NAVA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

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Technical Rating: 3.3

Technical Analysis Summary

• Trend: Reversing from highs with bearish momentum
• Moving Averages: Price (₹618) is below DMA 50 (₹636) but above DMA 200 (₹565), indicating medium-term support but short-term weakness
• RSI (41.4): Weak momentum, approaching oversold territory
• MACD (-11.9): Bearish crossover, confirming downward pressure
• Bollinger Bands: Price near lower band, suggesting oversold conditions and potential support
• Volume: Below average (1.8L vs 3.46L), indicating weak participation

Entry & Exit Zones

• Support: ₹600 – ₹610 (recent base and psychological level)
• Resistance: ₹635 – ₹645 (DMA 50 and prior swing highs)
• Optimal Entry: ₹605 – ₹615 if RSI stabilizes and MACD flattens
• Exit Zone: ₹635 – ₹645 if price struggles near resistance

Positive

• EPS of ₹14.9 and improving quarterly PAT (₹141 Cr. vs ₹97.4 Cr.)
• Price up 69.1% over 52 weeks
• Low debt-to-equity ratio (0.01) supports financial stability
• Positive FII (+0.12%) and DII (+0.06%) sentiment

Limitation

• MACD and RSI indicate bearish momentum
• High P/E of 41.4 vs industry average of 30.9
• PEG ratio of -106 suggests valuation distortion due to earnings volatility
• Volume significantly below average, showing lack of strong conviction

Company Negative News

• Concerns over export demand and commodity price fluctuations affecting margins

Company Positive News

• Steady profit growth and operational efficiency improvements
• Diversification across energy and ferroalloy segments

Industry

• NAVA operates in the diversified industrial and energy sector
• Peers include JSW Energy, Jindal Stainless, and Vedanta

Conclusion

NAVA is currently reversing from its highs with bearish technical indicators and weak momentum. While fundamentals show resilience and long-term price strength, short-term caution is warranted. Traders may consider entry near ₹610 with targets around ₹645, watching for RSI recovery and MACD stabilization.