Nuvama Wealth Management Limited (NUVAMA) Stock - Complete Technical Analysis - Nov 21, 2024

Nuvama Wealth Management Stock Analysis Bearish Trends and Key Levels to Watch NUVAMA Technical

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Nuvama Wealth Management Limited (NUVAMA), currently priced at 6,475.8, has been facing price weakness, down 13.54% from its 52-week high. With a current price above its 52-week low by 111.90%, the stock seems to be in a consolidation phase. The Spinning Top candlestick today highlights indecision, with the RSI pointing towards a neutral market. The negative MACD, along with a decline in Momentum, signals bearish pressure. Traders should be cautious of further downside, with immediate support around 6,094.9, and potential resistance around 7,640.45. Volatility remains high, as shown by the ATR, indicating large price movements, but caution is recommended until a clearer trend emerges.