Nazara Tech: Weekly Rounding Bottom Breakout with Volume!🚀 Nazara Tech: Weekly Rounding Bottom Breakout with Volume! 🚀
Current Market Price: 1049
Stop Loss: 890
Targets: 1218, 1390
Nazara Tech is showing signs of a bullish breakout from a weekly rounding bottom pattern, supported by strong volume. The stock has begun a Fibonacci reversal with a solid close above the 38% level, and base consolidation has occurred around the 900 support mark. If Nazara Tech closes above 1218 (62% Fibonacci level), it will confirm the continuation of an uptrend.
📉 Risk Management: Ensure to manage your risk with a stop loss at 890.
📊 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions.
#MarketAnalysis #NazaraTech #TechnicalAnalysis #RoundingBottom #Breakout #InvestmentOpportunities #FibonacciLevels
NAZARA trade ideas
breakout the ipo
🎮 **Nazara Technologies Ltd (NSE)** – 🚀 *On the Verge of a Big Move?* 🚀
### 🏛️ **Chart Breakdown:**
1. **The IPO High Resistance 📊:**
Nazara Technologies’ **IPO high** was marked around **₹1,049**, a level it initially struggled to break past. After a rollercoaster ride, the stock is now retesting this crucial resistance.
2. **Cup & Handle Pattern 🏆:**
As discussed before, the **Cup** formed from **2022 to 2023**, creating a solid base for the stock.
After that, we saw the **Handle** shape up around **₹880** to **₹950** in mid-2024. This bullish structure signaled potential strength.
3. **Zoom in on the Final Consolidation Zone 🔍:**
The **highlighted consolidation zone** (the box on the chart) represents the final resting phase before a **breakout**.
This area spans from **₹997 to ₹1,049**, right at the previous **IPO high**.
**Why is this consolidation important?**
It shows that **buyers and sellers are in a tight battle** after the stock approached its previous high.
**Lower volatility in this range** indicates that the stock is **preparing for a decisive move** — either a breakout above ₹1,049 or a pullback.
The stock is **coiling up** for its next move, much like a spring that’s waiting to release energy. ⚡
4. **Volume Surge Confirmation 💥:**
The volume in the last few weeks is rising, particularly the **week of September 2024** where we see a **significant spike** in buying activity. This is a strong bullish signal, as it suggests the market is ready to push the stock higher with significant force. 📊💪
### 🎯 **What to Watch Next:**
Breakout Watch 📈:**
If the stock can close **decisively above ₹1,049**, this consolidation would serve as the launchpad for the next rally. 📊
Short-term **target** could be around **₹1,250-₹1,350** if the breakout is successful. 🚀
**Support Levels (In Case of Pullback) 🔑:**
If the breakout fails, look for the stock to retest **₹997**, the **bottom of the consolidation box**, which will act as immediate support.
**Price Range**: ₹997 - ₹1,049
**Action**: A **break above ₹1,049** on strong volume could trigger a new rally!
**Risk Management**: Keep an eye on ₹997 as the **key support**.
⚠️ *Disclaimer*: This is **NOT a buy or sell recommendation**. Educational purposes only. Always do your own research! 📚💡
NAZARA TECHNOLOGIES EYEING A 30% MOVE??🚀 Nazara Technologies Breakout Alert! 🚀
Exciting times ahead for Nazara Technologies as the stock has officially broken out and is gearing up for a powerful rally! 🎯 With target levels set at ₹1060, ₹1215, and a potential high of ₹1315, investors are eyeing big gains. This gaming and sports media powerhouse has been making waves in the industry, and now, the charts are showing signs of a major move.
But what makes this even more interesting? Zerodha's very own co-founder and CEO, Nikhil Kamath, is one of the investors in Nazara Technologies. Kamath’s track record in identifying winning investments speaks for itself, adding a layer of confidence to the stock’s future performance. When seasoned investors like Kamath see potential in a company, it’s a signal that the future could be very bright.
Nazara’s growth in the gaming sector, combined with its smart partnerships and diversified business model, makes it a standout in the tech space. As the gaming industry continues to boom, Nazara is positioning itself as a leader both in India and globally.
Keep your eyes on this one—it could be a game-changer! 🔥 #NazaraTechnologies #StockBreakout #NikhilKamath #InvestSmart #BullishRally #StockMarket #GamingIndustry #TechStocks #FutureBright
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.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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SWING IDEA - NAZARA TECHNOLOGIESWe can see a very good buying opportunity in NAZARA TECHNOLOGIES .
The reasons are stated below :
750-770 zone was tested multiple times and finally it broke and is now retesting it
0.382 Fibonacci support
Price action formation - higher highs
Double bottom pattern on higher timeframe (500 zone)
Targets - 926 // 1066 // 1345 // 1681
StopLoss - 730 on closing basis
SWING IDEA - NAZARA TECHNOLOGIESNazara Technologies has captured our attention as a prospective candidate for a swing trade, showcasing compelling technicals that hint at the potential for an upward rally.
Reasons are stated below :
Nazara Technologies has undergone multiple tests around the 900 levels and successfully broken through, signaling a notable shift in market dynamics.
A noteworthy bullish marubozu candle observed on the weekly timeframe adds a robust bullish sentiment, laying the foundation for a potential upward rally.
The surge in volume activity is a noteworthy signal, suggesting heightened market interest and potential momentum behind Nazara Technologies.
Trading above the 50 exponential moving average (EMA) signifies a continued upward trend, providing confidence in the stock's potential for a swing trade.
Nazara Technologies consistently forms higher highs, indicating a sustained uptrend and reflecting positive sentiment among market participants.
Target - 1244 // 1676
StopLoss - weekly close below 837
Disclaimer :
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@visionary.growth.insights
Nazara has a 'nazar' on old highs and may aim to create new onesNazara 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 Valuation (P.E. = 99.4), Declining cash from operations, MFs are decreasing stake, Promoter Holding decreasing. The positive aspects of the company are No debt, zero promoter pledge, FIIs are increasing stake, Improving annual net profit.
Entry can be taken after closing above 828. Targets in the stock will be 865 and 900. The long-term target in the stock will be 929. Stop loss in the stock should be maintained at Closing below 751.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.