Nykaa respected the rising structure even during the correction and never lost its trend strength.
Price held the sloping support, absorbed selling pressure, and then gave a clean breakout above the key horizontal resistance around 277 with strong volume.
This move shows acceptance above resistance — not a fake spike. Buyers waited patiently, and once price cleared the zone, momentum kicked in.
As long as price holds above the breakout level, the path of least resistance remains upward.
Next zone to watch lies near 313, based purely on structure and price projection.
Price held the sloping support, absorbed selling pressure, and then gave a clean breakout above the key horizontal resistance around 277 with strong volume.
This move shows acceptance above resistance — not a fake spike. Buyers waited patiently, and once price cleared the zone, momentum kicked in.
As long as price holds above the breakout level, the path of least resistance remains upward.
Next zone to watch lies near 313, based purely on structure and price projection.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.