Stock Radar: NYKAA stock breaks out from 4-week consolidation; likely to hit fresh 52-week highs – what should investors do?

Nykaa, a prominent player in the e-retail sector, has emerged from a 4-week consolidation phase, signaling potential for further upward movement. Technical indicators suggest a bullish trend, supported by rising volumes and positive momentum. Experts recommend a buy with a target of Rs 238 within 3-4 weeks, placing a stop loss below Rs 222.