Decided to book profit as soon as the price reached the first key inflection level. So closed the position and booked a profit of about 13.82% on the invested capital. I do realise that there is a potential for a 13% move remaining in order for the price to reach the upper trendline of the parallel channel. But considering the overall macro economics, I decided to...
Purchase NYKA within the price range of 187-192
Set targets at 211 & 244.
If the price surpasses 244, then 303 and 344 Targets will be ready to give you more amount then beauty products.
Hold the investment for 3-4 months, specifically until the peak of summer.
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct...
This is a fresh trade idea, previous had SL hit (for that idea). My entry at 143 is still good.
Nykaa after reaching 195 dipped significantly to below 159. Now trading at 163
It's good to enter 40% of trade at CMP , as we can already see signs of reversal with a bullish OBV divergence on the daily and weekly charts. Further move down to 152-155 range , which is a...
NYKAA - Possible Reversal
Got in @165.5 on 1-APR-24. More strength abv 195-200 and more addition if sustains abv 195-200. T-SL is SMA-50/Situational.
Current gain +8.24%
NSE:NYKAA
In the Weekly Chart of NYKAA ,
we can see that, after W breakout, it has taken a halt and now it is ready for up move.
Enter on Halt Candle's high with Low as SL.
I am a noob trader, learning price action. I just felt Nykaa is forming a double bottom pattern, which a can result into a potential up move.
Any experienced trader viewing this can comment if my interpretation is wrong.
According to analysts' expectations, the price, revenue, and earnings forecasts appear attractive, with promising consolidated financial statements. In terms of shareholding patterns, mutual funds and DIIs have steadily increased their stakes in the company over the past few quarters. However, FIIs' shareholding pattern shows mixed sentiment without a clear trend,...
Nyka price is dropped during last week market down. And now it is reversing from long trend line. Yesterdays hammer and todays green indicates good up move in next few sessions.
Good for quick swing trade
Nykaa seems to be good entry buy seems little week , i need confermation that i will get at 148 so at 148 i will be buying with confermation , 2-4 rupye yaha waha , just be safe with safe entry
NYKAA EXACTLY WHERE NEEDED , keep an eye for candle close, it has touched my support line , and will enter on green candle even if i buy 1-2 rs above now
That's how I am looking at it.
Already in at 143 , but trade wasn't posted. Will be trying to post more frequently
If you're looking for a target - 208 should be first .
A weekly close below 162 should be your stop loss trigger (if entering now at 173)
P.S: Not financial advice. Sharing my ideas.
