forming triangle pattern ..good for buy now..
Forming a proper channel pattern, may touch its high of 1732 and can even break it. A good buy above 1700.