NYKAA : Fsn E-Commerce Ventures Ltd based on Fibonacci only

We are evaluating Nykaa stock based on Fibonacci only. As the price has become unable to go down, there are chances of going up for some time.
Each Fibonacci level can act as a target when the price is moving up.
But waiting for a price breakout is imperative.
Promotor Holding : 52%
FII Holding : 11%
Mutualfunds : 12%
Insurance Companies :4.5%
PE Ratio : 1513
For educational purpose only. We do not provide any buy or sell advice.