Nuvama Wealth Management – Recovery from Falling Wedge Pattern

📊 Nuvama Wealth Management – Recovery from Falling Wedge Pattern The stock is showing early signs of recovery after a prolonged downtrend and a falling wedge structure. 🔎 Technical Observations: • Prior strong downtrend with lower highs & lower lows • Formation of a falling wedge pattern (reversal setup) • Strong bullish candle with volume expansion • Price bouncing from demand zone • Momentum indicators turning positive 🔑 Key Levels to Watch: • Immediate Support: ₹1180 – ₹1210 • Major Support: ₹1100 – ₹1050 • Immediate Resistance: ₹1265 – ₹1305 🚀 Upside Targets: • ₹1345 • ₹1430 • ₹1475+ 📉 Risk Scenario: Breakdown below ₹1180 may invalidate the recovery and lead to further downside towards ₹1100 📈 Trading View: 👉 Stock is in early reversal phase after downtrend 👉 Breakout above ₹1265 can confirm bullish momentum 👉 Strong move possible if resistance is cleared with volume ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS 📊