NAM-INDIA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.3

Here’s a detailed technical analysis of Nippon Life India Asset Management Ltd (NAM-INDIA)

📊 Trend Overview

Current Trend: Bullish

Phase: Trending with moderate momentum

Bias: Positive, supported by price action above key moving averages and improving MACD

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹810

200 DMA: ₹725

Current Price: ₹838

Price is above both DMAs → confirms bullish trend

Rising slope on both averages → momentum is strengthening

🔹 RSI (Relative Strength Index)

RSI: 56.7

Neutral to bullish zone

Indicates steady buying interest with room for further upside

🔹 MACD (Moving Average Convergence Divergence)

MACD: 4.99

Positive MACD → confirms bullish momentum

Histogram expanding → trend strength increasing

🔹 Bollinger Bands

Price near upper band → bullish zone

Bands moderately expanding → rising volatility

Suggests continuation if volume supports the move

🔹 Volume Trends

Current Volume: 4.3 lakh

1-Week Avg Volume: 5.9 lakh

Volume slightly below average → mild consolidation

Watch for volume spike to confirm breakout above ₹850

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 810 50 DMA, minor pullback zone

Support 2 780 Previous swing low

Resistance 1 850 Immediate resistance

Resistance 2 875 Intermediate ceiling

Resistance 3 888 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹810–₹825 (on pullback near support)

Exit Zone / Profit Booking: ₹875–₹888 (resistance and breakout target)

🔍 Momentum Signals

Short-Term: Bullish momentum with breakout potential

Medium-Term: Trending upward with confirmation from MACD and moving averages

Volume: Needs improvement for sustained breakout

🧭 Conclusion

NAM-INDIA is currently trending upward, supported by bullish indicators across the board. Price action above moving averages, a positive MACD, and expanding Bollinger Bands suggest continuation. Traders may consider entering on dips near ₹810 with targets around ₹875–₹888, while monitoring RSI and volume for signs of short-term exhaustion or breakout confirmation.

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