Technical Analysis Nuvama Wealth Management Limited.

The stock $NUVAMA is exhibits a strong structural uptrend from its late 2023 lows around ₹500 to its peak near ₹1700 in mid-2025. Following the mid-2025 peak the stock entered a corrective phase forming lower highs and lower lows finding a major bottom near the ₹1100 zone in early 2026. Aggressive recovery is visible from the ₹1100 support level. The price has rapidly moved back up to the ₹1510 level shifting the short-term momentum from bearish to strongly bullish. Immediate Resistance ₹1600 – ₹1700. The stock is currently facing minor overhead supply near the ₹1600 zone. A clean breakout above ₹1700 will open the doors for fresh all-time highs. Immediate Support ₹1400. This previous resistance zone during the multi-month consolidation should now act as a polarity support structure. Major Base Support ₹1100. This level marks the strong accumulation zone where buyers aggressively defended the stock earlier this year. For short-term buyers the stock shows strong bullish momentum as it recently recovered from the ₹1100 support zone to hover around ₹1510 making it an attractive buy on dips target near ₹1400 with a strict stop-loss. However cautious entry is advised as it faces immediate resistance near ₹1600 where short-term profit booking might occur. For long-term holders the view remains firmly positive due to the stock's structural uptrend since late 2023 and solid fundamentals in India's expanding wealth management sector. Existing investors should continue holding the stock.