NAZARA TECH HAS GIVEN A BREAKOUT ON WEEKLY CHART AFTER A LONG CONSOLIDATION.
this time it has given a breakout after a retest of its demand zone which was its previous supply zone.
levels marked on chart trade invalid below the 895 in short term basis
Nazara Technologies Ltd. is the leading Indian diversified gaming and sports media platform with presence in India and across emerging and developed global markets such as Africa and North America. It offers interactive gaming, eSports and gamified early learning ecosystems. Nazara Technologies CMP is 813.60.
The Negative aspects of the company are High...
NSE:NAZARA has given a breakout and sustained above 565. My idea is to take entry at 565 with stop loss of 510 (-55 Points).
My expected up side target will be 697 (+132 Points).
Note: This is my personal analysis, only for learning. Thanks.
Best level to take entry on NSE:NAZARA is 543 with Stop Loss of 443. My targets will be 696, 754 & 930. It could be best low risk and high reward investment.
Note: This is my personal analysis, only for learning. Thanks.
Whenever candle forms small body continuously for few days is a sign need to study a chart specially share like Nazara, 3,8 Nov was seen candle with comparatively high volume then recent few days, currently below ema50, anytime takes support of ema50 and ema20 and breaks level of 2414 can seek a quick 1st target of 2520-2630.
after ipo launch nazara technologies is also consoldiating in tight range in weekly time frame
first candle of weekly time frame is acting as a support and resistance. currently we can see a clear breakout on a charts time for go long in this share
upcoming targets 2400, 4000
sl 1350
