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NAZARA TECHNOLOGIES LTDNAZARA TECHNOLOGIES LTDNAZARA TECHNOLOGIES LTD

NAZARA TECHNOLOGIES LTD

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NAZARA trade ideas

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 and Handle Pattern: This pattern suggests that after a period of consolidation (the “cup”), there is a slight dip (the “handle”) before a potential breakout to higher prices. Neckline: The neckline is marked at 989. This is a critical resistance level. Price breaks above this level, it has confirm the pattern and lead to further gains. Target Price: The potential target price is around 1390 if the pattern completes successfully. Volume: There is a significant increase in trading volume, highlighted by a large green bar. This often indicates strong buying interest and can support the bullish breakout. Overall, the chart suggests a positive outlook if the price breaks above the neckline with strong volume support. Price in range from 475 to 989 for 2.6 yr, Friday price closed abv that. Nazara Technologies reported its Q1 FY24 results, showcasing a strong performance. Here are the key highlights: Revenue: ₹250 crores, a slight dip from ₹254.4 crores in the same quarter last year1. Net Profit: ₹23.6 crores, marking a 12.9% increase from ₹20.9 crores in the previous year2. EBITDA: ₹24.9 crores, a 24.7% decrease year-on-year2. The growth in net profit was driven by a strong performance in the esports vertical, despite lower profits in the gaming segment and losses in adtech2.
NSE:NAZARALong
by VCharts_TA
2
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 way for further upside, potentially reaching your targets of 1350, 1500, and 1650+. It’s always good to keep an eye on broader market conditions and any company-specific news that could impact the stock’s performance. Additionally, setting stop-loss orders or having an exit strategy in place might help manage risk if the price movement doesn’t go as expected.
NSE:NAZARALong
by Arvind_Share_Academy
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: Breakout: Wait for the price to break out of the neckline of the cup and handle pattern with increasing volume. This confirms the bullish breakout. Target: Measured Move: A potential target could be based on the height of the cup and handle pattern. Measure the vertical distance from the bottom of the cup to the neckline and project that distance upward from the breakout point. Stop-Loss: Swing Low: Place a stop-loss below the handle Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
NSE:NAZARALong
by supertraders_india
Nazara is ready to show action!!! Hello👋 Today I have picked one more breakout stock.. Named - NAZARA Stock in uptrend.. Good volumes since last few weeks.. Rsi in bullish zone.. Cup & Handle pattern seen in weekly tf. Price currently facing the resistance from where price shoot up in 2021 & downfall in sept 23 & jan 24. If price hold above 1040 then upside targets open till 1200.. It's my view... DYOA. It's not buy/sell recommendation. And since it's August month.. Huge volatile market .. Plus because of war conditions just be cautious.. Keep an eye on your positions & hold strict SL. I'm not sebi registered analyst. Plz boost my idea if you find it useful. Thank you🙏
NSE:NAZARALong
by ajnil87
Golden Crossover - NAZARA📊 Script: NAZARA 📊 Sector: Telecomm-Service 📊 Industry: Telecommunications - Service Provider Key highlights: 💡⚡ 📈 Golden Crossovers are seen into this Script. 📈 Golden Crossover is where slow moving average line crosses fast moving average above. 📈 Although Script is trading at All Time High we may see some bullish rally. ⏱️ C.M.P 📑💰- 873 🟢 Target 🎯🏆 - 932 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NAZARALong
by radha_23
Double Bottom and retest in NazaraWe can see clear double bottom breakout and retest here. This retest is of significant level of earlier support and resistance of 745. Weekly 20 and 50 moving averages are rising and prices are very close to these ma. Good risk to reward is possible. SL is 10% so need to keep qty less. Caution Notes: Try to learn the concept instead of looking for tips. Master one strategy that suits your psychology and stick to it for consistent results. This is weekly chart SL/Targets can come in 1~9 months time. This will not suit you if you are looking for quick gains in few days. Use proper money/risk management to calculate position size. Be disciplined to follow Stop Loss (SL). I am not a Qualified/Registered Financial adviser.
NSE:NAZARALong
by yndesai