Stock of the day : NYKAA Limited by Target Rs. 288

2026-05-06 10:09:44 am | Source: Religare Broking Ltd

Stock of the day : NYKAA Limited by Target Rs. 288 - Religare Broking Ltd

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NYKAA Ltd

* Nykaa exhibits a constructive recovery following an extended consolidation phase, with price action reclaiming critical short- to medium-term moving averages.

* The emergence of higher highs and higher lows signals strengthening trend structure and improving buyer dominance.

* Momentum indicators are turning favorable, suggesting potential continuation of the uptrend. Sustained stability above prevailing levels may support further upside.

* Investors may consider initiating long positions at recommended levels, subject to risk management considerations.

Buy NYKAA Ltd CMP 270 Range 269-271 SL 260 Target 288

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Stock of the day : NYKAA Limited by Target Rs. 288 - Religare Broking Ltd

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