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Balmer Law. Inv. (BLIL) — Technical Setup
₹64.51 +3.33% Strong Downtrend Normal Volatility Bearish
Summary
Balmer Law. Inv. is in a strong downtrend on the daily chart. RSI(14) is 48.8, MACD is above its signal line, ADX reads 55 (trending). Volume in the latest session was 1.4× its 20-day average. Over three months it has underperformed the Nifty 50 by 4.5 percentage points. Nearest support is ₹64.22 and resistance ₹65.36. Its technical score is 35/100 (bearish).
🧮 How the 35/100 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 (0.71)3/3
- 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) (55.13)0/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (48.81)2/6
- MACD line above its signal line4/4
- MACD line above zero (-1.16)0/3
- 12-day rate of change positive (-0.12)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-4.46)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.35)0/5
- More volume on up days than down days (20 sessions) (0.96)0/5
- Close above 20-day VWAP (0.97)5/5
- Daily range (ATR%) contained — ≤2.5% scores full (1.93)6/6
- Price in the upper half of its Bollinger Bands (0.63)5/5
- Shallow drawdown from the 52-week high (-18.86)3/5
- Volatility contracting (20-day volatility below its 6-month median) (66.70)0/4
- Room to the next resistance (≥8% scores full) (1.33)0/5
- Support close below (a tight, definable stop) (0.45)5/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-18.86)0/5
🧭 Regime: Strong Downtrend
Normal Volatility — Bollinger width is in the 64th 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 BLIL — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▼ Bearish | 48.81 | 0.16 |
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.
💪 Relative strength
BLIL ÷ 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 | ₹70.50 | +9.3% | 1 |
| Resistance | ₹69.15 | +7.2% | 3 |
| Resistance | ₹67.00 | +3.9% | 1 |
| Resistance | ₹65.36 | +1.3% | 2 |
| Close | ₹64.51 | — | |
| Support | ₹64.22 | −0.5% | 1 |
| Support | ₹62.00 | −3.9% | 1 |
52-week range: ₹62.00 – ₹79.50 (-18.86% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹79.50 (2026-05-07) to ₹62.00 (2026-10-26). Price has retraced 14.3% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹66.13 | +2.5% | S/R confluence nearest |
| 38.2% retracement | ₹68.69 | +6.5% | S/R confluence |
| 50.0% retracement | ₹70.75 | +9.7% | S/R confluence |
| 61.8% retracement | ₹72.81 | +12.9% | |
| 78.6% retracement | ₹75.75 | +17.4% | |
| 127.2% extension | ₹57.24 | -11.3% | |
| 161.8% extension | ₹51.19 | -20.7% | |
| 200.0% extension | ₹44.50 | -31.0% |
🕯️ Candlesticks (last 5 sessions)
- Doji 2026-10-29 neutral Weak · 20
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
- MFI(14) bullish 2026-10-13 → 2026-10-26₹64.20 → ₹62.00
✅ Screens BLIL passes today
| Stock | Close | Chg | Score | Trend regime | RS rating (1-99) |
|---|---|---|---|---|---|
| ANANDRATHIAnand Rathi Wealth Limited | ₹2,276.90 | +1.11% | 94 | Strong Uptrend | 87.00 |
| GCSLGretex Corporate Services Limited | ₹770.65 | +0.42% | 88 | Strong Uptrend | 98.00 |
| CONSOFINVTConsolidated Finvest & Holdings Limited | ₹310.00 | -0.03% | 87 | Uptrend | 91.00 |
| 21STCENMGM21st Century Management Services Limited | ₹60.71 | +5.00% | 84 | Strong Uptrend | 93.00 |
| IIFLCAPSIIFL Capital Services Limited | ₹348.00 | +0.04% | 84 | Uptrend | 69.00 |
| ALGOQUANTAlgoquant Fintech Limited | ₹78.36 | +2.81% | 82 | Strong Uptrend | 85.00 |
| SATINSatin Creditcare Network Limited | ₹237.37 | -0.64% | 81 | Uptrend | 87.00 |
| ONELIFECAPOnelife Capital Advisors Limited | ₹54.50 | -1.50% | 79 | Strong Uptrend | 99.00 |
| BSEBSE Limited | ₹3,490.00 | -0.58% | 77 | Range | 77.00 |
| SGFINSG Finserve Limited | ₹685.20 | -0.55% | 77 | Uptrend | 90.00 |
⚠️ 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.
