After a good listing this business has continued to do well. We can see another solid upwards move in this counter. Stop Loss at 4700 should be maintained. Positional Trade .
NUVAMA - Nuvama Wealth Management Limited - BUY ACTIVE
Chart Insights : Day Chart
We can see stock breaks the channel pattern with good volume and can expect upside move if its sustain above the resistance.
Drawn support and resistance levels on chart for entry and exit reference
Best entry at retest level
Ascending Triangle Breakout Setup
Breaks previous all time high
RSI near 65 and rising
Trading above EMA50
Volume spurt
Enter above today closing price only
Possible levels - 4060>>>4325>>+
Stop loss 3495
Recently Nuvama Wealth has given base breakout with breakaway gap. Although its comes down to fill the gap but get reversed from there. Seems stock has shake out weak hand. Keep on radar.
Nuvama Wealth is looking good on weekly time frame. Stock has given ATH breakout with breakaway gap and sustaining also. Normally Breakaway gap works as strong support. Keep on radar.
Nuvama Wealth is showing good strength in weak market condition. Stock has filled the gap and sustaining above. Keep on radar for closing. Seems stock is getting ready for new high.
