NAVA - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.2

Here’s a comprehensive technical analysis of NAVA Ltd based on the data provided and current market indicators

📊 Trend & Momentum Overview

Current Price (₹604) is above both 50 DMA (₹569) and 200 DMA (₹489) — confirming a strong uptrend.

RSI (53.8): Neutral to bullish, with room for further upside.

MACD (13.1): Strongly positive, indicating momentum continuation.

Volume: Significantly below average, which may suggest low conviction or profit booking.

Conclusion: The stock is trending upward, but volume softness hints at possible short-term consolidation.

📈 Chart Patterns & Indicators

Bollinger Bands: Price likely near the upper band, signaling momentum continuation or short-term resistance.

Support Zones

₹569–₹575: Strong support near 50 DMA

₹540: Previous swing low and psychological level

Resistance Zones

₹620–₹630: Minor resistance from recent price action

₹674: 52-week high, major resistance

🔍 Short-Term Momentum Signals

Bullish Indicators

Price above key moving averages

MACD strongly positive

RSI above 50

Watch for: Breakout above ₹620 with volume for confirmation of continued rally

🎯 Optimal Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 575 – 590 Near support, above DMA levels

Target Exit 620 – 630 First resistance zone

Stop Loss 560 Below 50 DMA and recent support

🔄 Market Phase

Status: Trending

Bias: Bullish

Outlook: Positive, but volume needs to pick up for sustained breakout

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