NYKAA ready for massive gains

٨ نوفمبر ٢٠٢٣

#NYKAA has been in accumulation phase that has lasted for 9 months. Despite multiple failed breakout attempts, there was a subsequent pullback and flush maintaining above the trendline, followed by a week of contraction and then another breakout before earnings.

These all suggest strong bullishness along with positive results, Positive EMA crossover & RSI above 60.

Entry - Close above 155
Target - 20-30%