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Rakesh Madhav CFA

26th Nov Β· SEBI-Registered Analyst

NUVAMA – STRONG REBOUND FROM SUPPORT πŸ’ΌπŸ“Š Price: β‚Ή7,313 (+4.9%)

NUVAMA
Technical Setup: Sharp bounce from 6900 support zone. RSI at 54.6, curling upward β†’ early momentum re-entry. Lower wick rejections indicate fresh dip-buying. Stock still inside a broad range 6900–7700, but bias turning positive. Short-Term View: Positive, expecting continuation if 7350 breaks. Targets: 7350 / 7600 Stop-loss: 7020 Note: Fundamentally strong wealth-management business; volumes improving after recent softness.

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