NAZARA - Weekly AnalysisIn the Weekly Chart of NAZARA ,
we can see that, After Cup & Handle breakout failure, it has regained its position.
Let it retest and then enter with SL and Targets.
Expected momentum is shown in chart.
Next report date
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Report period
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EPS estimate
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Revenue estimate
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8.25 INR
565.70 M INR
11.38 B INR
48.00 M
About NAZARA TECHNOLOGIES LTD
Sector
Industry
CEO
Nitish Mittersain
Website
Headquarters
Mumbai
Founded
1999
ISIN
INE418L01021
FIGI
BBG00ZN4NBT7
Nazara Technologies Ltd. is a mobile entertainment company, which engages in the provision of mobile games and applications, as well as multimedia solutions, including themes and wallpapers. The firm also offer solutions for the development, deployment, targeting, and tracking of promotional campaigns on mobile platforms; and wireless solutions that integrate content of media companies, marketing messages, and the consumer reach of wireless carriers. It operates through the following segments: Gaming, eSports, and Ad Tech. The company was founded by Vikash Mittersain & Nitish Mittersain in 1999 and is headquartered in Mumbai, India.
NAZARA TECHNOLOGIESKhelo India Khelo.
I like the contraction happening on the larger scheme of things.
VCP + Inverted HnS appear to my eyes.
The pattern is looking good prima facie and I am going with a gut feel here.
Maintain an SL based on risk appetite.
NAZARA TECHNOLOGYLooking Good for short term
Daily Breakout with creating higher high and lower high
Entry around Rs 1050
Stop Loss Rs 950
Target 1st Rs 1200
and 2nd Rs 1600
Risk to Reward = Risk Rs 100 and Revard Rs 150 to 550
Holding period 3 months
Happy Investing and Trading
NAZARA - Cup and Handle breakout - WklyName - NAZARA
Pattern - Cup and Handle breakout
Timeframe - Daily and Weekly
Volume - Very Good
Cmp - 1049
Can test - 1390
SL - 989
Cup and Handle pattern, which is a bullish continuation pattern indicating a potential upward trend. Here are some key points from the chart:
Cup
NAZARA🔶𝗜 𝘀𝗰𝗮𝗻𝗻𝗲𝗱 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗵𝘂𝗻𝗱𝗿𝗲𝗱𝘀 𝗼𝗳 𝘀𝘁𝗼𝗰𝗸𝘀 𝘀𝗼 𝘁𝗵𝗮𝘁 𝘆𝗼𝘂 𝗱𝗼𝗻'𝘁 𝗵𝗮𝘃𝗲 𝘁𝗼🔸
Here are My Top 8 Breakout Picks!
1. NAZARA
-capacity expansion without major increase in debt
-cash and equivalents at 15% of total market cap
-highest ever sales and EPS
Cons
-reduced promoter holding (Maybe exiting)
#NAZARA BO in WTF with VolumeThe stock was in a Stage 1 Accumulation
Price consolidated near the Resistance 6 weeks
BO with volume spike
MACD Bounce
EMA rule in place
Mindset: Following the set up entered with 50% qty.
Nazara TechnologyWe are closely following Nazara Technologies and believe it’s poised for a breakout based on its technical patterns. Consolidation near resistance often suggests a potential for a breakout if the price action confirms it. If Nazara Technologies breaks through the 1020 level, it could indeed pave the
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:
Break
NAZARA TECHHello & welcome to this analysis
Stock is moving withing a weekly parallel channel. Swing lows had formed a Bullish Harmonic Cypher pattern.
Short term resistance 980 and support at 900.
Medium term v strong support at 800-775 for possible upside levels of 1125-1300-1500
Happy Investing
See all ideas
An aggregate view of professional's ratings.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of NAZARA is 1,002.80 INR — it has decreased by −0.01% in the past 24 hours. Watch NAZARA TECHNOLOGIES LIMITED stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on BSE exchange NAZARA TECHNOLOGIES LIMITED stocks are traded under the ticker NAZARA.
NAZARA stock has fallen by −3.87% compared to the previous week, the month change is a 10.69% rise, over the last year NAZARA TECHNOLOGIES LIMITED has showed a 23.28% increase.
We've gathered analysts' opinions on NAZARA TECHNOLOGIES LIMITED future price: according to them, NAZARA price has a max estimate of 1,315.00 INR and a min estimate of 605.00 INR. Watch NAZARA chart and read a more detailed NAZARA TECHNOLOGIES LIMITED stock forecast: see what analysts think of NAZARA TECHNOLOGIES LIMITED and suggest that you do with its stocks.
NAZARA reached its all-time high on Oct 11, 2021 with the price of 1,677.20 INR, and its all-time low was 481.95 INR and was reached on Mar 20, 2023. View more price dynamics on NAZARA chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
NAZARA stock is 1.82% volatile and has beta coefficient of 1.06. Track NAZARA TECHNOLOGIES LIMITED stock price on the chart and check out the list of the most volatile stocks — is NAZARA TECHNOLOGIES LIMITED there?
Today NAZARA TECHNOLOGIES LIMITED has the market capitalization of 76.77 B, it has decreased by −2.19% over the last week.
Yes, you can track NAZARA TECHNOLOGIES LIMITED financials in yearly and quarterly reports right on TradingView.
NAZARA TECHNOLOGIES LIMITED is going to release the next earnings report on Feb 6, 2025. Keep track of upcoming events with our Earnings Calendar.
NAZARA earnings for the last quarter are 3.10 INR per share, whereas the estimation was 2.93 INR resulting in a 5.68% surprise. The estimated earnings for the next quarter are 3.00 INR per share. See more details about NAZARA TECHNOLOGIES LIMITED earnings.
NAZARA TECHNOLOGIES LIMITED revenue for the last quarter amounts to 3.19 B INR, despite the estimated figure of 3.24 B INR. In the next quarter, revenue is expected to reach 4.20 B INR.
NAZARA net income for the last quarter is 219.70 M INR, while the quarter before that showed 226.30 M INR of net income which accounts for −2.92% change. Track more NAZARA TECHNOLOGIES LIMITED financial stats to get the full picture.
No, NAZARA doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
As of Dec 13, 2024, the company has 74.00 employees. See our rating of the largest employees — is NAZARA TECHNOLOGIES LIMITED on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. NAZARA TECHNOLOGIES LIMITED EBITDA is 899.60 M INR, and current EBITDA margin is 11.81%. See more stats in NAZARA TECHNOLOGIES LIMITED financial statements.
Like other stocks, NAZARA shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade NAZARA TECHNOLOGIES LIMITED stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So NAZARA TECHNOLOGIES LIMITED technincal analysis shows the buy rating today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating NAZARA TECHNOLOGIES LIMITED stock shows the buy signal. See more of NAZARA TECHNOLOGIES LIMITED technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.