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Balmer Law. Inv. (BLIL) — Technical Setup
₹67.10 -0.77% Weak Downtrend Volatility Expansion Strong bearish
Summary
Balmer Law. Inv. is in a weak downtrend on the daily chart. RSI(14) is 24.2, MACD is below its signal line, ADX reads 25. Volume in the latest session was 1.3× its 20-day average. Over three months it has underperformed the Nifty 50 by 3.5 percentage points. Nearest resistance is ₹69.15. Its technical score is 10/100 (strong bearish).
🧮 How the 10/100 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 (-4.32)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) (24.81)0/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (24.25)0/6
- MACD line above its signal line0/4
- MACD line above zero (-0.93)0/3
- 12-day rate of change positive (-7.04)0/3
- Stochastic %K above %D0/2
- Outperforming the Nifty 50 over 3 months (-3.52)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.33)0/5
- More volume on up days than down days (20 sessions) (0.68)0/5
- Close above 20-day VWAP (-5.27)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (1.66)6/6
- Price in the upper half of its Bollinger Bands (0.02)0/5
- Shallow drawdown from the 52-week high (-15.60)3/5
- Volatility contracting (20-day volatility below its 6-month median) (76.50)0/4
- Room to the next resistance (≥8% scores full) (3.06)1/5
- 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 (-15.60)0/5
🧭 Regime: Weak Downtrend
Volatility Expansion — Bollinger width is in the 100th 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 BLIL — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▼ Bearish | 24.25 | -0.63 |
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 | ₹73.30 | +9.2% | 3 |
| Resistance | ₹71.41 | +6.4% | 1 |
| Resistance | ₹70.50 | +5.1% | 1 |
| Resistance | ₹69.15 | +3.1% | 3 |
| Close | ₹67.10 | — |
52-week range: ₹66.97 – ₹79.50 (-15.60% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹79.50 (2026-05-07) to ₹66.97 (2026-09-18). Price has retraced 1.0% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹69.93 | +4.2% | S/R confluence nearest |
| 38.2% retracement | ₹71.76 | +6.9% | S/R confluence |
| 50.0% retracement | ₹73.23 | +9.1% | S/R confluence |
| 61.8% retracement | ₹74.71 | +11.3% | |
| 78.6% retracement | ₹76.82 | +14.5% | |
| 127.2% extension | ₹63.56 | -5.3% | |
| 161.8% extension | ₹59.23 | -11.7% | |
| 200.0% extension | ₹54.44 | -18.9% |
🕯️ Candlesticks (last 5 sessions)
- Inverted Hammer 2026-09-16 bullish Moderate · 50
- Tweezer Bottom 2026-09-16 bullish Moderate · 60
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
- MACD histogram bearish 2026-08-25 → 2026-09-07₹72.47 → ₹73.40
✅ Screens BLIL passes today
| Stock | Close | Chg | Score | Trend regime | RS rating (1-99) |
|---|---|---|---|---|---|
| GCSLGretex Corporate Services Limited | ₹618.55 | +4.07% | 93 | Uptrend | 95.00 |
| CONSOFINVTConsolidated Finvest & Holdings Limited | ₹302.20 | +0.53% | 86 | Strong Uptrend | 90.00 |
| ANANDRATHIAnand Rathi Wealth Limited | ₹2,229 | +1.00% | 84 | Strong Uptrend | 85.00 |
| PAISALOPaisalo Digital Limited | ₹89.51 | +0.88% | 84 | Strong Uptrend | 97.00 |
| RELIGAREReligare Enterprises Limited | ₹253.02 | +1.25% | 84 | Uptrend | 58.00 |
| HOMEFIRSTHome First Finance Company India Limited | ₹1,241 | +5.80% | 81 | Uptrend | 67.00 |
| NORTHARCNorthern Arc Capital Limited | ₹313.60 | +0.98% | 81 | Strong Uptrend | 74.00 |
| SHAREINDIAShare India Securities Limited | ₹228.15 | +4.45% | 81 | Strong Uptrend | 93.00 |
| ABSLAMCAditya Birla Sun Life AMC Limited | ₹1,060 | -2.72% | 80 | Range | 67.00 |
| PRIMESECUPrime Securities Limited | ₹296.85 | +0.95% | 79 | Strong Uptrend | 58.00 |
⚠️ 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.
