Nykaa ready to dance !As the party begins in the nifty index,
Nykaa is also making up to dance in the party!
The only uncertainty is whether events like the Fed meeting, US GDP data, and earnings will ruin the party.
NYKAA trade ideas
NYKAAThis stock is very beautiful situation weekly double bottom 2h chart is asending Triangle THIS stock is multibagger stock after 3m or 4m
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.
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NYKAAFSN E-commerce Ventures Ltd. (FSNEV) popularly known as "NYKAA" is a digitally native consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. The company has a diverse portfolio of beauty, personal care, and fashion products, including owned brand products manufactured by it.
Technical :- Company recently Listed in stock market that's why so the chart was not enough to analysis,
:-Stock is listed with good profits and then you see a rally then the stock correct their price and now it's ready to rock..
Fundamental :- Sales Increase on YOY, Profit margin Increase on YOY,
Most of females give a first preference to NYKAA in Beauty product as per my Research, I'd like to recommend this on a FUNDAMENTAL basis because I think it will do something big..
NSE:NYKAA
****IT IS FOR A LONG TERM****
DISCLAIMER :
**I am not SEBI register..**
**This is not an investment or Trading advice. This is Just for discussion/paper trading purposes.**
Breakout of ascending triangle and TrendlineNkyaa has given a breakout of Ascending triangle patterns as well as trendline and today it gave more than 4% up moment.
Keep it on Radar resistance is seen on the 1900 level.
Nykaa Holi Hungama Sale breackout Nykaa is an Indian e-commerce company, founded by Falguni Nayar in 2012 and headquartered in Mumbai. It sells beauty, wellness, and fashion products across websites, mobile apps, and 84 offline stores. In 2020, it became the first Indian unicorn startup headed by a woman
Nykaa Holi Breakout Next trendBreakout Next trend
Nykaa is an Indian e-commerce company, founded by Falguni Nayar in 2012 and headquartered in Mumbai. It sells beauty, wellness and fashion products across websites, mobile apps and 84 offline stores. In 2020, it became the first Indian unicorn startup headed by a woman.
Is Nykaa share breaking out for a short term gain? Keep an eye on high volumes as a trigger for a short term gain of 10-15%. Time frame 1 week.
#MACD crossover
Nykaa IndiaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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NYKAA - Bumper ListingNykaa, the High Growth listed at whopping Gain of approx 86% yesterday.
Managed to close in green as well and upside momentum may continue for a few trading as well.
Those who played for listing gain and got lucky at the allotment, may book some profit or trail some with a stop loss below 2000 levels.
Currently, it is difficult to take fresh positions in the stock after a big listing gain, let the stock stabilize, keep it on the tracklist, any correction if seen in the stock, can be a good opportunity to invest in this high growth company.
