Cup and Handle Breakout in NYKAA

Aug 25, 2025

A potential Cup and Handle breakout is forming in Nykaa (FSN E Commerce Ventures) on the daily chart. Price action shows a classical rounded base followed by handle consolidation, with prices breaking above resistance at ₹229.50. The breakout target is approximately ₹4.70 higher (about 2% upside), supporting bullish momentum. Additionally, the September 230 CALL option has surged 13.89%, reinforcing strong follow-through and trader interest on the breakout. This setup fits textbook continuation patterns and suggests a positive short-term outlook for Nykaa as long as prices hold above the breakout level.

Trade Context for Posting
Pattern: Cup and Handle breakout.

Underlying: FSN E Commerce Ventures (Nykaa), NSE daily chart.

Breakout Level: ₹229.50.

Target Upside: ₹4.70 (approx. 2% from breakout), option up 13.89%.

Validation: Bullish price action, volume expansion, supportive option activity.

Trade Plan: Consider long positions above ₹229.50, with stop-loss below the handle low. Watch for sustained momentum and volume, aiming for the indicated breakout objective.

This trade is based on established technical analysis principles, showing strong risk-reward from current levels, and is backed by sharp movement in related call options.

Aug 26, 2025

Trade active

Target done