The short-term outlook is bullish for Nava. The stock has risen well on Tuesday breaking above the key resistance level of ₹596. The region between ₹598 and ₹596 will now act as a good support zone and limit the downside. Moving average cross over and a complex inverted head and shoulder pattern are visible on the daily chart. Both these indicators strengthen the bullish case for the stock. Nava share price can rise to ₹650 in the short term. Traders can buy shares of Nava now at ₹611. Accumulate on dips at ₹603. Keep the stop-loss at ₹585. Trail the stop-loss up to ₹615 as soon as the stock goes up to ₹622. Revise the stop-loss higher to ₹625 and ₹633 when the price touches ₹632 and ₹640 respectively. Exit the long positions at ₹648.
Video Credit: Businessline
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
Published on January 7, 2026
