NYKAA, just getting started!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 further.
Thanks for reading!