NYKAA trade ideas
Strong bounce from support NYKAANSE:NYKAA
Recently big names bought in
Relative strength
Strong support
Above the triangle breakout
Buy for target of 235 and above
SL: Honestly go without SL and keep adding, but if you want to you can have 178 as SL
NykaaTrade Setup:
- crossed resistance of 210 INR and sustained on weekly basis (price trading at support levels).
- 20 EMA crossed (or is above) 50 EMA on weekly basis, and the EMA's are steep in upward direction.
- RSI > 50
- RS is positive (>0)
Buy price = CMP (215 INR). Add on drips until near 50 EMA
Stop loss = trendline
Target = 310 INR
Nykka Nykka had created 3 inside and inside candel as you can see it ass we now this is in up trend by seeing ema it 9,20 on the chart .
We will trade for short term on the upper side of the big candel break with good volume and good canel .
As there is more sellers in that area we can see in the volume and target will be upper line and the stop losss will be bellow demand area
NYKAAFSN E COMMERCE VENTURE has breakout round bottom pattern breakout TGT up to 40%
this is just for educational purpose
Darvas Box Strategy - Breakout StockDisclaimer: I am Not SEBI Register adviser, please take advise from your financial adviser before investing in any stocks.
Stock has given break out buy above the High and do not forget to keep stop loss best suitable for swing trading. Keep this stock in watch list.
Target and Stop loss Shown on Chart.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
NYKAAnykaa formed ascending triangle and giving breakout after 1.5years buy at 200 cmp sl-16
5 and
tgts of 312
Nykaa, mutual funds bought Recently icic mutual fund bought, 4jul
Now again some activities see yesterday, heavy buying more then 70% quantity delevery.
Nyka result also improving.
Buy NYKAABreakout - Triangle pattern
Increase in institutional holdings
One of the IPOs who's yet to outperform index from long time
What's Cooking here - NYKAA!I can't interpret fundamentally what's going on with Nykaa. But the technicals are signaling the strong turn-around story.
Also the trend of DIIs or MFs increasing the stake in NSE:NYKAA and the price is still under consolidation boosts the confidence of ENTRY.
From Dec 2022 to Till date DIIs are constantly buying the NYKAA around the current price range.
---------- Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022
Promoter 52.2% | 52.2% | 52.3% | 52.3% | 52.3% | 52.3%
FII 10.3% | 10.7% | 9.8% | 10.0% | 12.3% | 11.1%
DII 17.2% | 15.3% | 14.3% | 11.6% | 7.9% | 6.4%
Nykaa - Mid / Long Term Investment Pick*Nykaa CMP - 177*
Buy Range 175 - 180 ONLY
Target 1 - 187
Target 2 - 200
Target 3 - 220 +
Long Term Target - 420
Disclaimer: This is my view and for educational purpose only. Trade according to your risk and am not responsible for your loss.
NYKAA Looking Good For Reversal Targets 400 long termNYKAA Looking Good For Reversal
Targets 400+ long term
Taken support from strong fibo zone
consolidated on support
Broken out consolidation with good candle
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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!
NYKAA - Swing Trade IdeaNykaa Looks Technically bullish in Daily and Weekly Timeframe. Wait for Daily Candle to close above 169 and Enter. And Also looks good for Positional Trade as well.
T1 - 175
T2 - 180
T3 (Positional) - 200 (if the Daily candle close above 186)
SL - As per ur Risk management, Suggested 165 - 156
This is not an Investment recommendation, just for Educational purposes kindly do ur Own analyse trade accordingly.
Ready to Fly $NSE:NYKAAI Hope this message finds you well. I wanted to provide you with an update on the stock NSE:NYKAA I Have been following. The stock has recently taken support at a key level 157-160 , indicating a potential opportunity for a short-term trade. my analysis suggests that there might be a favorable entry point for a short- Term position.
Support Level- 157-160
Entry Point- 155-158
Stop Loss Point- 145
Target Point- 180,195,210
Time Frame - 6-9 Months
I closely monitoring the stock's movement and will continue to provide you with timely updates as the situation evolves. If you have any questions or would like more detailed insights, please don't hesitate to reach out.
Please note that investing always involves risks, and it's crucial to conduct your research or consult with a financial advisor before making any decisions. These suggestions are based on the information available up to this point and are subject to market fluctuations.
Thank you for entrusting us with your investments. I remain committed to helping you make informed decisions.
NYKAATechnical Data
1.Accumulation Phase of About 1 Year
2.Increased Volume during Accumulation Phase
3.Big Breakout on Weekly TF with Big Volume
4. Retest of This phase is also done
5. Price Respected Breakout zone of 150-155
6. Rejection & Buying Confirmed on Weekly TF
Fundamental Data Analysis
1.Company is posting Increased Quarterly Results
2.Fundamentals & Company management is strong
3.Big Institutions also increasing stakes continuously
4. Kind of monopoly listed player in Market
(Study BSE for monopoly listed player)
5. Consistently growing business & market share
Buy at CMP @155-157
SL- @135
Target 1-310 (100% Returns)
Target 2 - 410 (More than 150%)
Time Period- Next 6-12 Months
SWing trades BUY NYKAA @ 150.85 Quanity
Today, I bought Nykaa. Nykaa took support at ₹141.15 and exhibited support within a channel pattern both technically and fundamentally.
EXPECTED IMPORTANT DIRECTIONAL LEVELS FOR THE YEAR 2024NSE:NYKAA Hey Folks..!
I have marked all the important directional level for this year.
All the levels have the description, Bullish movements is expected in bullish range and Downside is expected in the bearish range.
Use the levels either Standalone or Club these levels with your existing trading style & strategy it will surely give you an edge.
If in case at any point of time NYKAA goes beyond these levels then i will either post additional levels in as an update or i will republish the idea with more levels.
Rules are simple , Short trades can work well in the Red / Bearish ranges whereas Long trades can work well in the Bullish ranges.
Also, i have changed the colour combination of the chart along with the candle colour now green candle are white and red candles are black.
All the Best Folks ! Stay tuned for updates.
NYKAA - 1 YEAR OF REASISTANCE BREAKOUTEntry Given Now
Can enter at CMP - 161
SL - 135
Targets - 215,310,410+
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we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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HAPPY TRADING 👍
