Price and trend forecast of NUVAMA for Tomorrow, Weekly, Monthly
Nuvama Wealth
Symbol: NSE:NUVAMA
ISIN: N/A
5,703.25
As on 2024-07-26
NUVAMA's Today's Performance
Nuvama Wealth started the day by opening at 5,625.00 today 2024-07-26. Its shares reached a high of 5,750.00 and dipped to a low of 5,425.70 in intraday. When the markets closed, NUVAMA’s stock price settled at ₹5,703.25 per share. Also check out its key support and resistance levels.
NUVAMA Buy/Sell Targets
Tomorrow, buy NUVAMA when its price reaches ₹ 5,703.25 with a stop-loss order at ₹ 5,503.91. You can set the target price as ₹ 5,902.59 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of NUVAMA for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for NUVAMA
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 5,827 |
| Tomorrow Down Target 2 | 5,951 |
| Tomorrow Down Target 3 | 6,151 |
Important Levels for NUVAMA
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 5,503 |
| Tomorrow Up Target 2 | 5,302 |
| Tomorrow Up Target 3 | 5,178 |
Based on where the stock opens tomorrow, if NUVAMA opens on a positive note, our first target will be ₹5,827. If Target 1 is achieved, we will aim for Target 2 which is ₹5,951.
But if NUVAMA falls below the average value of ₹5,626.32, you can enter a sell side position with target number 1 - ₹5,503 and second target - ₹5,302 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of NUVAMA
Looking at NUVAMA, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, NUVAMA has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for NUVAMA is strong bullish.
Tomorrow's Volume based share price Forecast for NUVAMA
NUVAMA's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 101%.
Reversal detection for NUVAMA
NUVAMA may trend may continue to be bullish since stock is making higher highs and we can get target of ₹5464 in morning tomorrow
| Target 1 tomorrow | 5750 |
| Target 2 tomorrow | 5827 |
| Target 3 tomorrow | 5951 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with NUVAMA's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if NUVAMA opens on a positive note, our first target will be ₹5,826.93. If Target 1 is achieved, we will aim for Target 2 which is ₹5,950.62.
But if NUVAMA falls below the average value of ₹5,626.32, you can enter a sell side position with target number 1 - ₹5,502.63 and second target - ₹5,302.02
NUVAMA's Weekly Targets
| 1st Up Target | 6,102.17 |
| 2nd Up Target | 6,501.08 |
| 1st Down Target | 4,952.17 |
| 2nd Down Target | 4,201.08 |
As the week for NUVAMA ended on bullish sentiments, we can expect further continuation of this sentiment. NUVAMA's initial target will be 6,102.17 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 4,952.17 in the upcoming week.
Weekly OHLC Values
| Open | 4,775.00 |
| High | 5,750.00 |
| Low | 4,600.00 |
| Close | 5,703.25 |
Week for NUVAMA started with an open price of 4,775.00, and the close was at 5,703.25. NUVAMA reached the highest of 5,750.00 and dipped lowest up to 4,600.00 last week. This indicates a bullish sentiment for the week.
NUVAMA full month swing targets
| Monthly Up Target 1 | 7,252.17 |
| Monthly Up Target 2 | 7,651.08 |
| Monthly Down Target 1 | 3,802.17 |
| Monthly Down Target 2 | 1,901.08 |
Targets of ₹7,252.17 can be expected to be reached in the coming month. Once NUVAMA achieved this target, we can aim for the next upside target of ₹7,651.08.
NUVAMA if fails to hold upside, down targets of ₹3,802.17 and ₹1,901.08 can be achieved by end of this month.
For complete three weeks if NUVAMA is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as NUVAMA
| Symbol | Name | Industry |
|---|---|---|
| HDFCBANK | HDFC Bank Limited | Banks - Regional |
| ICICIBANK | ICICI Bank Limited | Banks - Regional |
| SBIN | State Bank of India | Banks - Regional |
| LICI | Life Insurance Corporation Of India | Insurance - Life |
| BAJFINANCE | Bajaj Finance Limited | Credit Services |
Summary
NUVAMA is expected to reach the target of 5,826.93 in tomorrow's trading session.
After achieving the initial target in NUVAMA, we will aim for higher targets of 5,950.62 tomorrow.
However, if NUVAMA starts to trade below ₹5,626.32, then we will shift our focus to the sell side and aim for down targets of 5,502.63 and 5,302.02.