NYKAA BO [Weekly]

Nov 19, 2023

NYKAA getting good volumes and breaking out of a decent base. Good to keep an eye out for, this stock has corrected a lot since IPO and could try to reach a certain level. Do consider overhead supply on these kind of scrips, a lot of retailers are caught in this since IPO.

Dec 3, 2023

Note

Next pivot point to tackle for this stock would be at 225, entry points can be taken at consolidation on 21DMA or 50 DMA at preference as it seems momentum has kicked now that bottom formation seems to be over.
[No Recommendations, Sharing for knowledge and tracking purposes]

Jan 9

Note

BO after a few weeks of sideways consolidation, Seems to be gearing up to the 225 level mentioned earlier. :)

Jan 16

Note

Some news came in about a lot of shares being sold, one can see volume spikes on daily chart with red candles, caution on this, Not sure whether it'll hold up the BO support or not.

Jan 18

Note

Price has broken 50 DMA support. Not tracking for now. Will focus on other names until buying comes here