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Buyondips

DBCORP: Positive Trend with Buy Opportunity on DipsNSE:DBCORP : Positive Trend with Buy Opportunity on Dips NSE:DBCORP is exhibiting a positive trend, but careful attention is needed around key levels due to possible trapped trader zones. A buy-on-dip strategy near support may provide an optimal entry point. Support Zone: 335 – This is a strong area to consider buying on dips, with the last stop-loss set at 325 for risk management. Resistance Levels: 375 / 396 – Resistance here could lead to temporary pullbacks. Watch for a breakout above 396 to confirm strong bullish continuation. Price Action: The stock's behavior suggests some trapped traders, so it's essential to monitor price action closely for false breakouts. A buy-on-dip strategy near the 335 support could offer good risk-reward opportunities if the trend holds. Disclaimer: I am not a SEBI-registered Research Analyst. This analysis is for educational purposes only. Please perform your own research or consult a financial advisor before taking any trading decisions.
NSE:DBCORPLong
by Fight_Bulls_vs_Bear
Nykaa down 50% from highs, good buy on dips stockNykaa is one of India's leading specialty beauty and personal care companies and also forayed into the fashion segment, which is now a significant part of the Nykaa business. It has acquired 6.6 million new customers this year . Nykaa is working on faster delivery of packages to the customers by opening new regional warehouses, making investments in rolling out new stores, and also spending heaving on customer acquisition marketing. Nykaa is also invetsing in new business like EB2B business as Nykaa Man. Coming to technicals The Current price of NYKAA is Rs. 1401.45. Nykaa has fallen approx 50% from its all-time high, but still manages to trade above its IPO price The stock took support near 1219 levels once in Feb 2022 and in May 2022 making it a double bottom formation. Double bottom - Forms at the bottom and indicates the end of the falling price. Stock is holding comfortably above 1200 levels and any dips towards it can be an opportunity to go long in the stock. .
NSE:NYKAALong
by manuagarwal21