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Bonlon Industries Limited (BONLON) — Technical Setup
₹32.61 +2.35% Strong Downtrend Volatility Expansion Strong bearish
Summary
Bonlon Industries Limited is in a strong downtrend on the daily chart. RSI(14) is 27.9, MACD is below its signal line, ADX reads 26 (trending). Volume in the latest session was 2.9× its 20-day average. Over three months it has underperformed the Nifty 50 by 15.3 percentage points. Nearest resistance is ₹34.75. Its technical score is 5/100 (strong bearish).
🧮 How the 5/100 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 (-10.84)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) (26.47)0/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (27.94)0/6
- MACD line above its signal line0/4
- MACD line above zero (-1.99)0/3
- 12-day rate of change positive (-18.48)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-15.30)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.22)0/5
- More volume on up days than down days (20 sessions) (0.39)0/5
- Close above 20-day VWAP (-9.24)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (7.46)0/6
- Price in the upper half of its Bollinger Bands (0.10)0/5
- Shallow drawdown from the 52-week high (-42.79)0/5
- Volatility contracting (20-day volatility below its 6-month median) (79.20)0/4
- Room to the next resistance (≥8% scores full) (6.58)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 (-42.79)0/5
🧭 Regime: Strong Downtrend
Volatility Expansion — Bollinger width is in the 98th 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 BONLON — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | ▼ Bearish | 26.72 | -0.83 |
| Daily | ▼ Bearish | 27.94 | -0.73 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: Bearish, weekly ADX 14.96.
📶 Volume & VWAP
VWAPs are computed from daily bars (typical price × volume), not intraday ticks.
💪 Relative strength
BONLON ÷ 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 | ₹42.81 | +31.3% | 6 |
| Resistance | ₹38.78 | +18.9% | 6 |
| Resistance | ₹36.55 | +12.1% | 1 |
| Resistance | ₹34.75 | +6.6% | 2 |
| Close | ₹32.61 | — |
52-week range: ₹31.12 – ₹57.00 (-42.79% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹57.00 (2026-05-11) to ₹31.12 (2026-10-29). Price has retraced 5.8% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹37.23 | +14.2% | nearest |
| 38.2% retracement | ₹41.01 | +25.8% | |
| 50.0% retracement | ₹44.06 | +35.1% | |
| 61.8% retracement | ₹47.11 | +44.5% | |
| 78.6% retracement | ₹51.46 | +57.8% | |
| 127.2% extension | ₹24.08 | -26.2% | |
| 161.8% extension | ₹15.13 | -53.6% | |
| 200.0% extension | ₹5.24 | -83.9% |
🕯️ Candlesticks (last 5 sessions)
- Bullish Harami 2026-11-02 bullish Strong · 70
- Doji 2026-10-28 neutral Weak · 20
- Bullish Harami 2026-10-28 bullish Moderate · 50
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 BONLON passes today
| Stock | Close | Chg | Score | Trend regime | RS rating (1-99) |
|---|---|---|---|---|---|
| RATNAVEERRatnaveer Precision Engineering Limited | ₹379.20 | +5.26% | 87 | Strong Uptrend | 98.00 |
| SHYAMMETLShyam Metalics and Energy Limited | ₹1,191.00 | +2.42% | 87 | Strong Uptrend | 89.00 |
| SGMARTSG Mart Limited | ₹878.90 | +2.63% | 85 | Strong Uptrend | 97.00 |
| IMPEXFERROImpex Ferro Tech Limited | ₹5.89 | -2.00% | 78 | Strong Uptrend | 99.00 |
| MAHASTEELMahamaya Steel Industries Limited | ₹1,452.20 | +4.88% | 77 | Strong Uptrend | 96.00 |
| MANAKCOATManaksia Coated Metals & Industries Limited | ₹148.17 | +5.68% | 76 | Uptrend | 81.00 |
| STEELCASSteelcast Limited | ₹364.40 | +4.70% | 73 | Uptrend | 92.00 |
| JSWSTEELJSW Steel Limited | ₹1,309.90 | +5.13% | 70 | Range | 74.00 |
| NELCASTNelcast Limited | ₹143.65 | +8.42% | 70 | Strong Uptrend | 84.00 |
| RKFORGERamkrishna Forgings Limited | ₹696.10 | +7.61% | 69 | Range | 82.00 |
⚠️ 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.
