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Bonlon Industries Limited (BONLON) — Technical Setup
₹39.13 +5.56% Weak Downtrend Normal Volatility Strong bearish
Summary
Bonlon Industries Limited is in a weak downtrend on the daily chart. RSI(14) is 45.1, MACD is below its signal line, ADX reads 20. Volume in the latest session was 0.2× its 20-day average. Over three months it has underperformed the Nifty 50 by 8.1 percentage points. Nearest support is ₹36.55 and resistance ₹40.10. Its technical score is 20/100 (strong bearish).
🧮 How the 20/100 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 (-1.80)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) (20.44)0/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (45.08)2/6
- MACD line above its signal line0/4
- MACD line above zero (-0.66)0/3
- 12-day rate of change positive (-6.19)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-8.13)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.24)0/5
- More volume on up days than down days (20 sessions) (1.47)5/5
- Close above 20-day VWAP (-2.32)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (6.91)0/6
- Price in the upper half of its Bollinger Bands (0.30)2/5
- Shallow drawdown from the 52-week high (-31.35)1/5
- Volatility contracting (20-day volatility below its 6-month median) (40.20)4/4
- Room to the next resistance (≥8% scores full) (2.48)1/5
- Support close below (a tight, definable stop) (6.59)3/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-31.35)0/5
🧭 Regime: Weak Downtrend
Normal Volatility — Bollinger width is in the 31th 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 BONLON — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▼ Bearish | 45.08 | -0.19 |
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. Price fell over 20 sessions while OBV rose (bullish price-volume divergence).
💪 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 | ₹57.00 | +45.7% | 1 |
| Resistance | ₹52.89 | +35.2% | 1 |
| Resistance | ₹49.15 | +25.6% | 2 |
| Resistance | ₹40.10 | +2.5% | 9 |
| Close | ₹39.13 | — | |
| Support | ₹36.55 | −6.6% | 1 |
| Support | ₹34.51 | −11.8% | 1 |
52-week range: ₹34.51 – ₹57.00 (-31.35% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹34.51 (2026-03-30) to ₹57.00 (2026-05-11). Price has retraced 79.5% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹51.69 | +32.1% | |
| 38.2% retracement | ₹48.41 | +23.7% | |
| 50.0% retracement | ₹45.75 | +16.9% | |
| 61.8% retracement | ₹43.10 | +10.2% | |
| 78.6% retracement | ₹39.32 | +0.5% | nearest |
| 127.2% extension | ₹63.12 | +61.3% | |
| 161.8% extension | ₹70.90 | +81.2% | |
| 200.0% extension | ₹79.49 | +103.1% |
🕯️ Candlesticks (last 5 sessions)
- Hammer 2026-09-17 bullish Strong · 95
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) |
|---|---|---|---|---|---|
| KAMDHENUKamdhenu Limited | ₹41.05 | +3.92% | 94 | Uptrend | 93.00 |
| IMPEXFERROImpex Ferro Tech Limited | ₹5.58 | +1.82% | 91 | Strong Uptrend | 98.00 |
| SUPREMEENGSupreme Engineering Limited | ₹3.58 | +1.99% | 91 | Strong Uptrend | 99.00 |
| GRAPHITEGraphite India Limited | ₹830.85 | +2.06% | 85 | Strong Uptrend | 88.00 |
| MAHSEAMLESMaharashtra Seamless Limited | ₹717.55 | -0.37% | 84 | Strong Uptrend | 74.00 |
| SAMBHVSambhv Steel Tubes Limited | ₹147.57 | +14.32% | 83 | Strong Uptrend | 87.00 |
| WENDTWendt (India) Limited | ₹8,768 | +0.03% | 81 | Strong Uptrend | 68.00 |
| GFSTEELSGrand Foundry Limited | ₹25.44 | +4.99% | 80 | Strong Uptrend | 98.00 |
| KIRLFERKirl. Ferrous | ₹480.65 | +1.33% | 80 | Strong Uptrend | — |
| VENUSPIPESVenus Pipes & Tubes Limited | ₹2,283 | +7.09% | 78 | Strong Uptrend | 95.00 |
⚠️ 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.
