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BHARAT COKING COAL LTD (BHARATCOAL) — Technical Setup
₹32.69 +1.71% Weak Downtrend Volatility Contraction Strong bearish
Summary
BHARAT COKING COAL LTD is in a weak downtrend on the daily chart. RSI(14) is 39.1, MACD is below its signal line, ADX reads 15 (weak trend). Volume in the latest session was 0.6× its 20-day average. Over three months it has underperformed the Nifty 50 by 18.5 percentage points. Nearest support is ₹32.26 and resistance ₹32.95. Its technical score is 21/100 (strong bearish).
🧮 How the 21/100 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 (-1.84)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) (14.94)1/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (39.10)0/6
- MACD line above its signal line0/4
- MACD line above zero (-0.55)0/3
- 12-day rate of change positive (-3.63)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-18.53)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.43)0/5
- More volume on up days than down days (20 sessions) (0.79)0/5
- Close above 20-day VWAP (-3.34)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (2.29)6/6
- Price in the upper half of its Bollinger Bands (0.22)2/5
- Shallow drawdown from the 52-week high (-27.50)1/5
- Volatility contracting (20-day volatility below its 6-month median) (1.60)4/4
- Room to the next resistance (≥8% scores full) (0.80)0/5
- Support close below (a tight, definable stop) (1.32)5/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-27.50)0/5
🧭 Regime: Weak Downtrend
Volatility Contraction — Bollinger width is in the 18th percentile of the last six months.
Suits: Defensive. Price is below its averages. Oversold bounces happen, but the path of least resistance is lower — wait for a base.
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 BHARATCOAL — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | ▼ Bearish | 51.66 | -0.52 |
| Daily | ▼ Bearish | 39.10 | -0.07 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: Bearish, weekly ADX 11.60.
📶 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
BHARATCOAL ÷ 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 | ₹36.25 | +10.9% | 4 |
| Resistance | ₹35.09 | +7.3% | 1 |
| Resistance | ₹33.60 | +2.8% | 1 |
| Resistance | ₹32.95 | +0.8% | 2 |
| Close | ₹32.69 | — | |
| Support | ₹32.26 | −1.3% | 1 |
| Support | ₹31.16 | −4.7% | 1 |
| Support | ₹29.74 | −9.0% | 1 |
52-week range: ₹29.74 – ₹45.09 (-27.50% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹29.74 (2026-03-30) to ₹44.40 (2026-06-18). Price has retraced 79.9% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹40.94 | +25.2% | |
| 38.2% retracement | ₹38.80 | +18.7% | |
| 50.0% retracement | ₹37.07 | +13.4% | |
| 61.8% retracement | ₹35.34 | +8.1% | S/R confluence |
| 78.6% retracement | ₹32.88 | +0.6% | S/R confluence nearest |
| 127.2% extension | ₹48.39 | +48.0% | |
| 161.8% extension | ₹53.46 | +63.5% | |
| 200.0% extension | ₹59.06 | +80.7% |
🕯️ Candlesticks (last 5 sessions)
- Doji 2026-09-17 neutral Weak · 20
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
No regular divergence on RSI, MACD, OBV, MFI or Stochastic at the latest swings.
✅ Screens BHARATCOAL 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.
