NYKAA - Swing Trade- Textbook example of Disappointment Lifecycle IPO Pattern (From the book: The Lifecycle Pattern)
- Accumulation after long time since IPO listing on Weekly Chart
- VCP type pattern formation
- MACD Positive
NYKAA trade ideas
NYKAA ready for massive gains#NYKAA has been in accumulation phase that has lasted for 9 months. Despite multiple failed breakout attempts, there was a subsequent pullback and flush maintaining above the trendline, followed by a week of contraction and then another breakout before earnings.
These all suggest strong bullishness along with positive results, Positive EMA crossover & RSI above 60.
Entry - Close above 155
Target - 20-30%
NYKAA - Still Weak?NYKAA - Still Weak?
Is a break of 1200 on the cards. If a break does come; what will be the next levels (FIBO)?
1.272:850
1.618: 382
But nykaa for upside moveAfter downside and consolidation now price making higher low which is sign of strength in the stock price. Rsi bullish divergence also seen on chart.
NYKAA {BOTTOM FISHING}After an year Nykaa is trading above its Important Moving averages in weekly TF ie.(11)! buy above 153 and keep sl at 142 and target should be 1:3. HAPPY TRADING(:
Can we See Uptrend in $NSE:NYKAA ?Dear Followers,
I hope this message finds you well. I wanted to share my swing trade view on NSE:NYKAA with you. I've analyzed the chart and identified some potential opportunities that I believe align with our swing trading strategy.
Stock: NSE:NYKAA
Holding Time Frame: 6-7 Months
Entry Point: 138-142
Stop Loss Point : 118
Target Point: 170,200,230
I've created a chart on TradingView that illustrates my analysis. You can view it by clicking on the following link:
in.tradingview.com
Please keep in mind that markets are inherently unpredictable, and there are no guarantees in trading. This view is based on my analysis as of Dated 24-Sep-2023, and conditions may change. It's important to do your own research and consider your risk tolerance before making any trading decisions.
Feel free to reach out if you have any questions or if you'd like to discuss this swing trade view further. Your feedback and insights are always appreciated.
Best regards,
Ajay Metha
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 Inverted H&S - Buy above 157#NYKAA Inverted H&S
Buy Close above @ 157
Sl - close below @ 130
Target @ 203
Biggest volume accumulation in nykaa.Nykaa launched @ 335 has been in a downtrend since ever and now forming a base to change the trend as FIXED VOL PROFILE analysis suggests. this stock may blast from here.
17 NYKAA - Weekly AnalysisIn the Weekly Chart of NYKAA ,
we can see that, it has formed a Bullish Hammer Candle on Trendline.
Enter on Breaking its high with low as SL and Go long for next 3 years like you hold Mutual funds.
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.
Trading in Narrow range from 3-4 weeksNYKAA is trading in a narrow range for the last 3-4 weeks.
Breakout above 150 will continue the Bull rally.
Buy Above 150, SL 138.5
NOTE: Please maintain good Risk to Reward, as per your risk appetite.
FSN E-commerceBuy abv 157
Target 200
SL 130
Weekly timeframe breakout candle close abv 157 is important for buy confirmation.
NYKAA looking Good After giving breakout it is consolidating in a very small range if it will give breakout on upside we may again see a good upside in NYKAA.
Nykaa Reversal candle after the downtrend.On the weekly charts , Nykaa has formed reversal candle , eventually prices have closed in bull candle above the high of RC . In the coming days if it sustains above 153, the we can see prices retracing the previous downfall up to 162/189/213
Buy NykuBuy nykaa cmp 146 target 191
Its consolidating since long time.
Breakout above 153 will launch the rocket
Buy NYKAANykaa looking reversal after sell off.
TL break out and retest observed on Weekly chart.
Volume down on retest indicating some consolidation.
SL 130 for target of 200-215
LTP 143
R:R= 1:8
NYKAA - Good looking triangleBeautiful triangle. Needs no trendline make up to see it. Very obvious triangle. If it breaks buy above 153.5
With Zomato, Paytm, Policybzr all rising there might be some rubbing off effect. But unlike those three NYKAA is purely technical at this point.
Buy above 153.5
S/L: - 147 (-3%)
