Price Performance and Market Context
As of 12 Feb 2026, Nuvama Wealth Management Ltd closed at ₹1,323.00, down 4.98% from the previous close of ₹1,392.30. The intraday range saw a high of ₹1,390.65 and a low of ₹1,305.00, indicating heightened volatility. The stock remains well below its 52-week high of ₹1,702.00 but comfortably above its 52-week low of ₹913.56.
Comparatively, the Sensex has shown modest gains over recent periods, with a 0.50% increase over the past week and 0.79% over the last month. Nuvama’s returns have lagged significantly, posting a 4.96% decline over one week and a 7.18% drop over one month. Year-to-date, the stock is down 10.57%, contrasting with the Sensex’s 1.16% decline. However, over a one-year horizon, Nuvama has outperformed, delivering a 21.13% return against the Sensex’s 10.41%.
Technical Indicator Analysis
The technical landscape for Nuvama Wealth Management Ltd reveals a complex picture. The weekly Moving Average Convergence Divergence (MACD) indicator has turned mildly bearish, signalling a potential weakening in upward momentum. The monthly MACD, however, remains neutral with no clear directional bias, suggesting that longer-term momentum is yet to decisively shift.
Relative Strength Index (RSI) readings provide a mixed signal. On a weekly basis, the RSI remains bullish, indicating that the stock is not yet oversold and retains some buying interest. Conversely, the monthly RSI offers no definitive signal, reflecting a lack of strong momentum in either direction over the longer term.
Bollinger Bands on the weekly chart show a sideways pattern, reinforcing the notion of consolidation and indecision among traders. The monthly Bollinger Bands, however, have turned bearish, hinting at increased volatility and potential downside risk over the coming months.
Moving Averages and Trend Shifts
Daily moving averages continue to show a mildly bullish trend, suggesting that short-term price action retains some upward bias. This contrasts with the weekly and monthly KST (Know Sure Thing) indicators, which are mildly bearish or neutral, indicating that momentum may be waning beyond the immediate timeframe.
Dow Theory assessments add further nuance: the weekly trend remains mildly bullish, but the monthly trend has shifted to mildly bearish. This divergence underscores the stock’s current technical uncertainty, with short-term optimism tempered by longer-term caution.
Volume and On-Balance Volume (OBV) Insights
On-Balance Volume (OBV) readings for both weekly and monthly periods are mildly bearish, suggesting that volume trends are not supporting price advances. This volume weakness may indicate that recent price declines are backed by stronger selling pressure, a warning sign for investors seeking sustained upward momentum.
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Mojo Score and Rating Update
MarketsMOJO’s latest assessment downgraded Nuvama Wealth Management Ltd from a Hold to a Sell rating on 11 Feb 2026, reflecting the deteriorating technical outlook. The company’s Mojo Score stands at 48.0, a level consistent with weak momentum and increased risk. The Market Cap Grade remains low at 3, indicating limited market capitalisation strength relative to peers.
This downgrade aligns with the technical signals observed, particularly the bearish weekly MACD and OBV trends, as well as the sideways to bearish Bollinger Bands on monthly charts. Investors should be cautious given these mixed to negative signals, especially in the context of recent price declines and underperformance versus the broader market.
Long-Term Performance and Sector Context
Despite recent weakness, Nuvama Wealth has delivered a robust 21.13% return over the past year, outperforming the Sensex’s 10.41% gain. However, over longer horizons such as three and five years, the stock’s returns are not available for direct comparison, while the Sensex has posted strong cumulative gains of 38.81% and 63.46% respectively. Over a decade, the Sensex’s 267.00% return highlights the broader market’s sustained growth, underscoring the importance of evaluating Nuvama’s performance within a wider timeframe.
Within the Capital Markets sector, Nuvama faces competitive pressures and market cyclicality that may influence its technical and fundamental outlook. The current sideways technical trend suggests a period of consolidation as investors weigh sector dynamics and company-specific factors.
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Investor Takeaway and Outlook
For investors in Nuvama Wealth Management Ltd, the current technical signals warrant a cautious approach. The shift from mildly bullish to sideways momentum, combined with bearish weekly MACD and OBV indicators, suggests that the stock may face near-term headwinds. The divergence between short-term bullish RSI and longer-term bearish Bollinger Bands and Dow Theory trends further complicates the outlook.
Given the recent downgrade to a Sell rating and the stock’s underperformance relative to the Sensex over recent weeks and months, investors should consider re-evaluating their positions. Monitoring key technical levels, such as support near ₹1,300 and resistance around ₹1,390, will be critical in assessing potential trend reversals or further declines.
Longer-term investors may find value in the stock’s historical outperformance over one year, but must remain vigilant to evolving market conditions and sector developments. The mixed technical signals highlight the importance of combining technical analysis with fundamental research to make informed decisions.
Summary of Technical Signals
- Weekly MACD: Mildly Bearish
- Monthly MACD: Neutral
- Weekly RSI: Bullish
- Monthly RSI: No Signal
- Weekly Bollinger Bands: Sideways
- Monthly Bollinger Bands: Bearish
- Daily Moving Averages: Mildly Bullish
- Weekly KST: Mildly Bearish
- Monthly KST: Neutral
- Weekly Dow Theory: Mildly Bullish
- Monthly Dow Theory: Mildly Bearish
- Weekly and Monthly OBV: Mildly Bearish
Investors should watch for confirmation of trend direction in coming weeks, particularly through volume patterns and momentum indicators, to better gauge the stock’s trajectory.
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