NAVA - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.5

Here’s a detailed technical analysis of NAVA Ltd

📊 Trend Overview

Current Trend: Bullish

Phase: Strong uptrend nearing resistance

Bias: Positive, with momentum indicators supporting continuation

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹646

200 DMA: ₹540

Current Price: ₹715

Price is well above both DMAs → confirms strong bullish trend

Steep upward slope on both averages → momentum is accelerating

🔹 RSI (Relative Strength Index)

RSI: 64.9

Bullish zone, approaching overbought territory

Indicates strong buying interest but caution near ₹735+

🔹 MACD (Moving Average Convergence Divergence)

MACD: 21.8

Strongly positive → confirms bullish momentum

Histogram widening → trend strength increasing

🔹 Bollinger Bands

Price near upper band → bullish breakout zone

Bands expanding → rising volatility

Suggests continuation if volume supports the move

🔹 Volume Trends

Current Volume: 4.81 lakh

1-Week Avg Volume: 6.72 lakh

Volume slightly below average → mild consolidation

Watch for volume surge to confirm breakout above ₹735

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 690 Minor pullback zone

Support 2 646 50 DMA, strong base

Resistance 1 735 52-week high, immediate ceiling

Resistance 2 760 Projected breakout target

Resistance 3 800 Extended target zone if momentum sustains

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹690–₹705 (on pullback near support)

Exit Zone / Profit Booking: ₹760–₹800 (resistance and breakout target)

🔍 Momentum Signals

Short-Term: Strong bullish momentum with breakout potential

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

Volume: Slightly below average, but trend remains intact

🧭 Conclusion

NAVA is currently trending upward, supported by bullish indicators across the board. Price action above moving averages, a strong MACD, and expanding Bollinger Bands suggest continuation. Traders may consider entering on dips near ₹690 with targets around ₹760–₹800, while monitoring RSI and volume for signs of short-term exhaustion or breakout confirmation.

Let me know if you'd like to compare this setup with other mid-cap industrials or set alerts for resistance breakouts.

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