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BN Agrochem (BNAGROCHEM) — Technical Setup
₹207.00 -0.41% Strong Downtrend Normal Volatility Strong bearish
Summary
BN Agrochem is in a strong downtrend on the daily chart. RSI(14) is 30.5, MACD is above its signal line, ADX reads 54 (trending). Volume in the latest session was 0.1× its 20-day average. Over three months it has underperformed the Nifty 50 by 23.8 percentage points. Nearest resistance is ₹221.15. Its technical score is 22/100 (strong bearish).
🧮 How the 22/100 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 (-5.78)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) (54.38)0/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (30.53)0/6
- MACD line above its signal line4/4
- MACD line above zero (-12.64)0/3
- 12-day rate of change positive (-9.61)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-23.82)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (0.09)5/5
- More volume on up days than down days (20 sessions) (0.42)0/5
- Close above 20-day VWAP (-9.99)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (5.24)2/6
- Price in the upper half of its Bollinger Bands (0.23)2/5
- Shallow drawdown from the 52-week high (-47.57)0/5
- Volatility contracting (20-day volatility below its 6-month median) (9.40)4/4
- Room to the next resistance (≥8% scores full) (6.84)3/5
- 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 (-47.57)0/5
🧭 Regime: Strong Downtrend
Normal Volatility — Bollinger width is in the 49th 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 BNAGROCHEM — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▼ Bearish | 30.53 | 0.09 |
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
BNAGROCHEM ÷ 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 | ₹293.67 | +41.9% | 2 |
| Resistance | ₹264.08 | +27.6% | 2 |
| Resistance | ₹249.28 | +20.4% | 2 |
| Resistance | ₹221.15 | +6.8% | 1 |
| Close | ₹207.00 | — |
52-week range: ₹192.23 – ₹394.80 (-47.57% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹394.80 (2026-06-01) to ₹192.23 (2026-09-17). Price has retraced 7.3% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹240.04 | +16.0% | nearest |
| 38.2% retracement | ₹269.61 | +30.2% | |
| 50.0% retracement | ₹293.51 | +41.8% | S/R confluence |
| 61.8% retracement | ₹317.42 | +53.3% | |
| 78.6% retracement | ₹351.45 | +69.8% | |
| 127.2% extension | ₹137.13 | -33.8% | |
| 161.8% extension | ₹67.04 | -67.6% |
Next Fibonacci time zone: 89 sessions from the swing start ≈ 2026-10-06 (approximate — exchange holidays are not modelled).
🕯️ Candlesticks (last 5 sessions)
- Dragonfly Doji 2026-09-18 bullish Moderate · 60
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 BNAGROCHEM 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.
