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Bhilwara Tech (BTTL) — Technical Setup
₹39.64 -3.67% Weak Downtrend Normal Volatility Strong bearish
Summary
Bhilwara Tech is in a weak downtrend on the daily chart. RSI(14) is 35.6, MACD is below its signal line, ADX reads 15 (weak trend). Volume in the latest session was 0.5× its 20-day average. Over three months it has outperformed the Nifty 50 by 18.4 percentage points. Nearest support is ₹38.90 and resistance ₹40.75. Its technical score is 23/100 (strong bearish).
🧮 How the 23/100 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 (-6.60)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) (14.98)1/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (35.60)0/6
- MACD line above its signal line0/4
- MACD line above zero (-1.11)0/3
- 12-day rate of change positive (-8.22)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (18.44)2/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (0.06)5/5
- More volume on up days than down days (20 sessions) (0.85)0/5
- Close above 20-day VWAP (-6.62)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (5.53)2/6
- Price in the upper half of its Bollinger Bands (-0.02)0/5
- Shallow drawdown from the 52-week high (-31.93)1/5
- Volatility contracting (20-day volatility below its 6-month median) (3.50)4/4
- Room to the next resistance (≥8% scores full) (2.80)1/5
- Support close below (a tight, definable stop) (1.87)5/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-31.93)0/5
🧭 Regime: Weak Downtrend
Normal Volatility — Bollinger width is in the 30th 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 BTTL — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▼ Bearish | 35.60 | -0.12 |
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 | ₹58.23 | +46.9% | 1 |
| Resistance | ₹51.34 | +29.5% | 1 |
| Resistance | ₹47.10 | +18.8% | 2 |
| Resistance | ₹40.75 | +2.8% | 1 |
| Close | ₹39.64 | — | |
| Support | ₹38.90 | −1.9% | 2 |
| Support | ₹37.00 | −6.7% | 1 |
| Support | ₹33.99 | −14.2% | 1 |
| Support | ₹32.06 | −19.1% | 1 |
52-week range: ₹30.00 – ₹58.23 (-31.93% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹30.00 (2026-05-27) to ₹58.23 (2026-07-14). Price has retraced 65.8% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹51.57 | +30.1% | S/R confluence |
| 38.2% retracement | ₹47.45 | +19.7% | S/R confluence |
| 50.0% retracement | ₹44.11 | +11.3% | |
| 61.8% retracement | ₹40.78 | +2.9% | S/R confluence nearest |
| 78.6% retracement | ₹36.04 | -9.1% | |
| 127.2% extension | ₹65.91 | +66.3% | |
| 161.8% extension | ₹75.68 | +90.9% | |
| 200.0% extension | ₹86.46 | +118.1% |
Next Fibonacci time zone: 89 sessions from the swing start ≈ 2026-09-30 (approximate — exchange holidays are not modelled).
🕯️ Candlesticks (last 5 sessions)
- Bullish Marubozu 2026-09-16 bullish Moderate · 50
- Bearish Marubozu 2026-09-15 bearish Strong · 70
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 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.
