Nazara TechnologiesMy nazar sees 2 possible scenarios for the stock (there may be endless), if it turns out to be any one from above, you can calculate 598 points from your entry price for projected target.
NAZARA trade ideas
NAZARA GIVING GOOD NAZARA/VIEW GOOD MOVE FROM AROUND 1500 AND YESTERDAY CLOSING ABOVE 1840.
I THINK IT IS READY TO GIVE A BULL MOVE BUT ALSO THINK OF RETESTING 1840 LEVEL AND SOME CONSOLIDATION.
WHAT ARE YOUR VIEWS ???
Breakout Stock - Nazara Tech."Nazara ka ab Nazara dekho"
Breakout today with good volumes.
Small consolidation at support is over.
Last two candles are thick. Looks impresive.
IT sector is rallying for last few days.
Keep this one in radar.
This post is for information purpose only.
Nazara TechPositional Trade
✅Nazara Tech
Buy cmp 1796
Add on dip till 1700
Sl 1450 (For pure postional investor)
SL 1600 (for swing trader)
TGT 2000 2200 2400+
NAZARA TECH - 3-6 MONTHS InvestmentNazara Tech ..
3-6 months view.
I think there are following triggers !!!
1. Jefferies given bad report target of 1200 or something.. Which i think may or may not come..
2. Launch of BGMI game ( Previously PUBG mobile)
3. Krafton and RJ are premium ivestors.
4. IF BGMI dont get BANNED in india, then revenue will increase tooo fast.
5. Management is Young and Dynamic..
The Risk Reward here is amazing.. 100 rs SL and 300-400 Rs, Targets.. Small Investment can be done here
Nazara - Game has started ??Recent IPO with less up move
Now it has given trendline BO
short term targets : 1850 - 2000
SL 1700
#nazaratech keep on radar Looks a breakout candidate on daily chart. From a descending trendline.
Resistance/ target zones on chart.
TRAIANGULAR PATTERN BREAKOUTA good volume was observed since last few trading days. However, anyone speculating this stock must wait for a confirmation or a back test to confirm their position into this share.
Entry - CMP
stop loss-1625
Target - 2027
NAZARA TECH. IS IN RANGE MARKET .NAZARA IS IN RECTANGLE CHART & ON VERY LOW PRICE IF BREAKOUT UPSIDE THEN WE SEE VERY GOOD MOVEMENT FOR SWING.
52 WEEK HIGH - 2000 SOMTHING
52 WEEK LOW - 1421 SOMETHING
CURRENT PRICE IS ONLY 80 TO 100 RUPEES HIGH FROM 52 WEEK LOW .
THIS IS GAMING COMPANY & IN INDIA GAMING INDUSTRY IS GROWING VERY FAST .
Nazara Long! Probability seems to be in favour. Great positional setup, stock has been consolidating at bottom and a burst on price and volume indicates that the stock is ready to fly. A buy stop order above 1680 shall be placed for optimum results.
Target-2250
SL-1460
Disclaimer: EDUCATION PURPOSE ONLY. THIS IS NOT A CALL.
Nazara Technologies Getting ready for triangle breakoutNazara is getting huge volume on Green days with big moves on those days. Triangle is almost complete and can give a BO and great Risk reward.
NAZARA TECHNOLOGIES LTD - Very Low RiskTriangle Formation. Once it breaks out expect a good move.
Since markets are volatile, this is a very low risk bet if it moves otherwise.
Nazara Technologies is ready for breakout Nazara Technologies are following a strict trend line and now it is ready to breakout or breakdown. What do you think guys ?
Nazara Tech - Beautiful Symmetrical Triangle 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.
