E-Commerce Sector Reversal2.92Y ATH breakout. Few weeks tight consolidation by taking 38.2% Fib level support. E-Commerce stocks looking great to increase allocation. Custom index atleast have 10-12% potential
Ecommerce
NYKAA - Swing Trade Analysis - 23rd May #stocksNYKAA (1D TF) - Swing Trade Analysis given on 23rd May, 2024
Pattern: CUP & HANDLE
- Volume Buildup at Resistance- Done ✓
- Resistance Breakout - In Progress
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
E-Commerce Sector breakoutAmong E-Commerce sector, Zomato, Infoedge(Naukri), FSN(Nykaa), One97(paytm), Indiamart, Easytrip, Justdial are the top 7 companies by M.Cap.
Created custom index among 7 and shows clear breakout in weekly chart & RSI
Among them Infoedge is profitable in 5Y period with good technical chart but high valuations
