NAM-INDIA

- Divergent but strong Trend

NAM India continues to trade near its recent highs, reflecting a strong underlying uptrend despite the ongoing consolidation. Momentum, however, is cooling as the MACD has flattened and the histogram has weakened, suggesting short-term exhaustion after a sharp rally. A decisive breakout above the consolidation zone could resume the uptrend, while continued consolidation may help reset momentum before the next move.