Nazara Technologies' recent uptrend may be deceptive, says analyst Aditya Thukral. Despite higher highs, RSI divergence and overlapping waves suggest a corrective move. A drop to ₹989-or even ₹475 in a worst-case scenario-is likely. Fresh longs should be avoided unless the stock breaks decisively above ₹1,423. A fall below ₹1,261 would confirm a bearish reversal.