Triple Top Formation At Top Bearish Rising Wedge Pattern At Top Also Breakdown Of Neckline Looking For Shorting Opportunity With Target Of 1. 2315 2. 2072
IF NYKAA susutains the support trendline then it can be considered for going long.
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.
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.. Like... Share... Follow....
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.
strategy based on candle and volume. track this. its a neutral view but huge potential for long term. add to portfolio. might give dividends in future