Technical Momentum Shifts Signal Caution in Power Sector
Technical Trend Overview
The stock price of Nava has moved from a previously neutral sideways pattern to a mildly bearish trend, reflecting subtle shifts in market sentiment. The current price stands at ₹530.10, down from the previous close of ₹542.90, with intraday fluctuations ranging between ₹528.00 and ₹542.85. This movement occurs within a 52-week range of ₹356.60 to ₹735.30, indicating that the stock is trading closer to its lower band of the annual spectrum.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator, a widely used momentum tool, signals a mildly bearish outlook on both weekly and monthly charts. This suggests that the short-term momentum is losing strength relative to the…
