Nykaa share has been under constant beating from its listing. Currently, the share is consolidating and it might form a double bottom pattern to bounce from 120-125 levels. RSI is already forming higher lows. The major resistance is 145-150 levels above which the stock might show signs of reversal. Idea shared is not a recommendation but just for educational purposes.
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This might blast soon. Today, strong volume at support is seen.
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Going good! 131.7 from 122.6(closing of 28th april)
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Today's high is 138.9
Trade closed: target reached
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150+ seen in this stock. 155-160 is a supply zone after which the stock can rally upto 180.