Looking for LongNAZARA 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
NAZARA trade ideas
NAZARA - Weekly AnalysisIn the Weekly Chart of NAZARA ,
we can see that, it is retesting the previous support.
we can have an entry if it creates a Hammer candle or W shape recovery.
NAZARA BO [Weekly]NAZARA breaking out of weekly base, volumes are encouraging and next level where overhead supply might kick in with force could be around 1350.
Keep an eye on market sentiment, it ideally should be in our favor while taking a position if one likes the setup.
Keeping in watchlist for now. :)
Holding good support with retestOn daily chart stock is holding good support level around 830 levels..longs can be considered with SL 830-820 on daily CB for target of new ATH, with 1:2.5 RR
Kindly do your analysis before initiating trade.
NAZARA | Swing Trade📊 DETAILS
Sector: Software
Mkt Cap: 6,885 cr
Nazara Technologies is the leading India based diversified gaming and sports media platform with presence in India and across emerging and developed global markets such as Africa and North America, and offerings across the interactive gaming, eSports and gamified early learning ecosystems.
TTM PE : --
Sector PE : 34.24
Beta : 0.72
📚 INSIGHTS
Mid range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
7.23% away from 52 week high
Outperformer - Nazara Technologies up by 9.03% v/s NIFTY 50 up by 2.28% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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NAZARA ready for breakout and give good return keep in radar-After triangle breakout retest also done
-now squeezed in a small zone which is good for next move
-rise in volume along with rsi shows strength
-above all major EMA & SMA
-keep in radar it can give good return in short term
The stock has changed its trend from down trend to UP trend The stock has changed its trend from down trend to UP trend and there is a lot of room left on it. with huge volume
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
Amazing breakout on Weekly / Daily Timeframe - NAZARACheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Nazara Technologies Long term BrekoutNazara technologies broke from consolidating range and is on upward journey from Current levels.
"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.
NAZARA : Looking for long, Expecting to reach 1300NAZARA 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.
Nazara TechThe script can give a Breakout soon ...The script is also a major player in the Gaming Industry.
Though the industry is at a nascent stage, it presents a good opportunity. The stock can be accumulated at dips too for long.
⚡️ NAZARA👉 Cheat entry near 875
🔘 Contraction for 2 weeks
🔘 Clustered EMAs
🔘 Pocket Pivot volume
Ready for 4-month base breakout near 52-week High with an SL of 3%
Going good 💪
Long NazaraImproving Fundamentals
Higher Highs and Higher lows
Make in India opportunity in gaming industry
Target 1341
Sl 732
Cmp 858
A bit late.Better to wait for some pullback (to somewhere around 845-850) to make the RR more favorable.
Green channel = better entry
Redline = SL
Blueline = Possible target
--- --- ---
Start where you are,
Use what you have,
Do what you can.
- Arther Ashe
NAZARA - Weekly AnalysisIn the Weekly Chart of NAZARA ,
we can see that, it has given respect to the Cup & Handle trendline.
enter on Red Candle's high with low as SL.
My expected momentum is shown in chart.
1D last swing trade for 2023... Education purpose only. 1D swing trade... Looks like Head and shoulder pattern.... Breakout
Do your analysis before entry on this stock.
Note :-Education purpose only not an advice to buy or sell.
Thank you❤....
Nazara Technology: Trading near breakout levelNazara Technology is looking good on daily time frame. Stock is trading near breakout level. Keep on radar.
#NAZARA #NSE - BREAKOUT ALERTNAZARA TECHNOLOGIES LTD
Breaking out from a FLAG pattern.
EPS is expected to grow by 35.4% in FY24.
FII/FPI have increased holdings from 8.58% to 10.97% in Sep 2023 qtr.
NAZARA Bullish; above 838 on Wednesday 13 Dec. The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
Stop Loss: @ "Open" price of the day OR "Breakoutprice"
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
Nazara Technology: Rounding bottom pattern on WTFNazara Technology is looking good on weekly time frame. Stock is forming rounding bottom pattern. Keep on radar.
