Warning-
Nykaa is trading near its 50-day moving average (₹249) and well above the 200-day moving average (₹208), indicating medium-term strength. The stock shows mixed momentum signals with an RSI around 43.6, suggesting mild weakness but potential for a positive reversal. Short-term resistance is near ₹261, with support levels around ₹215-₹217. The volume suggests some trading activity but no strong breakout yet. Overall, the stock is in a consolidation phase, and a decisive move beyond resistance or support will guide the next directional trend.
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