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NUVAMA WEALTH MANAGE LTDNUVAMA WEALTH MANAGE LTDNUVAMA WEALTH MANAGE LTD

NUVAMA WEALTH MANAGE LTD

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NUVAMA trade ideas

Nuvama wealth Management looking upwards Nuvama Wealth Management Ltd. is a stock broking company, which engages in conducting trading and broking activities for institutional as well as retail clients. It operates through the following segments: Capital Markets, Wealth Management, and Holding Company Activities. The Capital Markets segment includes institutional broking business, merchant banking business, and advisory. The Wealth Management segment distributes financial products and investment advisory. Nuvama Wealth Management Ltd. CMP is 6727.60. The Negative aspects of the company are high Valuation (P.E. = 28.8), Stocks Underperforming their Industry Price Change in the Quarter, Declining Net Cash Flow : Companies not able to generate net cash and Increasing Trend in Non-Core Income. The positive aspects of the company are Company with Zero Promoter Pledge, MFs increased their shareholding last quarter, Good quarterly growth in the recent results, Strong Annual EPS Growth and Increasing Revenue every Quarter for the past 8 Quarters. Entry can be taken after closing above 6742 Targets in the stock will be 6886 and 7021. The long-term target in the stock will be 7249 and 7484. Stop loss in the stock should be maintained at Closing below 5446. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NUVAMALong
by Happy_Candles_Investment
NUVAMA: Classic Bookish VCP setup- Look for a buy Price Action : - The stock appears to be in an overall uptrend, as evidenced by the higher highs and higher lows visible on the chart. The price has been moving upward with periodic consolidations, which is typical in trending markets. - Currently, the price is consolidating just below a resistance level around the 6,700-6,750 range. This is a critical level to watch as it has been tested multiple times, but the stock has not been able to break through it yet. Moving Averages: - The stock is using both the 9-day and 21-day Simple Moving Averages (SMAs) as support during its uptrend. The 9-day SMA is above the 21-day SMA, indicating that the short-term trend is still bullish. - The price is currently close to these moving averages, suggesting that the stock might be gearing up for its next move, whether it be a breakout above resistance or a pullback. Volume: - Volume analysis shows a significant spike in one of the red bars, indicating strong selling pressure at that point. However, after that spike, the volume seems to have decreased, which is often a sign of consolidation. - The stock is likely building up pressure, and an increase in volume during the next move (especially a breakout above resistance) would be a strong signal of the market's direction. Key Levels: - Support : The immediate support level is around the 6,150-6,200 range, where the price has found some stability recently. - Resistance : The key resistance level to watch is around 6,700-6,750. A break above this level with strong volume could indicate a continuation of the uptrend. Potential Scenarios : 1. Bullish Scenario : If the stock breaks above the 6,750 resistance with increased volume, it could trigger a new leg up in the ongoing uptrend. This could attract more buyers, potentially pushing the price higher. 2. Bearish Scenario : If the stock fails to break through the resistance and falls below the support level of 6,420-6,300, it could indicate a deeper correction or even a trend reversal. In that case, the next support levels would become crucial. Its classic bookish vcp setup, we can plan low chit entry.
NSE:NUVAMALong
by minion_traders