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Alpine Texworld Limited (ALPINETEX) — Technical Setup
₹41.77 -0.17% Strong Downtrend Normal Volatility Strong bearish
Summary
Alpine Texworld Limited is in a strong downtrend on the daily chart. RSI(14) is 20.8, MACD is below its signal line, ADX reads 52 (trending). Volume in the latest session was 0.3× its 20-day average. Nearest resistance is ₹49.80. Its technical score is 11/100 (strong bearish).
🧮 How the 11/100 is built
Five components, 20 points each. Every rule is shown with the points it earned — the score describes the chart as it stands today; it is not a prediction.
- Close above 20-day EMA (-10.98)0/3
- 20-day EMA above 50-day EMA0/3
- 50-day EMA above 200-day EMA0/3
- Close above 200-day SMA0/3
- SuperTrend (10,3) pointing up0/3
- ADX ≥ 20 with +DI above −DI (trend has strength) (51.53)0/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (20.77)0/6
- MACD line above its signal line0/4
- MACD line above zero (-3.96)0/3
- 12-day rate of change positive (-14.67)0/3
- Stochastic %K above %D0/2
- Outperforming the Nifty 50 over 3 months0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.45)0/5
- More volume on up days than down days (20 sessions) (0.33)0/5
- Close above 20-day VWAP (-14.16)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (5.99)2/6
- Price in the upper half of its Bollinger Bands (0.13)0/5
- Shallow drawdown from the 52-week high (-60.22)0/5
- Volatility contracting (20-day volatility below its 6-month median) (0.00)4/4
- Room to the next resistance (≥8% scores full) (19.24)5/5
- Support close below (a tight, definable stop)0/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-60.22)0/5
🧭 Regime: Strong Downtrend
Normal Volatility — Bollinger width is in the 60th percentile of the last six months.
Suits: Avoid longs / trend-following shorts. A strong downtrend: rallies are usually sold. Long setups need a completed reversal pattern first.
Classified from ADX, the 20/50-day EMA stack and price's distance from the 50-day average; volatility from band-width and ATR expansion.
Opens the AI Backtester with the SuperTrend (10,3) rules for ALPINETEX — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▼ Bearish | 20.77 | -0.03 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: —, weekly ADX —.
📶 Volume & VWAP
VWAPs are computed from daily bars (typical price × volume), not intraday ticks. Volume has dried up to under 60% of normal.
💪 Relative strength
ALPINETEX ÷ Nifty 50, rebased to 100 a year ago. Rising = outperforming.
🧱 Support & resistance
Clustered swing highs and lows from the last year; “touches” is how many swings formed the level.
| Level | Price | Distance | Touches |
|---|---|---|---|
| Resistance | ₹64.90 | +55.4% | 1 |
| Resistance | ₹55.25 | +32.3% | 1 |
| Resistance | ₹49.80 | +19.2% | 2 |
| Close | ₹41.77 | — |
52-week range: ₹40.96 – ₹105.00 (-60.22% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹105.00 (2026-07-21) to ₹40.96 (2026-10-13). Price has retraced 1.3% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹56.07 | +34.2% | nearest |
| 38.2% retracement | ₹65.42 | +56.6% | S/R confluence |
| 50.0% retracement | ₹72.98 | +74.7% | |
| 61.8% retracement | ₹80.54 | +92.8% | |
| 78.6% retracement | ₹91.30 | +118.6% | |
| 127.2% extension | ₹23.54 | -43.6% | |
| 161.8% extension | ₹1.38 | -96.7% |
Next Fibonacci time zone: 89 sessions from the swing start ≈ 2026-11-25 (approximate — exchange holidays are not modelled).
🕯️ Candlesticks (last 5 sessions)
- Doji 2026-10-13 neutral Weak · 20
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
- MACD histogram bullish 2026-10-01 → 2026-10-13₹45.50 → ₹40.96
✅ Screens ALPINETEX passes today
⚠️ Educational technical analysis computed automatically from end-of-day NSE prices — not investment advice. Flash Finance is not SEBI-registered. Indicators describe what price has done; they do not predict what it will do. Verify levels on a live chart and manage risk before acting.
