SWing trades BUY NYKAA @ 150.85 Quanity
Today, I bought Nykaa. Nykaa took support at ₹141.15 and exhibited support within a channel pattern both technically and fundamentally.
NYKAA trade ideas
EXPECTED IMPORTANT DIRECTIONAL LEVELS FOR THE YEAR 2024NSE:NYKAA Hey Folks..!
I have marked all the important directional level for this year.
All the levels have the description, Bullish movements is expected in bullish range and Downside is expected in the bearish range.
Use the levels either Standalone or Club these levels with your existing trading style & strategy it will surely give you an edge.
If in case at any point of time NYKAA goes beyond these levels then i will either post additional levels in as an update or i will republish the idea with more levels.
Rules are simple , Short trades can work well in the Red / Bearish ranges whereas Long trades can work well in the Bullish ranges.
Also, i have changed the colour combination of the chart along with the candle colour now green candle are white and red candles are black.
All the Best Folks ! Stay tuned for updates.
NYKAA - 1 YEAR OF REASISTANCE BREAKOUTEntry Given Now
Can enter at CMP - 161
SL - 135
Targets - 215,310,410+
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HAPPY TRADING 👍
NYKAA Positional PickNykaa looks positive..
Please refer the levels for more Info
Please consult your financial advisor before investing
All research for educational purposes only.
SWING IDEA - NYKAA (FSN E-COMMERCE VENTURES)This study involves a meticulous examination of historical price patterns, chart formations, and key technical indicators that collectively point towards an opportune moment for investors in NYKAA .
Reasons are stated below :
The 155 levels underwent multiple tests before the price eventually broke through. Currently, the price is in the process of retesting those levels.
50EMA and 200EMA support on daily timeframe.
Doji candle on weekly timeframe.
0.382 Fibonacci support.
Broke strong consolidation of 1year.
Target - 194 // 224 // 247
StopLoss - Daily close below 153
Nykaa, bulls seem to be in control!Bulls seem to be in control for Nykaa.
This is a very aggressive bullish EW count with a series of 1-2 1-2 nests.
Alternatively, it can also be counted as a 5 wave up (with no nests) shown as the red count. However, this alternate count will still not change the bullish case.
Will update the count as it develops.
This is definitely on chart to keep an eye on.
Thanks for reading!
NYKAA daily timeframe analysis for long term
NSE:NYKAA has given breakout to 158 consolidated Resistance level.
We can see long term move above 156 with SL of 150 and can average till 155.
Major targets levels are highlighted in blue lines.
NYKAA LONGConsolidation zone .
Once breaks, 225 315 can be seen
Disclaimer : This is not a Buy or Sell recommendation. Please consult your financial advisor before making any investments . This is for Educational purpose only
NYKAA can be TURNAROUND STOCKCMP 152
SL 136
TARGET 190
Consolidating in range 120 -154....will be box breakout above 154
also formation of higher lows and after falling from 151...so range getting compressed and small...also ascending triangle pattern visible ....therfore can be good risk reward ratio here..
keep quantity small and increase after 154 breakout...
NYKAA LOOKING GOOD FOR LONG Nykaa looking good for long for atleast 10-15%. this stock has been accumulating for long we can see good up move
NYKAA- AnalysisNYKAA- Analysis
Buy zone 170 to 180
Safe investment above 232
Expected Major targets - 247 then 332 then 429
Expected minor targets - 230 to 232, then 294 to297then 367 to 370 then 448 to 451
Stop loss - Closing below - 126 or 115
Safe investor stop loss - Closing below 170.
Approx time frame 12 to 18 months
Please do your due diligence before trading or investment.
*Comment or message me if you wish to see my analysis for any stocks.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
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Inverse Head & Shoulder pattern in NykaaAn inverted head and shoulder pattern is a significant technical analysis pattern commonly used in financial markets to identify potential trend reversals. Traders and investors widely recognize this pattern as it often signals a shift from a downtrend to an uptrend.
FSN E NYKAAsince ipo open it is going continously down now it is forming bottom pattern and giving break out with gud volume. also supported by key moving average 20 & 200 MA.
it has gud potential upside target. follow strict sl & proper risk reward ratio. this is the only holy grail in the market.
BO in Nykaain the chart we can see clearly BO on WCLBS
CMP 166
Traget - 220/240
Stoploss- 140
RRR is 1:3
RRR wise gud luking gud in the chart .
Not a recommendation only study pupose
NYKAA - Swing Long - T@ 200NYKAA appears to be bottoming out.
Opportunity to Swing Long.
Target 1 @ 200
300 targetNykaa is making a curvy up that will target making a circle and in this will result in 3x target.
Fii dii etc buying
Low risk and high potential trade opportunity in NYKAA.The NYKAA seems started making Higher Lows .
Its transforming from the bearish mode to bullish mode.
Stock is at good level to take entry with stop loss oof128 with target of 215.
Nykaa looks good for Higher Targets - Breakout of Inv H&S Nykaa on daily chart has given breakout of Inv H&S and looking good at CMP 153/- with SL of 129/-.
Nykaa(FSN E commerce)It appears promising for a potential reversal, having recently breached the long-term trendline and approaching a crossover with the weekly 50 moving average.
A secure entry point would be above the weekly 50 MA, ideally coinciding with the breakout of Gann levels.
Here are some advantages to consider:
1. Increased trading volumes.
2. The presence of a daily bullish Marubozu candlestick pattern.
3. A rebound observed from the 1/1 Fann angle.
For managing your positions, it's advisable to reference the designated chart levels for setting trailing stop-loss orders and identifying target points.
NYKAAStock is completely sideways channel.
Price below the moving averages.
Don't buy sell at this moment
Disclaimer this is my personal view for education purpose only.
