NAZARA TECHNOLOGIES LTD
Long
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NAZARA Bullish; above 838 on Wednesday 13 Dec.

The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...

SWING Trading Strategy:

Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)

INTRADAY Trading Strategy:

1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also

2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage

3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.

Both Safe Traders/High Risk Traders book profits at this stage

Stop Loss: @ "Open" price of the day OR "Breakoutprice"

This do not constitute, financial, investment, trading, or other types of advice or recommendation.
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This has triggered just now 838
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Intraday Momentum only above 850... Consolidating around 845
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848 now, looks like 850 will be taken out
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Crossed 850... 851 now
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Intraday Resistance expected around 865 Rs...
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853 Rs... nearly 2% up from trigger price of 838 Rs
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A retest took it to 840 region again, now back to 852
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858 now... 20 Rs from Trigger price
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865 Rs .... up 3% intraday....
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867... Resistance around 868/869
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if it stays above 869, 878 looks like possible
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875 in two minutes
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Good follow up buying... 898 Rs... over 7% in 4 trading sessions... Further momentum above 900/912

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