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.
