Archive · 23 Jul 2026
Stock Market Update: Key Levels for Ola, Nykaa, PB Fintech
The Indian stock market ended lower on Wednesday due to rising US-Iran tensions and a weakening rupee.
Three stocks, Ola Electric, Nykaa, and PB Fintech, are expected to be in focus for traders.
Nykaa is showing a strong uptrend with a target price of Rs 350, while Ola Electric and PB Fintech are showing bearish trends with key support and resistance levels identified.
Indian equity benchmark indices ended lower on Wednesday due to rising US-Iran tensions and a weakening rupee.
Nykaa has broken out of its consolidation range and is trading above major moving averages, indicating a strong uptrend with a target price of Rs 350.
Ola Electric shows a bearish trend with lower highs and lows, and a support zone around Rs 35-33.
PB Fintech has broken down below Rs 1,560 and is trading below key moving averages, indicating a bearish trend with a support zone around Rs 1,480.
Laxmikant Shukla, Technical Analyst at YES Securities, provides insights on key levels, targets, and stop losses for these stocks.
- Who
- Laxmikant Shukla, Technical Analyst at YES Securities
- What
- Analysis of stock performance for Ola Electric, Nykaa, and PB Fintech
- When
- Ahead of Thursday's trading session
- Where
- Indian equity market
- Why
- To provide insights on key levels, targets, and stop losses for traders
Bullish Outlook
Bearish Outlook
Nykaa's Performance
Bullish Outlook
Nykaa has broken out of its consolidation range and is trading above major moving averages, indicating a strong uptrend with a target price of Rs 350.
Bearish Outlook
Not applicable
Ola Electric's Performance
Bullish Outlook
Not applicable
Bearish Outlook
Ola Electric shows a bearish trend with lower highs and lows, and a support zone around Rs 35-33. A breakout above Rs 40-41 is needed for a trend shift.
PB Fintech's Performance
Bullish Outlook
Not applicable
Bearish Outlook
PB Fintech has broken down below Rs 1,560 and is trading below key moving averages, indicating a bearish trend with a support zone around Rs 1,480.
- BSE Sensex
- 76,755.05
- Nifty50
- 23,996.25
- Nykaa Target Price
- Rs 350
- Nykaa Stop Loss
- Rs 305
- Ola Electric Resistance
- Rs 40-41
- Ola Electric Support
- Rs 35-33
- PB Fintech Resistance
- Rs 1,625-1,660
- PB Fintech Support
- Rs 1,480