Stock Radar: A breakout from rounding bottom pattern makes Nykaa an attractive buy; check target, stop loss

Nykaa, an e-commerce player, has broken out from a rounding bottom pattern, indicating a potential bullish trend reversal. Experts suggest short-term traders consider buying with targets of Rs 205-210 within 1-2 months. The stock's technical indicators, including RSI and MACD, support this upward momentum, with strong support established around Rs 170.