This is a fresh trade idea, previous had SL hit (for that idea). My entry at 143 is still good.
Nykaa after reaching 195 dipped significantly to below 159. Now trading at 163
It's good to enter 40% of trade at CMP , as we can already see signs of reversal with a bullish OBV divergence on the daily and weekly charts. Further move down to 152-155 range , which is a golden pocket (fib 0.618) , is not out of question. Where one could look to add the rest 60% of the trade position.
TLDR ;
enter 40% now at CMP (163)
enter 60% between 152-155
SL : Daily close below 144
TP : 209
Nykaa after reaching 195 dipped significantly to below 159. Now trading at 163
It's good to enter 40% of trade at CMP , as we can already see signs of reversal with a bullish OBV divergence on the daily and weekly charts. Further move down to 152-155 range , which is a golden pocket (fib 0.618) , is not out of question. Where one could look to add the rest 60% of the trade position.
TLDR ;
enter 40% now at CMP (163)
enter 60% between 152-155
SL : Daily close below 144
TP : 209
All entries in profit now.
Will continue to hold for projected 209