NUVAMA | Bullish Engulfing + VWAP Alignment📈 NUVAMA | Bullish Engulfing + VWAP Alignment + Strong Momentum Reversal 🚀
🔹 Entry Zone: ₹7,420.50 – ₹7,436.00
🔹 Stop Loss: ₹7,151.90 (Risk ~284 pts)
🔹 Supports: 7,244.33 / 7,068.17 / 6,972.33
🔹 Resistances: 7,516.33 / 7,612.17 / 7,788.33
🔹 Swing Demand Zone: ₹7,086 – ₹6,998.50
🔹 Intraday Demand Zone: ₹7,253.50 – ₹7,223
🔑 Key Highlights
✅ Bullish Engulfing Candle – powerful reversal confirmation
✅ VWAP Alignment – institutional bias turning bullish
✅ Momentum Strength – bullish follow-up after base formation
✅ Bollinger Squeeze-Off – volatility expansion expected
✅ Volume near average – healthy buyer participation, stable accumulation
🎯 STWP Trade View
📊 Strong bullish momentum supports a near-term rally toward ₹7,516–₹7,612. Sustaining above ₹7,612 could open upside potential to ₹7,788.
⚠️ The ₹7,253–₹7,223 zone provides intraday support, while ₹7,190–₹7,165 acts as a swing base for positional buyers to watch.
💡 Learning Note
This setup demonstrates how a Bullish Engulfing pattern with VWAP confirmation offers a reliable multi-signal entry. When aligned with tight demand zones, it allows traders to manage risk effectively while capitalizing on short-term breakouts.
Final Outlook: Momentum: Strong, Trend: Bullish, Risk: Low, Volume: High
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⚠️ Disclosure & Disclaimer – Please Read Carefully
The information shared here is meant purely for learning and awareness. It is not a buy or sell recommendation and should not be taken as investment advice. I am not a SEBI-registered investment adviser, and all views expressed are based on personal study, chart patterns, and publicly available market data.
Trading—whether in stocks or options—carries risk. Markets can move unexpectedly, and losses can sometimes exceed the money you have invested. Past performance or past setups do not guarantee future results.
If you are a beginner, treat this as a guide to understand how the market works and practice on paper trades before risking real money. If you are experienced, always assess your own risk, position sizing, and strategy suitability before entering trades.
Consult a SEBI-registered financial adviser before making any real trading decision. By engaging with this content, you acknowledge full responsibility for your trades and investments.
Position Status: No active position in NUVAMA at the time of analysis.
Data Source: TradingView & NSE India (Past Chart Reference) (Historical levels)
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