Stock was consolidating between the levels of 65 and 105 and has given a breakout with huge volumes on monthly candle. I am looking to invest in it half quantiy at CMP of 105 and other half quanity at 98. Target 145 and SL 90 on weekly closing basis. Time frame 6-8 months.
Nykaa has changed its trend from bearish to bullish on weekly time frame(mid-term). It is continuously sustaining above all its key moving averages. I am buying it in the range of 165-175. The targets are mentioned in the chart. Stop Loss is Rs. 150 on weekly closing basis. Mutual funds have increased their stake too in this counter.