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Bhilwara Tech (BTTL) — Technical Setup
₹37.65 -4.20% Range Normal Volatility Bearish
Summary
Bhilwara Tech is in a range on the daily chart. RSI(14) is 50.0, MACD is above its signal line, ADX reads 18 (weak trend). Volume in the latest session was 1.3× its 20-day average. Over three months it has underperformed the Nifty 50 by 18.2 percentage points. Nearest support is ₹37.45 and resistance ₹41.12. Its technical score is 39/100 (bearish).
🧮 How the 39/100 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 (1.01)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) (17.96)1/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (49.96)2/6
- MACD line above its signal line4/4
- MACD line above zero (-0.52)0/3
- 12-day rate of change positive (3.26)3/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-18.20)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) (0.84)0/5
- Close above 20-day VWAP (2.31)5/5
- Daily range (ATR%) contained — ≤2.5% scores full (7.05)0/6
- Price in the upper half of its Bollinger Bands (0.63)5/5
- Shallow drawdown from the 52-week high (-35.34)0/5
- Volatility contracting (20-day volatility below its 6-month median) (46.20)4/4
- Room to the next resistance (≥8% scores full) (9.23)5/5
- Support close below (a tight, definable stop) (0.53)5/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-35.34)0/5
🧭 Regime: Range
Normal Volatility — Bollinger width is in the 57th percentile of the last six months.
Suits: Mean reversion / range trading. No directional edge: buy near range support, sell near resistance, and treat breakouts with suspicion until volume confirms them.
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 Bollinger Band Reversion rules for BTTL — close below the lower bollinger band (20,2) while above the 200-day sma.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▼ Bearish | 49.96 | 0.49 |
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
BTTL ÷ 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 | ₹51.34 | +36.4% | 1 |
| Resistance | ₹47.10 | +25.1% | 2 |
| Resistance | ₹43.99 | +16.8% | 1 |
| Resistance | ₹41.12 | +9.2% | 2 |
| Close | ₹37.65 | — | |
| Support | ₹37.45 | −0.5% | 6 |
| Support | ₹34.58 | −8.2% | 2 |
| Support | ₹31.00 | −17.7% | 3 |
52-week range: ₹30.00 – ₹58.23 (-35.34% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹30.00 (2026-05-27) to ₹58.23 (2026-07-14). Price has retraced 72.9% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹51.57 | +37.0% | S/R confluence |
| 38.2% retracement | ₹47.45 | +26.0% | S/R confluence |
| 50.0% retracement | ₹44.11 | +17.2% | S/R confluence |
| 61.8% retracement | ₹40.78 | +8.3% | S/R confluence |
| 78.6% retracement | ₹36.04 | -4.3% | nearest |
| 127.2% extension | ₹65.91 | +75.1% | |
| 161.8% extension | ₹75.68 | +101.0% | |
| 200.0% extension | ₹86.46 | +129.6% |
🕯️ Candlesticks (last 5 sessions)
- Doji 2026-11-09 neutral Weak · 20
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
- Stochastic %K bullish 2026-10-22 → 2026-11-04₹35.16 → ₹31.00
✅ Screens BTTL 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.
