BUY : NYKAA-EQ( NYKAA ) [6545]

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NYKAA establishes attractive buy-side technical setup at CMP ₹255.15 trading above day low ₹250.50 with intraday bounce confirming higher low formation above 200DMA ₹228.71 after recent correction from year high ₹273.22, positioning 1.1% above 50DMA ₹258.90 signaling potential trend reversal. Oversold readings STOCHRSI 8.91 and Williams %R -81.87 alongside neutral RSI 42.33 create classic mean reversion opportunity targeting R1 resistance near year high ₹273 with psychological ₹260 intermediate hurdle. Volume 429K vs average 6M alongside bearish MACD -1.14 histogram narrowing confirms momentum exhaustion offering defined ₹250 support risk framework ideal for tactical accumulation ahead of festive season consumption recovery.Warning-

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