NYKAA presents a compelling buy-side technical opportunity consolidating near pivot ₹238.50 support (S1 ₹236/S2 ₹232) from deeply oversold STOCHRSI(6.84) and Williams %R(-91) levels signaling capitulation exhaustion after 2.78% correction to ₹238.15, despite bearish MA cluster across 5-100 SMA. Neutral RSI(34-40) alongside narrowing MACD(-3 to -5) confirms downside momentum depletion creating favorable risk-reward near lower Bollinger Band ₹234.95, validated by recent higher lows formation above 200-SMA ₹239-240 zone. Attractive long entry targeting R1 ₹242.50/R2 ₹245 resistance with tight stops below S2 ₹232 for optimal rebound capture ahead of expiry in this e-commerce leader.
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