NYKAA trade ideas
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.
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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.
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.
NYKAA Positional Buy Idea 28.04.2023As 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 share showing RIHS Pattern and analyzed by day candles Nykaa shars is the one of the leading fashion group future growth company which is showing a long down trend and followed reverse indicator Head and Shoulders pattern again trend breakout rightnow....we expect profit to breakout Rs149 and move to Rs 178.50 with in short-term .
Buy price Rs150
Profit price Rs178.5
Sell price Rs140...
Expect profit 20%