Nykaa holds its uptrend while ₹350 caps the move

Nykaa closed at ₹345, maintaining a constructive position near the top of its recent range. The stock is above both the 20-day moving average at ₹334.54 and the 55-day average around ₹334.32, with the two averages tightly aligned below price. This reflects a healthy consolidation after the strong July advance rather than a breakdown in trend. Price is now approaching the ₹348–350 resistance band, where recent rallies have met supply. A clean close above ₹350 would indicate that buyers are ready to extend the uptrend, with ₹360 and then ₹370 becoming the next reference levels. Until that happens, the stock may continue to trade in a relatively narrow range while the moving averages catch up. MACD remains supportive. The MACD line near 1.81 is above the 0.92 signal line, while the histogram is positive at roughly 0.89. Momentum is positive but not accelerating sharply, which suits a consolidation phase rather than a runaway breakout. ₹334–335 is the key support zone because both moving averages meet there; below it, ₹325 becomes the next level to monitor. Nykaa’s beauty and e-commerce positioning can generate momentum-driven swings, but the chart currently offers a disciplined framework: hold above ₹334, clear ₹350, and use the moving-average band to judge whether the trend remains intact.