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Nazaratechnology

NAZARA | Good for Long |NSE:NAZARA CMP: 685.85 Reason for Trade : WEEKLY BO Entry : Cmp or near Support 930 Stop Loss: According to one's Risk Reward ratio #Study, Learn & Earn. If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead. Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
NSE:NAZARALong
by Art_of_charting_Knowledge
"NAZARA: Third Time's the Charm - Breaking Resistance for a PotIntroduction: NAZARA has been an interesting play lately, attempting to break through resistance not once, but twice. After two unsuccessful attempts, there are strong indications that the stock is gearing up for a breakthrough on its third try. Additionally, the weekly timeframe is showing signs of an uptrend, adding to the bullish sentiment. Key Points: 1. Previous Resistance Attempts: - NAZARA has faced resistance on two occasions in recent times. The fact that the stock is persistently attempting to break through suggests a growing bullish sentiment. 2. Third Attempt at Resistance: - The third attempt to break resistance is on the horizon, and it could be the charm. Keep a close eye on the stock as it makes this crucial move, as the third attempt often indicates increased determination to break through. 3. Uptrend on the Weekly Timeframe: - On the weekly timeframe, NAZARA is showing signs of an uptrend. This adds a strong technical backdrop to the potential breakout, indicating a broader positive trend in the stock. Note of Caution: Before considering any trade based on this analysis, it's crucial to conduct your own research. Market conditions can change rapidly, and individual stocks are influenced by various factors. Ensure you understand the risks involved and use this information as a starting point for your due diligence. Remember, no analysis can guarantee future performance, and it's always wise to have a well-thought-out trading or investment strategy.
NSE:NAZARALong
by TTS007
NAZARA - Symmetrical Continuation Triangle (Bullish) pattern Here's a breakdown of the key components and characteristics of the Symmetrical Continuation Triangle (Bullish) pattern : Converging Trendlines: The pattern is formed by two converging trendlines, one drawn connecting the lower highs and the other connecting the higher lows. This creates a triangle-like shape on the price chart. Price Consolidation: The pattern typically forms during a period of consolidation, where the price movement becomes range-bound. This consolidation phase signifies a temporary pause or uncertainty in the market after a prior uptrend. Decreasing Volume: As the pattern develops, trading volume tends to decrease. This reduction in volume reflects the indecision and lack of strong conviction among traders regarding the future direction of the price. Price Breakout: The key event in this pattern is the price breakout. Before the triangle pattern reaches its apex (the point where the trendlines converge), the price breaks out above the upper trendline. This breakout is characterized by a noticeable increase in trading volume, indicating a surge of buying interest. Confirmation of Uptrend Continuation: The breakout above the upper trendline is seen as a signal that the prior uptrend is likely to continue. The increase in volume suggests that a significant number of traders are now confident in the upward direction of the price. Overall, the Symmetrical Continuation Triangle (Bullish) is interpreted as a bullish continuation pattern. It suggests that after a period of consolidation and uncertainty, buyers have regained control, and the price is likely to resume its upward movement. It's important to note that while chart patterns like this can provide insights into potential price movements, they are not foolproof predictions. Traders often use these patterns in conjunction with other technical and fundamental analysis tools to make informed trading decisions. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:NAZARA
by hardeepssethi
Keep Nazara in radarNazara Technologies Ltd. It appears that the price has completed a phase of "accumulation" at the bottom of a major downtrend, and the recent breakthrough of the resistance level suggests a potential reversal to a new uptrend. To identify this pattern, traders often look for a Head and Shoulders Bottom formation, which involves three consecutive price declines following a significant downtrend. The lowest point, or the "head," is situated in the middle, flanked by two "shoulders" at around the same level but higher than the head. As the price makes the first two declines, the trading volume is usually the highest and then decreases during the formation of the right shoulder. Finally, when the price surpasses the neckline, which is drawn between the two highs, the volume typically surges, confirming the reversal of the trend. Note for everyone who came across this study: This chart is only for educational purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:NAZARA
by hardeepssethi
Possible trend breakout in Nazara? Stock is at Very Curial Level. Keep an eye on this stock. If price close above 730 and sustain in that range, then we can see a good bullish movement in the stock. Reason is very simple, if price close above that range, then major resistance as well as supply zone will break. Which confirms buyer's control over the stock. Wait for the breakout, then only enter stock with proper Risk- Reward. Will Update once the breakout is confirmed. This is just a view, not a recommendation to trade. Do your own analysis before taking any trade. NSE:NAZARA
NSE:NAZARA
by varun_devadiga
Nazara Tech retesting important rangeCHART -> 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 only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
NSE:NAZARA
by kathanthakkar403