After facing a sharp 20% decline from its previous high, FSN E-Commerce Ventures, popularly known as Nykaa, is showing encouraging signs of recovery. The stock, which belongs to the dynamic e-commerce sector, may be entering a new phase of momentum, according to technical chart signals.
Breakout from Falling Trendline Hints at Potential Upside
In the last week of March 2025, Nykaa stock managed to break out from a falling trendline resistance, indicating a possible shift in trend. Currently, it is consolidating near its 200-day moving average (DMA) on daily charts — a key technical indicator that traders closely watch for directional cues.
The breakout above resistance and the base formation around 200-DMA suggest bullish sentiment could be building up again.
Short-Term Traders Watching for Target of ₹195
Experts tracking the stock say that short-term traders with a higher risk appetite could consider entering the stock, aiming for a potential upside towards the ₹195 mark in the coming weeks. However, caution is advised, as the stock is still in a consolidation phase and could remain volatile.
Nykaa’s Previous High Still a Distant Target
Nykaa had touched a high of ₹229 in August 2024, but failed to sustain the momentum. The recent dip followed by a rebound shows that the stock is struggling to find stable ground, but technical indicators may be hinting at a turnaround.
The key question now is whether the momentum sustains beyond consolidation or fades again.
