Nykaa ₹225 pe Bounce Ready: Beauty Boom ya Valuation Boom?"

Technical Analysis (Daily Chart Based) Based on the provided daily chart, the

stock is currently exhibiting a corrective phase after a sharp upward move. The price structure indicates the formation of lower highs and lower lows, confirming a short-term downtrend. The stock is trading below its key moving averages, reflecting weakness in momentum. The Parabolic SAR indicator is also aligned on the bearish side, further validating the ongoing downward trend. Momentum indicators such as RSI are hovering near the lower range, suggesting weakening strength, while MACD remains in negative territory, indicating continued bearish momentum. At present, the stock is approaching a crucial demand zone, which could determine the next directional move. Key Support and Resistance Levels Immediate support is placed in the range of 225–230, which is acting as a critical demand zone. A breakdown below this level may lead to further downside towards 210. On the upside, immediate resistance is seen at 245–250, followed by a stronger resistance zone at 260–265. A sustained move above these levels would be required to re-establish bullish momentum. News and Events Impact Recent developments indicate strong earnings performance, supported by growth in the beauty segment and increasing demand for premium products. Expansion in offline retail stores and faster delivery initiatives are also contributing positively to the company’s growth trajectory. Despite these positives, the stock has witnessed profit booking after its recent rally, leading to the current corrective phase.