Technical Momentum Shifts Amid Mixed Indicators
Technical Momentum and Price Action
The stock closed at ₹571.65, marking a day change of 1.37% from the previous close of ₹563.95. Intraday price fluctuations ranged between ₹556.05 and ₹571.65, indicating moderate volatility within the session. Over the past 52 weeks, Nava’s price has oscillated between a low of ₹356.60 and a high of ₹735.30, underscoring a broad trading range that reflects both bullish and bearish phases.
Recent technical trend analysis reveals a shift from a mildly bullish stance to a sideways trajectory. This suggests that while upward momentum has moderated, the stock is currently consolidating rather than trending decisively in either direction.
Moving Averages and Momentum Indicators
Daily moving…
