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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NAZARA
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.
Swing & positional trading opportunities for next week (4th Apr)During the week ending 1-4-22, Nifty hit a high of 17703 which is a great recovery from the lows of 15671 hit in the month of March 2022. A 1,000+ points recovery within a short period of time indicates that the overall market sentiment is bullish and should the global situations improve, Nifty may well be on its way to cross to 18000 and thereafter the retest of 18604 which is the All Time High.
This may sound simple and easy and it may well end up being so if the FIIs keep ending each day as the Net Buyers. The recent recovery has been possible only account of either FIIs not selling as aggressively as before or they ending the day as Net Buyers.
For now, the indices look good for creating long positions. However, on a sector or a stock level, the situation may be quite different as the risk-reward that was quite favorable when Nifty was below 17000 and even 16000 is no longer going to be as painful as it was.
NAZARA - Bullish viewNazara 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 Cr
Resistance: 2484-2526-2601
Support: 2366-2292-2249
Buy above 2436 for a Target of 3356 with a stop of 2151
Long Term investment view
Nazara techWhenever 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.
NAZARA 45minLong 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.