NYKAA on 07 Aug 2022
NYKAA is in Accumulation Phase from Last 3 Months.
Moving in a very restricted range ready for triangle Breakout.
As of now volume is low, BO with good Volume bar will be a good entry.
First Entry for Buying can be done after Triangle Breakout.
As per triangle Breakout Tgt is 1860 and keep SL 1200.
Second Entry for Buying can be done after Resistance Breakout of 1550 level.
As per Resistance Breakout Tgts are good upside for Swing and Positional trade keeping SL 1200.
All time Breakout above 2580.
So NYKAA is:-
Buy above 1550 (or triangle Breakout)
Swing Tgt 1 = 1860
Swing Tgt 2 = 1745
Swing Tgt 3 = 1898
Positional Tgt 1 = 2178
Positional Tgt 2 = 2400
Positional Tgt 3 = 2565
StopLoss = 1200
Average out at 1314.
This is my personal view and is only for educational purpose only. Take your financial advisor advice before investing.
Happy trading :-)
Moving in a very restricted range ready for triangle Breakout.
As of now volume is low, BO with good Volume bar will be a good entry.
First Entry for Buying can be done after Triangle Breakout.
As per triangle Breakout Tgt is 1860 and keep SL 1200.
Second Entry for Buying can be done after Resistance Breakout of 1550 level.
As per Resistance Breakout Tgts are good upside for Swing and Positional trade keeping SL 1200.
All time Breakout above 2580.
So NYKAA is:-
Buy above 1550 (or triangle Breakout)
Swing Tgt 1 = 1860
Swing Tgt 2 = 1745
Swing Tgt 3 = 1898
Positional Tgt 1 = 2178
Positional Tgt 2 = 2400
Positional Tgt 3 = 2565
StopLoss = 1200
Average out at 1314.
This is my personal view and is only for educational purpose only. Take your financial advisor advice before investing.
Happy trading :-)
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