NAZARA is great opportunity for the buy side for longterm such a nice trade after forming reversal formation & has corrective phase for a movement to the upside. Expecting Target at 1700
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
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Introduction:
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:
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NAZARA technologies is looking for a great buying opportunity for longterm and has the descending channel Lined up with the double bottom formation and has a potential movement to the upside.
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...
BUY - NAZARA TECHNOLOGIES LTD
CMP - Rs. 562
Target - 1: Rs. 630
Target - 2: Rs. 760
Target - 2: Rs. 980
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Technicals - Stock is at support.
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This is just a view by an expert analyst, please invest at your own risk.
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Nazara 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...
Chart -> Nazara Weekly
After having a huge uptrend, then a huge downtrend again stock is looking to start a reversal that is an uptrend.
A VCP breakout in Nazara with unusual volumes.
CMP: 735
Targets: 819, 994, 1121
SL: 627, weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered,...
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...
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...
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!
