NUVAMA - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.5

Here’s a detailed technical analysis of Nuvama Wealth Management Ltd (NUVAMA)

📊 Trend Overview

Current Trend: Mildly bearish

Phase: Reversing from prior highs

Bias: Negative, as price slips below key moving averages and momentum indicators weaken

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹6,769

200 DMA: ₹6,542

Current Price: ₹6,406

Price is below both DMAs → signals short-term and medium-term weakness

Downward slope on 50 DMA → confirms reversal from recent highs

🔹 RSI (Relative Strength Index)

RSI: 41.5

Bearish zone → approaching oversold territory

Indicates weak buying interest and potential for further downside

🔹 MACD (Moving Average Convergence Divergence)

MACD: -161

Strongly negative → confirms bearish divergence

No crossover → trend remains under pressure

🔹 Bollinger Bands

Price near lower band → oversold zone

Bands widening → increasing volatility

Could signal short-term bounce if supported by volume

🔹 Volume Trends

Current Volume: 1.27 lakh

1-Week Avg Volume: 1.76 lakh

Volume below average → weak participation

Suggests lack of institutional conviction

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 6,250 Minor support zone

Support 2 6,000 Previous swing low

Resistance 1 6,542 200 DMA, immediate ceiling

Resistance 2 6,769 50 DMA, intermediate resistance

Resistance 3 7,200 Trend reversal confirmation zone

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹6,250–₹6,350 (on pullback near support)

Exit Zone / Profit Booking: ₹6,769–₹7,200 (resistance and breakout target)

🔍 Momentum Signals

Short-Term: Weak momentum, MACD and RSI confirm bearish pressure

Medium-Term: Reversal underway unless price reclaims ₹6,542 with volume

Volume: Needs improvement for any meaningful recovery

🧭 Conclusion

NUVAMA is currently reversing from its prior highs, with technical indicators showing weakness. Price action below both moving averages, a sharply negative MACD, and low RSI suggest caution. Traders may consider accumulating near ₹6,250 with a tight stop-loss, targeting ₹6,769–₹7,200 if volume confirms a rebound.

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