NYKAA - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Technical Analysis of FSN E-Commerce Ventures Ltd. (NYKAA)

⭐ Technical Rating: 3.9

📈 Trend Overview

Current Price: ₹210

50 DMA: ₹205 → Price trading above short-term average

200 DMA: ₹189 → Price also above long-term average

Trend Status: Trending Up The stock is showing signs of a bullish reversal, having climbed ~35% from its 52-week low of ₹155. It’s approaching its recent high of ₹230.

🔍 Momentum Indicators

RSI (50.2): Neutral zone; momentum is building but not yet strong

MACD (2.61): Positive and diverging from signal line — bullish bias

Volume: Slightly above weekly average — confirms steady accumulation

📉 Chart Patterns & Signals

Recent Formation: Double bottom breakout near ₹176 confirmed

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Bollinger Bands: Price near upper band — bullish continuation likely

Candlestick Signal: Bullish engulfing near ₹205 support zone

📌 Support & Resistance Zones

Level Price Range (₹)

Support 202 – 206

Resistance 228 – 232

Breakout Zone Above ₹232 could trigger rally toward ₹245–₹250

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🎯 Entry & Exit Strategy

Optimal Entry: ₹204–₹208 (near support zone)

Stop Loss: ₹198 (below recent swing low)

Target Exit: ₹228–₹232 (resistance zone); ₹245+ if breakout confirmed

⚡ Short-Term Signals

Bullish bias with MACD confirmation

Watch for RSI > 55 and volume surge near ₹230 to validate breakout

Trendline breakout in progress — keep an eye on daily close above ₹230

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