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AvenuesAI Limited (CCAVENUE) — Technical Setup
₹124.29 +3.09% Strong Downtrend Volatility Expansion Strong bearish
Summary
AvenuesAI Limited is in a strong downtrend on the daily chart. RSI(14) is 35.8, MACD is below its signal line, ADX reads 30 (trending). Volume in the latest session was 1.0× its 20-day average. Over three months it has underperformed the Nifty 50 by 23.4 percentage points. Nearest support is ₹113.81 and resistance ₹132.20. Its technical score is 8/100 (strong bearish).
🧮 How the 8/100 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 (-6.91)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) (30.46)0/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (35.79)0/6
- MACD line above its signal line0/4
- MACD line above zero (-9.15)0/3
- 12-day rate of change positive (-17.25)0/3
- Stochastic %K above %D0/2
- Outperforming the Nifty 50 over 3 months (-23.39)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.26)0/5
- More volume on up days than down days (20 sessions) (0.40)0/5
- Close above 20-day VWAP (-8.76)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (5.29)2/6
- Price in the upper half of its Bollinger Bands (0.30)2/5
- Shallow drawdown from the 52-week high (-36.03)0/5
- Volatility contracting (20-day volatility below its 6-month median) (92.00)0/4
- Room to the next resistance (≥8% scores full) (6.36)3/5
- Support close below (a tight, definable stop) (8.43)1/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-36.03)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 CCAVENUE — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | ▼ Bearish | 39.15 | -4.47 |
| Daily | ▼ Bearish | 35.79 | -0.91 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: Bearish, weekly ADX 21.91.
📶 Volume & VWAP
VWAPs are computed from daily bars (typical price × volume), not intraday ticks.
💪 Relative strength
CCAVENUE ÷ 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 | ₹158.00 | +27.1% | 5 |
| Resistance | ₹149.95 | +20.6% | 2 |
| Resistance | ₹145.20 | +16.8% | 1 |
| Resistance | ₹132.20 | +6.4% | 4 |
| Close | ₹124.29 | — | |
| Support | ₹113.81 | −8.4% | 1 |
52-week range: ₹113.81 – ₹194.30 (-36.03% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹187.50 (2026-07-02) to ₹113.81 (2026-10-26). Price has retraced 14.2% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹131.20 | +5.6% | S/R confluence nearest |
| 38.2% retracement | ₹141.96 | +14.2% | |
| 50.0% retracement | ₹150.66 | +21.2% | S/R confluence |
| 61.8% retracement | ₹159.35 | +28.2% | S/R confluence |
| 78.6% retracement | ₹171.73 | +38.2% | |
| 127.2% extension | ₹93.77 | -24.6% | |
| 161.8% extension | ₹68.27 | -45.1% | |
| 200.0% extension | ₹40.12 | -67.7% |
Next Fibonacci time zone: 89 sessions from the swing start ≈ 2026-11-13 (approximate — exchange holidays are not modelled).
🕯️ Candlesticks (last 5 sessions)
- Tweezer Bottom 2026-11-02 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 CCAVENUE passes today
| Stock | Close | Chg | Score | Trend regime | RS rating (1-99) |
|---|---|---|---|---|---|
| COFORGECoforge Limited | ₹2,099.00 | +2.64% | 92 | Uptrend | 89.00 |
| TANLATanla Platforms Limited | ₹645.45 | +2.92% | 85 | Strong Uptrend | 81.00 |
| NINSYSNINtec Systems Limited | ₹955.95 | +1.74% | 83 | Strong Uptrend | 97.00 |
| TECHMTech Mahindra Limited | ₹1,786.90 | -0.22% | 81 | Strong Uptrend | 79.00 |
| 63MOONS63 moons technologies limited | ₹961.50 | +1.33% | 80 | Strong Uptrend | 85.00 |
| MPHASISMphasiS Limited | ₹2,563.70 | +1.51% | 80 | Strong Uptrend | 69.00 |
| LTTSL&T Technology Services Limited | ₹4,225.70 | -1.27% | 78 | Strong Uptrend | 79.00 |
| QUINTEGRAQuintegra Solutions Limited | ₹3.22 | +1.90% | 78 | Strong Uptrend | 98.00 |
| PERSISTENTPersistent Systems Limited | ₹6,051.00 | +0.05% | 76 | Uptrend | 75.00 |
| ZENSARTECHZensar Technologies Limited | ₹543.55 | +1.50% | 76 | Strong Uptrend | 53.00 |
⚠️ 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.
