Nykaa ... 3 days old baby....
With limited data trying to help the current traders and new entrants ready to plunge....with the levels.
Use it wisely..
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NYKAA -
1. Strong listing, strong buying.
2. 2250 acted as Resistance.
3. Expected move from 2250 is test of 2050. But if it sustains above 2250 then we will have change in structure, meaning sellers are no more able to keep price below 2250.
4. Buy if it sustains above 2250.
In 15 minutes chart, we can see the strong uptrend is broken. Stock looks bearish for a few days now. Heading towards 2214. Support levels of 2214 and 2181 are crucial. To resume uptrend, it has to cross 2261. Analysis for self only.
Giving this IPO information ( ONLY TECHNICAL ANLYSIS ) so that people use there mind and knowledge in order to invest in market and do not blindly follow anything, LEARN then EARN
FSN E-Commerce Ventures Ltd. engages in the online and offline retail of beauty, personal care, and fashion products. The firm offers its products under Nykaa brand. The company was founded by Falguni Sanjay Nayar and Adwaita Sanjay Nayar in 2012 and is headquartered in Mumbai, India.
NSE
