Recent Price Movement and Market Context
On 09 Dec, Nazara Technologies recorded a recovery after three consecutive days of losses, outperforming its sector by 1.7%. However, the stock remains close to its 52-week low, trading just 3.23% above the bottom of ₹219.375. This proximity to the low suggests lingering investor caution. Furthermore, the share price is currently below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a prevailing bearish trend in the medium to long term.
Investor participation has also waned, with delivery volumes on 08 Dec falling by 23.39% compared to the five-day average, signalling reduced enthusiasm among shareholders. Despite this, liquidity remains adequate for moderate trade sizes,...
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