nyakaa 1st sign of uptrend brkout of range and retest to upper zone of range with heavy volume accumulation going on ,coming month with bring some profits.
NYKAA trade ideas
NYKAA - Weekly AnalysisIn the Weekly Chart of NYKAA ,
we can see that, it is same range since 7 weeks.
Now it has made a decision making candle.
Enter on breaking its High with Low as SL.
Nykaa- On Radar mYselfNykaa- On Radar mYself
1) Channel
2) Bottom of channel
3) MAy break sooner 300+ Target
Bullish on Nykaa target of 180Breaked the resistance today 17-11-2023. You can hold for the target of 180 in next 2 weeks.
This idea is for the educational purpose only. Take a trade on your own risk.
NYKAA Investment IdeaNykaa has changed its trend from bearish to bullish on weekly time frame(mid-term). It is continuously sustaining above all its key moving averages. I am buying it in the range of 165-175. The targets are mentioned in the chart. Stop Loss is Rs. 150 on weekly closing basis. Mutual funds have increased their stake too in this counter.
NYKAA - Broadening Triangle Pattern NYKAA - Broadening Triangle Pattern (A Symbol of High Volatility)
It is a result of Several False Breakouts, trapping both Bulls and Bears, I will talk more at some later stage in detail, for time being try to see This triangular pattern, forming HH HL and also trapping people on both sides.
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.
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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.
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Disclaimer:
This is for educational purposes only.
NYKAAUpside breakout.
This is just for educational purposes and understand how technical analysis works.
Nykaa- Wyckoff AccumulationThe stock has broken out📈 of 11 months long consolidation or Wyckoff accumulation phase as Wyckoffians calls it. There are many signs of strength which signify a potential change in trend from downtrend to an Uptrend.
⚡We all are familiar with what is called a down trend📉. A downtrend simply means lower lows and lower highs in the price structure. In this chart we can observe a shift in structure from LL-LH to a HL-HH.
⚡In more simpler terms, the price just managed to jump🏋️♂️across the resistance by breaking recent swing highs.
⚡Not only it broke above the resistance, but it did with huge volume💪 also. This is telling us about the strong buying interest by the traders and investors🧐.
⚡Also notice higher volume on Up days than on the Down days. This is another indication of accumulation going on since Jan 2023.
⚡The price has been holding above the breakout level (see blue rectangular area on the chart). It's not uncommon for the price to pullback to retest those levels and then resume on the upside.
⚡Pullbacks should be considered as a buying opportunity as long as the stock holds above the breakout level.
I hope this idea will add to your learnings.
Keep boosting🚀for more educational ideas in future.
NYKAA (For Medium To Long Term)Range Breakout is seen on the Weekly Chart. The stock has a possible upside of 189, 236, 273 in the long term. View invalidate below 138 Weekly closing basis.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor prior to making any investment.
BREAKOUT, NYKAA, 100% RETURNS!!!BUY - NYKAA
CMP - Rs. 171
Target - 1: Rs. 237
Target - 2: Rs. 290
Target - 3: Rs. 342
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Timeframe - 6 months - 18 months
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Technicals - Triangle Breakout
.
This is just a view by an expert analyst, please invest at your own risk.
.
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Reversal Candidate!! Stage 2 Uptrend!!🟢1W charts indicate capitulation & volume explosion near 122
🟢NYKAA taken support 130. About to enter stage two uptrend.
🟢It has given buy signal at 146.05 on VSA Momentum indicator.
🟢Will buy more on decline @130. SL=445 on week closing basis.
Nykaa Cmp 168 Rectangle BONykaa Cmp 168 dated 17-11-2023
Positional View:
1. Rectangle BO @ 170
2. Price Rise with Volume Rise
3. RSI BO
Buy above 170 target 180-190-200-210-225 SL 140
It is just a view, please trade at your own risk.
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.
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Better Days has come for Nykaa, long term Growth story started!!Hello Traders & Investor,
Better day's has come for Nykaa, Earlier stock was in highly downtrend it was making lower lows and lower highs pattern but now there is no more lower lows on chart and it has given a wedge pattern breakout in yesterday session. Now this stock is ready to fly in blue sky. This is definitely giving a best enty for short term as well as long term. 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.
Price is above 200-EMA and MACD is already given bullish crossover on chart. this is a clear indication that buyers are taking control on it.
KEY POINTS
Leading Digital Company:-
Nykaa is the largest specialty beauty and personal care platform in India in terms of value of products sold in FY21 and one of the fastest growing fashion platforms in India based on growth in GMV. It has the highest average order value (AOV) among leading online beauty and personal care platforms in India.
Business segments:-
A) Nykaa - Beauty and Personal care (90% of the revenue) The company offers 2,96,122 SKUs from 3,118 global and domestic brands primarily across make-up, skincare, haircare, bath and body, fragrance, grooming appliances, personal care, and health and wellness categories online beauty and personal care platforms in India.
Apart from the tie-ups with several suppliers, the company also has its own brands such as “Nykaa Cosmetics” , “Nykaa Naturals” and “Kay Beauty”.
** Business Model:-** The segment operates based on the ‘’ Inventory led model’’ where the company procures products in bulk and stores them at their warehouse and sells them upon receiving orders from its customers.
B) Nykaa Fashion:- Apparel and Accessories (9% of the revenue)**
The segment was only launched in 2018 and now it has 1,553 brands and more than 4.3 million SKUs with fashion products across five divisions: women, men, kids, tech and home.
**Business Model:-** This segment has different operating models such as sale or return (SOR), marketplace and just-in-time (JIT) inventory model.
Diverse Portfolio of Owned Brands:-
The Co. has a portfolio of 15 owned brands. During FY22, the Co. introduced five additional owned brands namely- Dot & Key, Nykaa SkinRx, Pipa Bella, Gajra Gang, and IYKYK.
Acquisitions:-
During FY22, the company’s wholly owned subsidiary ‘Nykaa Fashion Private Limited’ acquired the brand ‘KICA’ for a consideration of up to Rs. 45.1 million.
In April 2022, the Co. acquired 18.5% stake in Earth Rhythm Private Limited and 60% stake in Nudge Wellness Private Limited.
Market Cap
₹ 47,854 Cr.
Current Price
₹ 168
High / Low
₹ 192 / 114
Stock P/E
2,440
Book Value
₹ 4.88
Dividend Yield
0.00 %
ROCE
5.52 %
ROE
1.42 %
Face Value
₹ 1.00
Debt
₹ 966 Cr.
EPS
₹ 0.07
PEG Ratio
115
Promoter holding
52.3 %
Intrinsic Value
₹ 5.26
Pledged percentage
0.00 %
EVEBITDA
146
Change in Prom Hold
-0.02 %
Profit Var 5Yrs
21.2 %
Sales growth 5Years
55.0 %
Return over 5years
%
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Reversal Breakout Stock Looking good for mid-term investment
In Stock reversal brakeout done with good closing
NYKAA#NYKAA - The stock has broken out from its Stage 1 base and is entering Stage 2. Additionally, the stock's relative strength is showing improvement, now in the green. Keep an eye on this one!
Trend Reversal NYKAAAfter pretty expensive IPO listing and fall of almost 3x since listing this seems to be a turnaround in ecommerce company with strong volume candle on daily charts and weekly closing above immediate resistance.Good R:R at current levels
#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 has moved out of the Symmetrical Triangle @ 15Nykaa has moved out of the Symmetrical Triangle @ 155
