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 &...
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 appears to be bottoming out. Opportunity to Swing Long. Target 1 @ 200
As per my analysis on NSE:NYKAA chart, if any 45min close and sustained above level of 122, then we can make buy entry at 122-125 with stop loss of 113 (Daily candle close). My expected upside target would be 137 & 175 (If price succeed to sustained above 137) Note: This is my personal analysis, only to learn stock market behavior. Thanks.
Nykaa 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...