NUVAMA – Steady Reversal with Renewed Momentum 💼

Technical View:

closed near ₹7,260 (+0.2%), extending its recent pullback from the ₹6,400 zone. The stock is trading comfortably above its 21-EMA (₹7,160), indicating short-term trend recovery. RSI has turned positive, suggesting accumulation after a prolonged consolidation phase. Immediate resistance is seen near ₹7,550–₹7,600, a breakout above which could lead to ₹7,900–₹8,100 levels. Key support zones lie around ₹7,000–₹6,850, followed by a stronger base near ₹6,500. Price Structure Note: The stock has built a rounded base pattern after months of correction and is showing a healthy higher-low formation — a classic early uptrend signal. Volume patterns show gradual revival, indicating fresh institutional activity resuming post-correction. Fundamental View: Nuvama (formerly Edelweiss Wealth) continues to strengthen its presence across Wealth Management, Institutional Equities, and Alternate Asset segments. The firm’s AUM has surpassed ₹2.6 lakh crore, supported by growing HNI client onboarding and advisory flows. Margins remain steady due to higher fee-based income and digital onboarding efficiencies. With India’s wealth management industry expanding at 10–12% CAGR, Nuvama is well-positioned as a scalable, tech-driven player. 🎯 Target: ₹8,000–₹8,100 (+12%) 🛑 Stop-Loss: ₹6,850 📊 Bias: Bullish – gradual accumulation phase with improving structure and fundamentals.