Cup and Handle Breakout in NYKAAA 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.
NYKAA
Your Beauty, Our Passion - Nykaa FSN E-commerce Ventures Ltd. (FSNEV) popularly known as "Nykaa" is a digitally native consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. The company has a diverse portfolio of beauty, personal care, and fashion products, including owned brand products manufactured by it.
Cmp 197. - Ready for Monthly breakout. Please do your research before Investment.
This is just to boost my confidence. No Suggestions for buying.
Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial advisor before making any decisions.
E-Commerce - Still BearishRe-publishing chart after updating zomato as eternal ltd. After double top formation, e-commerce still looking bearish. So far HH-HL formation not formed even in daily chart. Trendline hasn't broken out. Technical indicators are weak with no momentum. 12431 would be pivot point.
NAYKAA - TECHNICAL analysis - weekly 🇮🇳#nykaa was founded in 2012 by Falguni Nayar, a former managing director at #kotak Mahindra Capital Company. The company's name is derived from the Sanskrit word "Nayaka," meaning actress or "one in the spotlight," symbolizing the celebration of every woman.
Here's an 📉chart overview based on available information:
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
NYKAA - Ready for reversal - 33% upside potentialPrice Analysis & Overview:
1. Channel BO with exceptional volume spike.
2. Price structure is bullish.
3. Strength is still not very convincing for me.
4. I will wait for more PA to form and maybe enter on a retracement or pullback.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. I share whatever I do. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
NYKAA going to boom; Min 40 % ROI; Swing Traders, Take a lookHuge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
Follow for regular updates.✌️
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Wait for small retracement & daily candle to close above - "226"
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If you are interested in investment now, go for it with proper risk,
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Enter after market close above
"Yellow box" mentioned.
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Wait for proper reversal and conformation.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency " 💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
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Refer over old posted idea attached below.
Breakout Stocks to Keep An Eye On - Nykaa & Balrampur ChiniNYKAA
The stock had been experiencing a significant consolidation period, during which it created an Ascending Triangle pattern.
Following a breakout, the price initially surged but encountered resistance around the 195 level, leading to a sharp pullback.
Subsequently, the stock price began to rise again but met resistance at the 187 level this time.
After a brief consolidation, it developed a Cup & Handle pattern.
Recently, a powerful breakout occurred, backed by substantial trading volume, indicating that the price is poised for a significant upward movement.
BALRAMPUR CHINI
The stock price experienced a significant pullback after it fell below the Rising Wedge pattern.
Following this, it entered a prolonged consolidation period, during which it developed an Inverted Head and Shoulders pattern.
After the breakout, the price initially soared but underwent a brief consolidation once more before breaking out again.
This movement also marks a breakout from the Rounding Bottom pattern, suggesting substantial upside potential for the stock.
FSN with YoY growth results, ready for Stage 2?FSN posted good YoY results with expanding offline too, this can be super combo: online(e-com) + offline for the future growth for the company.
-right now, setup is in stage 1 but in uptrend so VCP concept can apply
VCP : 20W-30/2-4Ts (Contraction for 20 weeks, contracting from 30% to ~2% n total contraction 4 times)
-check Red Arrows how supply is flushing with every fall (Flushing of supply is imp for stock to blast)
Green Vol > Red Vol
-DTL BO: Down Trendline Breakout (Orange Circles), its forth time stock is testing this TL. N every time go up there with good volume.
-Moving Avg: are pointy upwards (10, 21, 50 emas)
-50 ema MAU&R (Moving Average Undercut n Rally) a GOOD Shakeout, read about it from here: OwlTraders Glossary (cant share link, will comment)
Overall, liking this setup. But one should wait for confirmation of stage 2 too, if stock move good from here n form a base then its a kinda confirmation.
NYKAA CUP & HANDLE PATTERN | LONG TARGETS 212/244Purchase NYKA within the price range of 187-192
Set targets at 211 & 244.
If the price surpasses 244, then 303 and 344 Targets will be ready to give you more amount then beauty products.
Hold the investment for 3-4 months, specifically until the peak of summer.
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.
Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
Thank you for Reading my complete Analysis,
Naveen
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
Double Moving Averages Crossover Swing Trade📊 Script: JINDALSTEL
📊 Nifty50 Stock: NO
📊 Sector: Steel
📊 Industry: Steel - Sponge Iron
⏱️ C.M.P 📑💰- 849
🟢 Target 🎯🏆 - 890
⚠️ Stoploss ☠️🚫 - 825
📊 Script: VTL
📊 Nifty50 Stock: NO
📊 Sector: Textiles
📊 Industry: Textiles - Cotton/Blended
⏱️ C.M.P 📑💰- 442
🟢 Target 🎯🏆 - 472
⚠️ Stoploss ☠️🚫 - 425
📊 Script: JSWENERGY
📊 Nifty50 Stock: NO
📊 Sector: Power Generation & Distribution
📊 Industry: Power Generation And Supply
⏱️ C.M.P 📑💰- 528
🟢 Target 🎯🏆 - 561
⚠️ Stoploss ☠️🚫 - 511
📊 Script: NYKAA
📊 Nifty50 Stock: NO
📊 Sector: E-Commerce/App based Aggregator
📊 Industry: Trading
⏱️ C.M.P 📑💰- 161
🟢 Target 🎯🏆 - 173
⚠️ Stoploss ☠️🚫 - 155
📊 Script: SUNPHARMA
📊 Nifty50 Stock: YES
📊 Sector: Pharmaceuticals
📊 Industry: Pharmaceuticals - Indian - Bulk Drugs
⏱️ C.M.P 📑💰- 1620
🟢 Target 🎯🏆 - 1692
⚠️ Stoploss ☠️🚫 - 1590
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
NYKAA BASED FORMED AND NOW BREAKOUT ?Nykaa
cmp 164
base formation done
now attemting breakout
add if get 130 / 110
target 180 / 200 / 220 / 240++
Wcbsl 100
1) Value addition
2) increase in volume
3) Formation of strong base
4) Trendline support
5) attempting breakout......
Regards..
Keshav Jain
17/11/2023
NYKAA | Investment Pick📊 Details
FSN E-commerce Ventures Ltd. (FSNEV) popularly known as "Nykaa" is a digitally native consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. The company has a diverse portfolio of beauty, personal care, and fashion products, including owned brand products manufactured by it.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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NYKAA - Bullish Swing ReversalNSE: NYKAA is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
NYKAA - Ichimoku BreakoutStock Name - FSN E-Commerce Ventures Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 170
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
#CloudTrading
#IchimokuCloud
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#Ichimokuexpert
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#NYKAA Weekly level Huge breakoutGreetings Folks,
today I have prepared a setup of NYKAA on NSE
the analysis is as follows-
- the price was in a constant downtrend from the start
- it formed consecutive 4 equal highs in span of 260 days
- price today broke out of this static resistance, can hope for a reversal
- price was making minor higher lows
- the elliot correction wave ABC also adds to our confirmation in bias
don't play with fire, always use a predefined stoploss
NYKAA looks good!Why NYKAA Looks Good?
In the recent price action, we have observed a notable bullish trend as the price has surpassed the level it was trading at 10 bars ago. This upward momentum indicates a positive market sentiment and suggests the potential for further price increases.
Furthermore, we have also noticed a significant development in the price crossing above the 21-day moving average. This event suggests a shift in the market dynamics, as the price has moved beyond a key indicator of the average price over the past 21 day. This breakout above the moving average indicates a potential reversal from a previous downtrend to a new uptrend.
Additionally, prior to this breakout, the price appeared to have undergone a period of accumulation near the bottom of the major downtrend. This accumulation phase typically signifies a consolidation or gathering of buying interest, potentially indicating a market bottom. The subsequent breakthrough of resistance further strengthens the case for a reversal in the overall market direction.
In summary, the recent price action and the breakout above the 21-day moving average point towards a shift from a bearish trend to a bullish trend. The market seems to have concluded a phase of accumulation and is now signaling a new uptrend.
Note for everyone who came across this reference:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
NYKAA LONG TERM Investment with LONG TERM perspective as shown in chart with the study purpose
Disclaimer - This is not a Stock recommendation.
Investments in securities are subject to market risk. The value and return on investment may vary because of changes in interest rates, foreign exchange rates, or any other reason.
It's an educational post for analyzing, learning & discussing general and generic information related to stocks, investments, and strategies.
NYKAA might be forming double bottom 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.