#NYKAA Weekly level Huge breakout
Greetings Folks,
today I have prepared a setup of NYKAA on NSE
the analysis is as follows-
- the price was in a constant downtrend from the start
- it formed consecutive 4 equal highs in span of 260 days
- price today broke out of this static resistance, can hope for a reversal
- price was making minor higher lows
- the elliot correction wave ABC also adds to our confirmation in bias
don't play with fire, always use a predefined stoploss
today I have prepared a setup of NYKAA on NSE
the analysis is as follows-
- the price was in a constant downtrend from the start
- it formed consecutive 4 equal highs in span of 260 days
- price today broke out of this static resistance, can hope for a reversal
- price was making minor higher lows
- the elliot correction wave ABC also adds to our confirmation in bias
don't play with fire, always use a predefined stoploss
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.