SWING IDEA - NYKAA (FSN E-COMMERCE VENTURES)

This study involves a meticulous examination of historical price patterns, chart formations, and key technical indicators that collectively point towards an opportune moment for investors in NYKAA.

Reasons are stated below :

• The 155 levels underwent multiple tests before the price eventually broke through. Currently, the price is in the process of retesting those levels.
  
• 50EMA and 200EMA support on daily timeframe.
  
• Doji candle on weekly timeframe.
  
• 0.382 Fibonacci support.
  
• Broke strong consolidation of 1year.
  

Target - 194 // 224 // 247
StopLoss - Daily close below 153

Operación cerrada: objetivo alcanzado:

1st target achieved.
We got 17.5%+ in this trade.