Nazara Technologies are following a strict trend line and now it is ready to breakout or breakdown. What do you think guys ?
SYMMETRICAL TRIANGLE Clearest Symmetrical Triangle formation you will ever see. Multiple rebounds from bottom and top trend lines. Trading within the pattern. Symmetrical Triangle is a Bilateral Pattern, i.e. can go either way. Therefore, Technical Analysis needs to be supplemented by Fundamentals to assess more likely outcome.
Disclamer plan your trade according to your own analysis.
see the price movement with the support and resistence
Forming triangle pattern ..good for buy now..
May be the 28th May, meeting will provide the answer.
Forming a proper channel pattern, may touch its high of 1732 and can even break it. A good buy above 1700.
Made a triple bottom over the last 3 weeks. Traded on low volume. Volume spike seen near breakout level. (Weak markets pushed it down)
Looking at price action, i can see a big move coming soon and triangle pattern can be broken on any side. I am expecting a bullish move but could be wrong as data points available are very low and operator controlling this is very storng:)