Nazara Technologies ltd has recently given breakout and seems retesting has also been done. Stock is showing strength near breakout zone. Breakout retest opportunity are far better than trading in breakout stock in these days as risk will be lower. Small Cap index is also trading near long term resistance zone.
BUY - NAZARA TECHNOLOGIES LTD
CMP - Rs. 876
Target - 1: Rs. 1242
Target - 2: Rs. 1566
Target - 3: Rs. 1920
.
Timeframe - 3 months - 1 year
.
Technicals - Trendline Breakout
.
This is just a view by an expert analyst, please invest at your own risk.
.
Follow me for more!
The share is in the range of its master candle from July.
It breaks the master candle high and trading above that high.
It is closes above that level it can see upside in this stock.
The Study is based on the Master candle theory.
~All the information given in the chart is for the educational purpose only.
~Do your own research before investing.
~This is not my recommendation.
~My recommendation--LEARN MORE EARN MORE.
Nazara Tech zooms 12% on plan to raise Rs 100 cr from Nikhil Kamath's firms
The company said it is proposing to issue 1.4 million equity shares at a price of Rs 714 per equity share aggregating to Rs 100 crore proportionately to M/s Kamath Associates & M/s NKSquared.
Shares of Nazara Technologies hit a 52-week high of Rs 853.25, as they surged 12 per cent on the...
In the Weekly Chart of NAZARA ,
we can see that, it has given a Range breakout but the breakout candle is not strong.
Expected momentum is shown in chart.
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...
