NSE:NAZARA one of the best companies at very cheap valuation we can see a gap on the chart which shows us high selling level from upside and now we have also seen high buying level so we can consider a buy side from this level for target of previous selling level.
The company has posted net profit / (loss) of Rs.11.5 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.5.3 crores for the period ended June 30, 2021
This seems to be possible breakout in NAZARA Technologies. FAVOURABLE SL TO RR RATIO
Unique in technology, fast growing company. Price action tells this stock going to rocking.
Nazara Technologies Ltd - NAZARA Sector: IT - Software Industry: Computers - Software - Medium / Small Price: 2440.65 Market Capitalization: 7959 Cr 52 week High/Low: 3356 / 1412 Stock P/E: 277 Debt/Equity: 0.24 Net profit June quarter: 5.3 Cr Net profit September quarter: 10.1 Cr Net profit April 2020-March 2021: 9.23 Cr Net profit April 2021-Till date: 29...
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.
Target as indicated in chart. View negative if closes below resisting trend line. Don't invest and trade blindly.
Weekly fresh breakout with good volume trend (buying zone)
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
Closed above ipo high price generally considered as a bullish sign
Price action is upwards (bullish pattern )make some money when the trend line breaks do positional trade upward make 100-200 points easily
Long in NAZARA after giving head and shoulders pattern breakout with trendline breakout. can buy when closing above 1630 after trendline break target 1798 the closing above 1800 it can give target of 1898 sl 1572 retest is still pending. Also can take long in this as gaming industry is the biggest. more than compared to music and flim industry combined.