Long
Nuvama
The current market price (LTP) for Nuvama Wealth Management Ltd (NUVAMA) is ₹1342.00, showing a positive intraday movement of approximately 0.96%.The setup you described aligns with a bullish Cup and Handle formation, which is typically used to identify trend continuations or reversals.
Technical Setup Overview
Target: ₹1550
Stop Loss: ₹1290
(matches current 50-DMA support near ₹1293.89)
Current RSI: 54.0, which is above the 50-mark threshold, indicating positive momentum.
Open Interest (OI): Open Interest has seen significant activity, though recent reports noted a -12.94% change, totaling 12,65,000 in the derivatives segment.
Technical Setup Overview
Target: ₹1550
Stop Loss: ₹1290
(matches current 50-DMA support near ₹1293.89)
Current RSI: 54.0, which is above the 50-mark threshold, indicating positive momentum.
Open Interest (OI): Open Interest has seen significant activity, though recent reports noted a -12.94% change, totaling 12,65,000 in the derivatives segment.
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.