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NYKAA trade ideas

NYKAA Next support is 38% awayNykaa 1. Lower High lower Low Structure 2. This week broke previous support @ 162.50 levels 3. Trading in Un-charted territory 4. Further support can be derived with the help of Fibonacci. 5. Plotted Fibonacci Extension connecting swing high of 428.95 and 315.45 and swing low of 203.15. 6. Fibonacci giving us the next support @ 89.65, which is 38% below the current Price. 7. Structure is super weak, plus the market overall is also weak, hence anything is possible. 8. Keep stock on the radar, and track price action to see if it forms any support in between the current price and Fibonacci support. 9. Don't bottom phish this stock as it has its IPO Price with Huge Volume, and the same levels would now act as strong Resistance 10. Resistance: 180-190, support at 100-90
NSE:NYKAAShort
by manuagarwal21
NYKAA - Pennant PatternFSN E Commerce (NYKAA): Monthly Trend: Cannot be ascertained, too little data. Weekly Trend: Downtrend, current consolidation starting from 09 May, 2022 may lead to either a downtrend or an uptrend. CASE 1: If it falls further, it will be a continuation of the previously established downtrend with the current consolidation acting as a secondary trend. CASE 2: If it breakout, there is a possibility that it will consolidate upwards. 1850 - 80 will act as a major resistance in this scenario. Daily Trend: In the daily timeframe, NYKAA is trading within a pennant. Either a breakout or a breakdown from this may lead to scenario discussed in the weekly trend part.
NSE:NYKAA
by nav_soi
Nykaa down 50% from highs, good buy on dips stockNykaa is one of India's leading specialty beauty and personal care companies and also forayed into the fashion segment, which is now a significant part of the Nykaa business. It has acquired 6.6 million new customers this year . Nykaa is working on faster delivery of packages to the customers by opening new regional warehouses, making investments in rolling out new stores, and also spending heaving on customer acquisition marketing. Nykaa is also invetsing in new business like EB2B business as Nykaa Man. Coming to technicals The Current price of NYKAA is Rs. 1401.45. Nykaa has fallen approx 50% from its all-time high, but still manages to trade above its IPO price The stock took support near 1219 levels once in Feb 2022 and in May 2022 making it a double bottom formation. Double bottom - Forms at the bottom and indicates the end of the falling price. Stock is holding comfortably above 1200 levels and any dips towards it can be an opportunity to go long in the stock. .
NSE:NYKAALong
by manuagarwal21
NYKAAFSN E-commerce Ventures Ltd. (FSNEV) popularly known as "NYKAA" is a digitally native consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. The company has a diverse portfolio of beauty, personal care, and fashion products, including owned brand products manufactured by it. Technical :- Company recently Listed in stock market that's why so the chart was not enough to analysis, :-Stock is listed with good profits and then you see a rally then the stock correct their price and now it's ready to rock.. Fundamental :- Sales Increase on YOY, Profit margin Increase on YOY, Most of females give a first preference to NYKAA in Beauty product as per my Research, I'd like to recommend this on a FUNDAMENTAL basis because I think it will do something big.. NSE:NYKAA ****IT IS FOR A LONG TERM**** DISCLAIMER : **I am not SEBI register..** **This is not an investment or Trading advice. This is Just for discussion/paper trading purposes.**
NSE:NYKAALong
by Sniper-trades