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Visionary_Growth_Insights

SWING IDEA - NYKAA (FSN E-COMMERCE VENTURES)

Long
FSN E COMMERCE VENTURES (NSE:NYKAA)  
Visionary_Growth_Insights Updated   
NSE:NYKAA   FSN E COMMERCE VENTURES
Trend Analysis Chart Patterns Technical Indicators swingtrading NYKAA buyzone Equity nse BSE indianmarket Technical Analysis priceactionanalysis
2
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trendanalysis chartpattern indicator swingtrading nykaa buyzone equity nse bse indianmarket technicalanalysis priceactionanalysis
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
Trade closed: target reached:
1st target achieved.
We got 17.5%+ in this trade.
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