SWING IDEA - NAZARA TECHNOLOGIES
Nazara 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 :
Target - 1244 // 1676
StopLoss - weekly close below 837
Disclaimer :
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
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 :
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
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