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NYKAA Stock: Short Selling with Time frameNYKAA Short Selling Recommendation Introduction: This report aims to provide a technical analysis of the NYKAA stock and a recommendation for short selling the stock in the short term, with time frame of 30th Jan 2023. The analysis is based on the latest charts and indicators and is intended for investors and traders who are looking to capitalize on market movements. Background: NYKAA is an Indian e-commerce company that sells beauty and personal care products. The company's stock is listed on the National Stock Exchange of India (NSE) and is widely followed by investors and traders. Analysis: The NYKAA stock has been in a downtrend for the past few months, but recent price action suggests that the stock may be reaching a support level. The stock has been trading around 133.75 levels, and a breakdown below this level could signal a short-term trend reversal. The technical indicators are also pointing to a potential short selling opportunity. The Relative Strength Index (RSI) has been trending lower, and is currently at overbought levels, indicating that the market is overbought and may be due for a pullback. Additionally, the Moving Average Convergence Divergence (MACD) histogram has crossed below the zero line, suggesting that the trend is losing momentum. Furthermore, price action on the chart shows that the stock has reached a support level and is showing signs of a potential reversal with bearish cand formation. Recommendation: Based on the analysis above, we recommend short selling the NYKAA stock if it breaks down 133.75 levels, with a stop loss of 136.95. This strategy aims to capitalize on a short-term trend reversal and capture potential profits as the market pulls back. The target 1 is 130.55 and target 2 is 128.50 with time frame of 30th Jan 2023. Disclaimer: It's essential to keep in mind that the market is highly volatile and unpredictable. Therefore, it's recommended to keep a close eye on the price action, and use stop loss and take-profit levels to minimize risk and maximize returns. It's important to conduct your own research and analysis before making any investment decisions and always consult a financial advisor before taking any action. Conclusion: In conclusion, the NYKAA stock appears to be reaching a support level, and technical indicators suggest a potential short-term trend reversal. Therefore, short selling the NYKAA stock if it breaks down 133.75 levels with a stop loss of 136.95 and target 1 of 130.55 and target 2 of 128.50 with time frame of 30th Jan 2023 is a recommended strategy for traders and investors looking to capitalize on market movements in the short term.
NSE:NYKAAShort
by EntryandExit
NIFTY FOR UPCOMING WEEK 28 MAR TO 31 MAR 2021Hello everyone this chart technically measured and filtered by INFINITYIV.. LAST CHART FAILED TO ACHIEVE ACCURACY… WE ARE WORKING HARD TO BRING OUT THE LOOPHOLES. LEVELS FOR THE WEEK. RESISTANCE. ⬆️ 17184 ⬆️ 17447 ⬆️ 17798 SUPPORT. ⬇️ 17110 ⬇️ 16902 ⬇️ 16659 POSITIVE. 1. Reliance turned positive. 2. GST COLLECTION. 3. PCR. NEGATIVE. 1. War still on. 2. Last week market not moved as prediction. 3. Buyers lost a lots. 4. Buyers have nothing to pull. 5. Sellers eat each other money. Means market will move within range. HOW TO TRADE WITH CHART. SIMPLE FOLLOW PREVIOUS CHART. NOTE. 1. Avoid a week if you smart trader. 2. If you have value of your hard earned money u will sure listen me. 3. Last and my first chart not achieved accuracy. 4. If you have better option go with them. 5. Extremely sorry for last chart. GREETINGS. INFINITYIV WISHES YOU HAPPY TRADING AND HAVE PROFITABLE WEEK.
NSE:NIFTYShort
by INFINITYIV