Technical Trend Overview and Price Movement
As of 09 Feb 2026, Nuvama Wealth Management Ltd’s stock price closed at ₹1,354.45, down 1.90% from the previous close of ₹1,380.65. The intraday range saw a high of ₹1,385.00 and a low of ₹1,325.70, reflecting increased volatility within a consolidating price band. The stock remains well below its 52-week high of ₹1,702.00 but comfortably above its 52-week low of ₹913.56, indicating a recovery phase over the past year.
The technical trend has shifted from mildly bullish to sideways, suggesting that the recent upward momentum has stalled. This is corroborated by the daily moving averages, which remain mildly bullish, signalling some underlying support, but the weekly and monthly indicators suggest a more cautious outlook.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator presents a nuanced view. On a weekly basis, the MACD is mildly bearish, indicating that short-term momentum is weakening. The monthly MACD, however, does not currently signal a definitive trend, reflecting a neutral stance over the longer term. This divergence between weekly and monthly MACD readings suggests that while short-term selling pressure is present, the longer-term trend remains undecided.
Complementing this, the Know Sure Thing (KST) indicator on the weekly chart is mildly bearish, reinforcing the notion of waning momentum. The absence of a monthly KST signal further emphasises the sideways consolidation phase.
RSI and Overbought/Oversold Conditions
The Relative Strength Index (RSI) on the weekly timeframe remains bullish, indicating that despite recent price declines, the stock has not entered oversold territory. This suggests that the current pullback may be a healthy correction rather than the start of a sustained downtrend. The monthly RSI, however, does not provide a clear signal, consistent with the sideways trend observed in other indicators.
Bollinger Bands and Volatility
Bollinger Bands on the weekly chart show a mildly bearish stance, with the stock price gravitating towards the lower band. This points to increased volatility and potential downside risk in the near term. Conversely, the monthly Bollinger Bands indicate a sideways pattern, reinforcing the broader consolidation phase.
Volume and On-Balance Volume (OBV) Analysis
Volume trends provide additional insight into the stock’s momentum. The weekly On-Balance Volume (OBV) shows no clear trend, suggesting that buying and selling pressures are roughly balanced in the short term. On a monthly basis, OBV is mildly bearish, indicating that selling volume has slightly outpaced buying over the longer term. This subtle shift in volume dynamics aligns with the technical indicators signalling caution.
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Moving Averages and Dow Theory Signals
Daily moving averages remain mildly bullish, with the stock price hovering just above key short-term averages. This suggests that despite recent weakness, the stock retains some upward bias in the near term. However, weekly and monthly Dow Theory assessments are mildly bearish, indicating that the broader trend may be under pressure. This divergence between short-term moving averages and longer-term Dow Theory signals highlights the current uncertainty in trend direction.
Comparative Returns and Market Context
Examining returns relative to the Sensex provides further context. Over the past week, Nuvama Wealth Management Ltd posted a modest gain of 0.71%, trailing the Sensex’s 1.59% rise. Over one month and year-to-date periods, the stock has underperformed significantly, with returns of -8.21% and -8.45% respectively, compared to the Sensex’s -1.74% and -1.92%. However, over a one-year horizon, the stock has outperformed the benchmark, delivering a 14.65% return against the Sensex’s 7.07%, signalling resilience over the medium term.
Longer-term data for three, five, and ten years is not available for the stock, but the Sensex’s robust gains of 38.13%, 64.75%, and 239.52% over these periods underscore the importance of monitoring Nuvama’s relative performance as it seeks to regain momentum.
Mojo Score and Analyst Ratings
Nuvama Wealth Management Ltd currently holds a Mojo Score of 58.0, placing it in the ‘Hold’ category. This represents an upgrade from a previous ‘Sell’ rating as of 04 Feb 2026, reflecting improved technical and fundamental assessments. The company’s Market Cap Grade stands at 3, indicating a mid-tier market capitalisation relative to peers in the capital markets sector.
The upgrade in Mojo Grade suggests that while the stock is not yet a clear buy, it has shown signs of stabilisation and potential for recovery. Investors should weigh this cautiously, considering the mixed technical signals and recent price volatility.
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Investment Implications and Outlook
Investors analysing Nuvama Wealth Management Ltd should consider the current technical landscape as one of consolidation and cautious positioning. The mildly bearish weekly MACD and KST indicators, combined with sideways monthly signals, suggest that the stock is in a phase of indecision. The bullish weekly RSI and mildly bullish daily moving averages provide some counterbalance, indicating that the stock has not lost all upward momentum.
Given the stock’s recent underperformance relative to the Sensex over short-term periods, investors may want to monitor for confirmation of a breakout from the sideways trend before committing to fresh positions. The stock’s resilience over the one-year horizon and the recent upgrade in Mojo Grade to ‘Hold’ provide some encouragement for medium-term investors.
Volume trends, as reflected in the OBV, do not currently support a strong directional move, underscoring the need for caution. Traders may find opportunities in short-term swings, but a clear trend confirmation is advisable for longer-term exposure.
Overall, Nuvama Wealth Management Ltd’s technical parameters suggest a stock at a crossroads, balancing between recovery potential and the risk of further consolidation or decline. Investors should remain vigilant to shifts in momentum indicators and broader market conditions within the capital markets sector.
Sector and Industry Context
Operating within the capital markets sector, Nuvama Wealth Management Ltd faces sector-specific headwinds and opportunities. The capital markets industry has experienced volatility amid macroeconomic uncertainties and regulatory developments. Nuvama’s technical signals mirror this environment, with mixed momentum indicators reflecting sector-wide caution.
Investors should also consider peer performance and sector trends when evaluating Nuvama’s prospects. The company’s mid-tier market cap grade and recent Mojo upgrade position it as a potential candidate for selective accumulation, provided broader market conditions improve.
Conclusion
Nuvama Wealth Management Ltd’s recent technical momentum shift from mildly bullish to sideways highlights a period of consolidation and uncertainty. While some indicators such as the weekly RSI and daily moving averages offer mild bullish signals, the weekly MACD, KST, and Dow Theory assessments caution against premature optimism. The stock’s relative underperformance over short-term periods contrasts with its stronger one-year returns, suggesting a nuanced investment case.
Investors should closely monitor technical indicators for signs of trend confirmation or reversal, particularly focusing on volume dynamics and momentum oscillators. The recent upgrade in Mojo Grade to ‘Hold’ reflects improved sentiment but stops short of a clear buy recommendation. As such, a balanced approach combining technical analysis with sector and fundamental considerations is advisable for those tracking Nuvama Wealth Management Ltd.
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