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NYKAA

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
Nykaa would you like to Buy hereNSE: NYKAA Time Frame :- 1 Day Patterns Name :- Triangle Conclusion :- A ETriangle which is completed now shows if shows up a Bullish signal after the Downtrend which most probably shows up a uptrend . We are not responsible for any profit or loss Based on Your Own Risk this is only to Show you the Current Pattern Comment Below If You want to ask me questions on this on any other idea BTW Like and Follow if you like this awesome content Made By MAYANKTECHRESEARCHING Have a Nice Day to you all
NSE:NYKAALong
by UKnowN_ThE
Nykaa - Important support/resistance levelsKey highlights: - Nykaa is still about 40% down from the ATH - Marked out a few important horizontal S/R levels in order to give a better idea to the new learners. - Do not trade in between the levels, always trade level-to-level. - Nearest flip zone: 1535-1570 - Higher flip level: 1907 - All-Time low (Untested): 1309 Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick) Community Manager (India), TradingView
NSE:NYKAA
by johntradingwick
NYKAA NYKAA FSN E-Commerce Ventures Limited is engaged in the business of manufacturing, selling and distribution of beauty, wellness, fitness, personal care, health care, skin care, hair care products, fashion garments, fashion accessories and equipment Low probability of default in next 12 months PE Ratio 1061.05 Sector PE 58.17 Stock is 3.69x as volatile as Nifty Largecap With a market cap of ₹65,626 cr, Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:NYKAA
by SENSITRADE_T
Indices Stage Dramatics amid increased VolatilityNIFTY 50 EOD ANALYSIS 23-11-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 17281.75 H 17553.70 L 17216.10 C 17503.30 EOD +86.50 points /+0.50% SGX Nifty 22-11-21 @ 1905h = +8 points FII DII = -3065 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty made a 200+ points gap down opening action and possibly surprised many traders especially those who may have taken yesterday’s low as the short-term bottom. It then found support just above 17200 and then never looked back at zones below 17300 for the entire day. However, the day was not smooth as India Vix increased to 18+ and there were fast and wild swings that are not easily seen even on a 5 minutes chart. Bank Nifty also ended in the green but relatively underperformed to Nifty. Nifty has in the process made a lower high and a lower low. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 42 Top 5 Draggers contributed = 24 Net = +18 POSITIVES Nifty closed above 17500. Bank Nifty closed above 37200. Reliance has finally halted bleeding was the leader of the lifters pack. From the Bank Nifty pack, Kotak Bank and SBIN have shown positivity which is good. NEGATIVES Surprisingly, Infosys fell sharply - though it recovered a bit but is below 1750 and this may weigh on Nifty tomorrow. HDFC Bank, ICICI Bank, and Axis Bank continue to remain weak and this is preventing Bank Nifty to perform at its usual level. TRADING RANGE FOR 24-26 November 2021 Just as I feared, Nifty broke the back of yesterday’s low , and made a dash towards 17200, but good support around that lifted it to where it ended. So Nifty support for the week unless broken on the downside appears to be around 17175-200. Any close below 17820 which was the resistance for 22 Nov may be used a sell trigger. Bank Nifty found support around 36600 so 36500 may be a good line of defence for now and resistances are plenty and more. INSIGHTS / OBSERVATIONS When the net contribution of the top 5 Lifers and Draggers of Nifty is only 18 out of a total positive of 86, it indicates that there was a much wider change of color from red to green. The nifty range for the day was almost 60% than that of yesterday, but volatility increased as it dipped sharply at the open. Interestingly, even though it closed above 17500, India Vix is still above 18 indicating further swings. It is said that - One hot day does not change the weather to summer. Likewise, a close above 17500 when FTSE was in the negative does not mean that the pain is all over. Bajaj Finance & Bajaj Finserv seem to work in tandem - either these are in the lifters list or in the draggers list. These two may well change the Nifty weightage going ahead. Yet again, FIIs have sold for more than 4000 Crores - so even if there is a positive open, it is more likely to invite selling. I am not sure if anyone is tracking the FIN NIFTY index as it is not seen prominently or it is just that I am not looking at it... What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 23-11--21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTY
by AVENUESOFINVESTMENT