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Price and trend forecast of NAZARA for Tomorrow, Weekly, Monthly

Nazara Technologies Limited

Symbol: NSE:NAZARA

ISIN: INE418L01021

621.00

As on 2024-05-17

563.00 (52W Low) 979.55 (52W High)

NAZARA's Today's Performance

Nazara Technologies Limited started the day by opening at 619.90 today 2024-05-17. Its shares reached a high of 625.95 and dipped to a low of 616.60 in intraday. When the markets closed, NAZARA’s stock price settled at ₹621.00 per share. Also check out its key support and resistance levels.

NAZARA Buy/Sell Targets

Tomorrow, buy NAZARA when its price reaches ₹ 621.00 with a stop-loss order at ₹ 616.11. You can set the target price as ₹ 625.89 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of NAZARA for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for NAZARA

Downside Targets Value in ₹
Tomorrow Down Target 1 626
Tomorrow Down Target 2 631
Tomorrow Down Target 3 635

Important Levels for NAZARA

Holding Levels Value in ₹
Tomorrow Up Target 1 616
Tomorrow Up Target 2 612
Tomorrow Up Target 3 607
Based on where the stock opens tomorrow, if NAZARA opens on a positive note, our first target will be ₹626. If Target 1 is achieved, we will aim for Target 2 which is ₹631.

But if NAZARA falls below the average value of ₹621.18, you can enter a sell side position with target number 1 - ₹616 and second target - ₹612 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of NAZARA

Looking at NAZARA, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, NAZARA has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for NAZARA is moderate bearish.

Tomorrow's Volume based share price Forecast for NAZARA

NAZARA's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -22%.

Reversal detection for NAZARA

Predicted trend chart of NAZARA tomorrow for price forecast
NAZARA may trend may continue to be bullish since stock is making higher highs and we can get target of ₹617 in morning tomorrow
Target 1 tomorrow625
Target 2 tomorrow627
Target 3 tomorrow631
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with NAZARA's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if NAZARA opens on a positive note, our first target will be ₹625.77. If Target 1 is achieved, we will aim for Target 2 which is ₹630.53.

But if NAZARA falls below the average value of ₹621.18, you can enter a sell side position with target number 1 - ₹616.42 and second target - ₹611.83

NAZARA's Weekly Targets
1st Up Target 631.18
2nd Up Target 641.37
1st Down Target 605.58
2nd Down Target 590.17

As the week for NAZARA ended on bullish sentiments, we can expect further continuation of this sentiment. NAZARA's initial target will be 631.18 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 605.58 in the upcoming week.

Weekly OHLC Values
Open 618.00
High 625.95
Low 600.35
Close 621.00

Week for NAZARA started with an open price of 618.00, and the close was at 621.00. NAZARA reached the highest of 625.95 and dipped lowest up to 600.35 last week. This indicates a bullish sentiment for the week.

NAZARA full month swing targets
Monthly Up Target 1 656.78
Monthly Up Target 2 666.97
Monthly Down Target 1 579.98
Monthly Down Target 2 538.97

Targets of ₹656.78 can be expected to be reached in the coming month. Once NAZARA achieved this target, we can aim for the next upside target of ₹666.97.

NAZARA if fails to hold upside, down targets of ₹579.98 and ₹538.97 can be achieved by end of this month.

For complete three weeks if NAZARA is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

NAZARA is expected to reach the target of 625.77 in tomorrow's trading session.

After achieving the initial target in NAZARA, we will aim for higher targets of 630.53 tomorrow.

However, if NAZARA starts to trade below ₹621.18, then we will shift our focus to the sell side and aim for down targets of 616.42 and 611.83.