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Dhwani Patel

20th Aug · SEBI-Registered Analyst

FSN E Commerce - NYKAA, Failed head and Shoulder

I see a Head & Shoulders structure that has failed to confirm on the downside. The neckline around ₹320–322 is holding, and as long as

NYKAA
sustains above this zone, I would treat the pattern as a failed bearish setup rather than a breakdown. A move above ₹332–335 can revive the bullish momentum, with ₹340–345 as the next resistance zone. A decisive break below ₹320 would bring the bearish pattern back into play.

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Screenshot 2026-08-20 160844.png
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