Visionary_Growth_Insights

SWING IDEA - NAZARA TECHNOLOGIES

Long
NSE:NAZARA   NAZARA TECHNOLOGIES LTD
We 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
Comment:
Price is in consolidation phase.
It is holding onto the support levels.
HOLD !!
Comment:
We are currently up by 9.3% from buying price. We can hold this for target.
Trade closed: target reached:
1st target achieved.
We got 17.8% and stock made a high of 26% from our buying price.
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