📊 NAZARA TECHNOLOGIES LTD (NSE: NAZARA) | Monthly Chart Breakout
📅 Date: June 1, 2025
📈 CMP: ₹1,295.10 (+28.04%)
📌 Ticker: NSE:NAZARA
📉 Chart Pattern Insight
🔥 Cup & Handle + Falling Wedge Breakout
Nazara Tech has broken out of a strong Cup & Handle pattern, reinforced by a Falling Wedge breakout — a powerful confluence suggesting a major trend reversal.
🎯 Breakout is confirmed with high volume and a clean monthly candle close above key resistances.
📐 Fibonacci Retracement Levels (From High ₹1678 to Low ₹477)
🔸 38.2% – ₹935.85 (was resistance, now flipped to support)
🔸 50% – ₹1,077.55
🔸 61.8% – ₹1,219.25 (just surpassed – strong bullish confirmation)
🧭 100% – ₹1,678 (All-Time High)
📊 Indicator: RSI + Moving Average Cross (Icon shown)
🔍 RSI is at 71.63 and rising sharply, indicating strong momentum
🔺 RSI crossover above MA confirms bullish strength and trend continuation
🧱 Volume Spike
📈 Volume this month is multi-month high, validating the breakout
🔑 Key Levels
Support: ₹935 (prior resistance, now retest zone)
Immediate Resistance: ₹1,300 (psychological), ₹1,400
Target Zones:
Short-Term: ₹1,450
Medium-Term: ₹1,600+
Long-Term: Retest of All-Time High ₹1,678+
🛡️ SL: ₹935 (monthly close basis)
📌 Trading Plan
Entry: Pullback near ₹1,220–₹1,250 or breakout retest
SL: ₹935 (below 38.2%)
Target: ₹1,450 / ₹1,600+
Time Frame: Positional – Multi-week to multi-month
⚠️ Disclaimer
This analysis is for educational purposes only. Please do your own research or consult a SEBI-registered advisor before investing.
📅 Date: June 1, 2025
📈 CMP: ₹1,295.10 (+28.04%)
📌 Ticker: NSE:NAZARA
📉 Chart Pattern Insight
🔥 Cup & Handle + Falling Wedge Breakout
Nazara Tech has broken out of a strong Cup & Handle pattern, reinforced by a Falling Wedge breakout — a powerful confluence suggesting a major trend reversal.
🎯 Breakout is confirmed with high volume and a clean monthly candle close above key resistances.
📐 Fibonacci Retracement Levels (From High ₹1678 to Low ₹477)
🔸 38.2% – ₹935.85 (was resistance, now flipped to support)
🔸 50% – ₹1,077.55
🔸 61.8% – ₹1,219.25 (just surpassed – strong bullish confirmation)
🧭 100% – ₹1,678 (All-Time High)
📊 Indicator: RSI + Moving Average Cross (Icon shown)
🔍 RSI is at 71.63 and rising sharply, indicating strong momentum
🔺 RSI crossover above MA confirms bullish strength and trend continuation
🧱 Volume Spike
📈 Volume this month is multi-month high, validating the breakout
🔑 Key Levels
Support: ₹935 (prior resistance, now retest zone)
Immediate Resistance: ₹1,300 (psychological), ₹1,400
Target Zones:
Short-Term: ₹1,450
Medium-Term: ₹1,600+
Long-Term: Retest of All-Time High ₹1,678+
🛡️ SL: ₹935 (monthly close basis)
📌 Trading Plan
Entry: Pullback near ₹1,220–₹1,250 or breakout retest
SL: ₹935 (below 38.2%)
Target: ₹1,450 / ₹1,600+
Time Frame: Positional – Multi-week to multi-month
⚠️ Disclaimer
This analysis is for educational purposes only. Please do your own research or consult a SEBI-registered advisor before investing.
Trade closed: target reached
The first resistance level has been touched. If the trend is to continue, it's important to follow a trailing stop-loss strategy and patiently wait for the price to approach the second resistance level.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.