Nazara Technologies is looking for buying opportunity after having massive correction & formed descending channel. Target expecting to reach at least 1700.
NAZARA is very near to crucial support level if this is not saved for coming days then expect more party for bears. the support ahead is not that good so it is more problematic for it.
Stock Name - Nazara Technologies Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 790
#This is not Buy and Sell recommendation to any one. This is for...
Chart -> Nazara Weekly
After having a huge uptrend, then a huge downtrend again stock is looking to start a reversal that is an uptrend.
A VCP breakout in Nazara with unusual volumes.
CMP: 735
Targets: 819, 994, 1121
SL: 627, weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered,...
Another wonderful thing about the Parallel Channel
The candles of NAZARA have created exact same Parallel Channels in triple!
The Parallel channels in the chart namely PC-A, PC-B & PC-C are exactly of the same width and slope!
#WondersOfPC
Analysis of PC:
-Currently, the candle has taken support at Midline of PC-C at 650 levels
-Opening above the level of 659...
Stock is at Very Curial Level.
Keep an eye on this stock.
If price close above 730 and sustain in that range, then we can see a good bullish movement in the stock.
Reason is very simple, if price close above that range, then major resistance as well as supply zone will break. Which confirms buyer's control over the stock.
Wait for the breakout, then only...
#doublebottom #pattern #Breakout (trend reversal) at #NAZARA (Nazara Technologies Ltd) daily chart.
BSE: 543280 \ NSE : NAZARA
What Is a Double Bottom?
A #doublebottom #pattern is a #technical #analysis #charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a...
POINTS TO NOTE:
1. A stock that has been a continuous downtrend, is Nazara getting ready for a possible reversal?
2. Drops to the levels around 500 are being met with volume spikes that push the price up.
3. The 1st test of the lows was met by big volumes coming in.
4. Now once again CMP has reached the previous zone.
A trade is not yet visible in the scrip....
This instrument has been bearish from long time. When going through the price action of the NAZARA it looks clearly it has broken the upper trend line and it is back for testing the buyers support at trend line. If it gets support of buyers at the trend line it might give a great opportunity to invest for short to medium term. The Relative strength is showing the...
Falling Wedge Pattern In Downside Market can be termed as a Bullish Sign..
RSI is 30, which acts as a support for this stock.
This early setup has a good Risk:Reward of 1:3.
Keep On Watchlist.
