7"NYKKA" FSN ECOMMERSE VENTURES LTD 28 WEEKS BREAKOUT WITH 1. NYKKA given a breakout in 135 days (28 Weeks) high and packed with the volume of 53.22M, And NYKAA' s last 30days average volume is 7.33M.
2. It was Created a range contraction between 139.8 to 195.50 (55.70 points, 39.84%), After this breakout this range might expand up to 111.4 points. In price levels the expansion will be leads to 306.9 levels.
3. Based on the Historical price action from 11th April 2022 to as of now there is no potential supply zones in Higher Timeframe like Weekly & Monthly between 294.15
4. Based on these analysis we can expect a Midterm price momentum in NYKKA up to 294.15 (94.12 Points, 47.05%) from CMP 200.03
5. In case if price comes down side for a retracement 172 to 178 area will act as a reversal zone because of Demand zone, Parallel EMA's and 0.618 Golden Ratio in of 139.8 to 195.5
CONCLUTION
Buy Trade Aggressive Entry CMP
Conservative Reversal Entry 178, If Price Come
Stoploss 170
Possible Target in Mid-term 294 (Weekly Supply Zone)
