Nykaa – Technical Analysis, Support and Resistance

The stock

is showing a strong long-term bullish trend but short-term consolidation on the daily chart. After a sharp rally from around ₹260 to ₹350 the stock has been moving in a broad range near its recent high. The latest chart close is around ₹335.95, while ₹350 remains the key recent high zone. Current market data also shows the stock trading above its 200-day moving average supporting the broader bullish structure. Support & Resistance: Immediate support is around ₹320–325. If this zone holds, the stock can remain range-bound to positive. Below ₹320 the next support can come near ₹305–310 followed by ₹290–295. On the upside ₹345–350 is the immediate resistance zone. A sustained breakout above ₹350 can indicate fresh strength. Short-Term Buyers & Holders View: For short-term buyers, the stock is currently near the upper part of its consolidation range, so confirmation is important. A sustained move above ₹350 with strong volume can improve momentum and indicate continuation. If price fails to cross ₹345–350 and breaks below ₹320, short-term weakness can increase toward ₹305–310.