Nykaa Ltd has formed a triple top pattern on its 4-hour chart after a sustained upward move in recent trading sessions, signaling possible trend exhaustion and a potential bearish reversal. The formation indicates weakening buying momentum and suggests a possible shift from uptrend to downtrend.

Triple Top Pattern Formation

The triple top is a classic bearish reversal pattern characterized by three peaks formed at roughly the same price level, separated by moderate pullbacks. This technical formation indicates that buying momentum is weakening near resistance levels.

On Thursday, the stock broke below the ₹240 support neckline after forming the triple top pattern. This breakout, supported by sustained selling volumes, confirms near-term bearish momentum.

Technical Indicator Analysis

Multiple technical indicators support the bearish outlook for the stock:

Key Indicators

The RSI indicates bearish momentum as it fell from 31 in the previous trading session to 29.00 on Thursday, confirming trend continuation. The MACD shows the orange signal line crossing above the blue MACD line with the histogram turning red, indicating bearish momentum.

Stock Performance Overview

Nykaa, founded in 2012 as a digital-first beauty company, has grown into a leading consumer-focused platform offering beauty, fashion, and B2B solutions. The company serves over 49 million customers through online channels and 265 offline stores.

Market Implications

The triple top formation suggests potential for near-term downside pressure. For confirmation of the bearish reversal, traders typically look for:

• Decisive close below the neckline support
• Higher trading volumes accompanying the breakdown
• Reduced risk of false breakdown signals

The immediate downside targets are typically the nearest support levels below the neckline, where traders may look to book profits or reassess positions. The combination of technical pattern formation and supporting indicators creates a comprehensive bearish outlook for the near term.

Nykaa has formally notified stock exchanges about an upcoming board meeting scheduled to review its quarterly financial performance. The beauty and fashion e-commerce platform will present its financial results for the third quarter of fiscal year 2026, marking a significant milestone in its corporate calendar.

Board Meeting Details

The company has scheduled the board meeting for February 5, 2026, where directors will deliberate on crucial financial matters. The meeting agenda encompasses comprehensive review of the company's performance metrics for the reporting period.

Financial Results Scope

The board will consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. These results will provide comprehensive insights into the company's operational and financial performance during the specified period. The statutory auditors' report will accompany these financial statements, ensuring compliance with regulatory requirements.

Trading Window Restrictions

FSN E-Commerce Ventures Limited has implemented trading window closure as per regulatory compliance requirements. The restriction period demonstrates the company's adherence to Securities and Exchange Board of India guidelines regarding insider trading prevention.

Regulatory Compliance

The intimation has been submitted pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about board meetings where financial results will be considered. The notification was signed by Chetan Sharma, Company Secretary and Compliance Officer, on January 20, 2026.

Market Communication

The formal communication was addressed to both National Stock Exchange of India Limited and BSE Limited, ensuring comprehensive market notification. FSN E-Commerce Ventures Limited trades under the symbol NYKAA on NSE with scrip code 543384 on BSE. The company has requested stock exchanges to take this information on record for appropriate dissemination to market participants.