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FSN E COMMERCE VENTURES
Long

SWING IDEA - NYKAA (FSN E-COMMERCE VENTURES)

By Visionary_Growth_Insights
Updated
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 those levels.
  • 50EMA and 200EMA support on daily timeframe.
  • Doji candle on weekly timeframe.
  • 0.382 Fibonacci support.
  • Broke strong consolidation of 1year.


Target - 194 // 224 // 247
StopLoss - Daily close below 153
Trade closed: target reached
1st target achieved.
We got 17.5%+ in this trade.
BSEbuyzoneChart PatternsEquityindianmarketTechnical IndicatorsnseNYKAApriceactionanalysisswingtradingTechnical AnalysisTrend Analysis
Visionary_Growth_Insights

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