Got clarity since my initial idea (linked below) on January 12, 2024 .
The alternative view presented there played out.
For now price seems to be in wave 1 of larger degree wave 3.
Break above red wave 1 high @ 195.50 and thereafter an impulsive break of the base channel will give more confidence to this idea.
Shall update the idea as price develops...
Nykaa Looks Technically bullish in Daily and Weekly Timeframe. Wait for Daily Candle to close above 169 and Enter. And Also looks good for Positional Trade as well.
T1 - 175
T2 - 180
T3 (Positional) - 200 (if the Daily candle close above 186)
SL - As per ur Risk management, Suggested 165 - 156
This is not an Investment recommendation, just for Educational...
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I Hope this message finds you well. I wanted to provide you with an update on the stock NSE:NYKAA I Have been following. The stock has recently taken support at a key level 157-160 , indicating a potential opportunity for a short-term trade. my analysis suggests that there might be a favorable entry point for a short- Term position.
Support Level-...
Technical Data
1.Accumulation Phase of About 1 Year
2.Increased Volume during Accumulation Phase
3.Big Breakout on Weekly TF with Big Volume
4. Retest of This phase is also done
5. Price Respected Breakout zone of 150-155
6. Rejection & Buying Confirmed on Weekly TF
Fundamental Data Analysis
1.Company is posting Increased Quarterly Results
2.Fundamentals &...
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.
NSE: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...
Entry Given Now
Can enter at CMP - 161
SL - 135
Targets - 215,310,410+
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your...
NYKAA- 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...
Nykaa looks positive..
Please refer the levels for more Info
Please consult your financial advisor before investing
All research for educational purposes only.
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...
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...
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.
Consolidation 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
CMP 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...
An 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.
