NYKAA - Swing Trade Analysis - 23rd May #stocksNYKAA (1D TF) - Swing Trade Analysis given on 23rd May, 2024 Pattern: CUP & HANDLE - Volume Buildup at Resistance- Done ✓ - Resistance Breakout - In Progress - Demand Zone Retest & Consolidation - In Progress * DisclaimerLongby TradeRyteStockz2
FSN with YoY growth results, ready for Stage 2?FSN posted good YoY results with expanding offline too, this can be super combo: online(e-com) + offline for the future growth for the company. -right now, setup is in stage 1 but in uptrend so VCP concept can apply VCP : 20W-30/2-4Ts (Contraction for 20 weeks, contracting from 30% to ~2% n total contraction 4 times) -check Red Arrows how supply is flushing with every fall (Flushing of supply is imp for stock to blast) Green Vol > Red Vol -DTL BO: Down Trendline Breakout (Orange Circles), its forth time stock is testing this TL. N every time go up there with good volume. -Moving Avg: are pointy upwards (10, 21, 50 emas) -50 ema MAU&R (Moving Average Undercut n Rally) a GOOD Shakeout, read about it from here: OwlTraders Glossary (cant share link, will comment) Overall, liking this setup. But one should wait for confirmation of stage 2 too, if stock move good from here n form a base then its a kinda confirmation. Longby takmanish0070
a high probable tradegot entry and in few weeks the setup can give huge returns target can ge 200+ good demand of products and great trading pattern it all makes it a good setupLongby rohitjoshi5721
NYKAA for 20 - 30% move.NYKAA has announced a decent result and trend seems to be at good support, so min up to 20 - 30 % upward move is expected (sl can be 10% ).Longby Iyan_VUpdated 9
NYKAA : Booked a profit of about 13.82% on the invested capitalDecided 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 book profits in the current levels itself and then re-allocate the capital towards much safer opportunities. 📢📢📢 If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly. Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments. Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too. Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.Shortby Sniper-Traders6
NYKAA CUP & HANDLE PATTERN | LONG TARGETS 212/244Purchase 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 recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses. Thank you for Reading my complete Analysis, NaveenLongby NaveenTTR6
NykaaNykaa Stock has close abv Fibanacci Level any retest at 61.8 level can be good opportunity to trade this stock .by ParagAsher4
$NSE:NYKAA - Possible ReversalNYKAA - 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 Longby s_s3n0
NYKAA - primed re-entryThis 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 golden pocket (fib 0.618) , is not out of question. Where one could look to add the rest 60% of the trade position. TLDR ; enter 40% now at CMP (163) enter 60% between 152-155 SL : Daily close below 144 TP : 209Longby BitrageurUpdated 7
NYKAA - Weekly AnalysisIn 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. Longby JatinManani0
NykaaI 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. Longby santhoshv4561
NYKAA : Going LongAccording 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, while retailers have significantly reduced their holdings, indicating a shift from weak hands to strong hands. The net profit has more than doubled to INR 17.5 crore, and revenue has increased by 22% based on the Q3 results released recently, further confirming positive sentiment in the stock. Technically, the price has rejected from a key level, suggesting a high probability of a rally from this point. Thus, I have taken a position equivalent to about 1.25% of the net capital, aiming to target the near-term high for a profit of approximately 28% on the invested capital. I anticipate a downside risk of about 25% in the event of a market crash. In such a scenario, I will consider adding to the position at those levels after assessing the overall macro and microeconomics and market dynamics at that time. Feel free to follow me for updates on my positions and market insights. Additionally, I welcome your feedback and opinions in the comments section below this post. Other posts related to this particular position will be attached underneath. Do check those out too. Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.Longby Sniper-Traders5
Expect more upside - 20% UpsideTechnically strong at This support Zone Have good business in forthcoming Months Expect Huge upside from here. Long term holders cab hold till 50%Longby arezkumar911
Nykaa reversing from supportNyka 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 Longby Praventamizhan2
NYKAA UPDATE 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 entryLongby bhautik4avenger4111
NYKAA EXACTLY WHERE NEEDEDNYKAA 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 nowLongby bhautik4avenger42
NYKAA WAITING TO GET TRIGGEREDNYKAA WAITING TO GET TRIGGERED, its beean a while i an waiting but its not hitting my entry point , looks good to get hit in few days Longby bhautik4avenger4Updated 3
NYKAA - still has 20% upside in it (at least) 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.Longby BitrageurUpdated 3
nykaa...rounding bottom pattern NYKAA has made rounding bottom. With small risk..Good reward is looking here. Longby itsvwaptrader010
Nykaa on the verge of reversalNykaa Reversal: Entry : 165-175 Targets: 217 , 250, 296 Sl: 136, 137Longby debnathbedantaassam1
NYKAA BO [Weekly]NYKAA getting good volumes and breaking out of a decent base. Good to keep an eye out for, this stock has corrected a lot since IPO and could try to reach a certain level. Do consider overhead supply on these kind of scrips, a lot of retailers are caught in this since IPO.by HawkishDoveUpdated 444
NYKAA - FUNDAMENTAL AND TECHNICAL PICKOn Occassion of Diwali my educational pick basis fundamental and technical will be Nykaa NSE:NYKAA On technical front Price Crosses Moving Average (50-week) After down trend price in consolidation mode making HH and HL Bullish Momentum - Above Short, Medium and Long Term Moving Averages Outperformer - FSN E-Commerce Ventures Nykaa up by 1.32% v/s NIFTY 50 down by -1.34% in last 1 month RSI indicating price strength On fundamental front Company consistently making profits recent earnings show strength Company with low Debt Company able to meet its working capital requirments Growth in Net Profit with increasing Profit Margin (QoQ) Increasing Revenue every quarter for the past 2 quarters Increasing profits every quarter for the past 2 quarters Shareholding pattern Number of FII/FPI investors increased from 227 to 230 in Sep 2023 qtr. Institutional Investors have increased holdings from 21.62% to 24.15% in Sep 2023 qtr. Mutual Funds have increased holdings from 8.50% to 10.62% in Sep 2023 qtr. PLEASE NOTE THAT: 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 by hardeepssethiUpdated 339
NYKAA BASED FORMED AND NOW BREAKOUT ?Nykaa cmp 164 base formation done now attemting breakout add if get 130 / 110 target 180 / 200 / 220 / 240++ Wcbsl 100 1) Value addition 2) increase in volume 3) Formation of strong base 4) Trendline support 5) attempting breakout...... Regards.. Keshav Jain 17/11/2023Longby Harmonics4LifeUpdated 12