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CSM Technologies Limited (CSM) — Technical Setup
₹88.41 +1.64% Weak Downtrend Volatility Expansion Strong bearish
Summary
CSM Technologies Limited is in a weak downtrend on the daily chart. RSI(14) is 38.3, MACD is below its signal line, ADX reads 21. Volume in the latest session was 0.5× its 20-day average. Over three months it has underperformed the Nifty 50 by 10.0 percentage points. Nearest support is ₹76.26 and resistance ₹95.55. Its technical score is 24/100 (strong bearish).
🧮 How the 24/100 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 (-5.11)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) (21.25)0/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (38.34)0/6
- MACD line above its signal line0/4
- MACD line above zero (-2.71)0/3
- 12-day rate of change positive (-9.93)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-10.04)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (0.03)3/5
- More volume on up days than down days (20 sessions) (3.21)5/5
- Close above 20-day VWAP (-16.29)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (5.98)2/6
- Price in the upper half of its Bollinger Bands (0.22)2/5
- Shallow drawdown from the 52-week high (-23.05)1/5
- Volatility contracting (20-day volatility below its 6-month median) (31.50)4/4
- Room to the next resistance (≥8% scores full) (8.08)5/5
- Support close below (a tight, definable stop) (13.74)0/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-23.05)0/5
🧭 Regime: Weak Downtrend
Volatility Expansion — Bollinger width is in the 98th 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 CSM — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▼ Bearish | 38.34 | -0.80 |
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
CSM ÷ 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 | ₹114.90 | +30.0% | 1 |
| Resistance | ₹109.00 | +23.3% | 2 |
| Resistance | ₹95.55 | +8.1% | 3 |
| Close | ₹88.41 | — | |
| Support | ₹76.26 | −13.7% | 1 |
52-week range: ₹76.26 – ₹114.90 (-23.05% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹76.26 (2026-09-11) to ₹114.90 (2026-09-18). Price has retraced 68.6% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹105.78 | +19.6% | |
| 38.2% retracement | ₹100.14 | +13.3% | |
| 50.0% retracement | ₹95.58 | +8.1% | S/R confluence |
| 61.8% retracement | ₹91.02 | +3.0% | nearest |
| 78.6% retracement | ₹84.53 | -4.4% | |
| 127.2% extension | ₹125.41 | +41.9% | |
| 161.8% extension | ₹138.78 | +57.0% | |
| 200.0% extension | ₹153.54 | +73.7% |
Next Fibonacci time zone: 34 sessions from the swing start ≈ 2026-11-02 (approximate — exchange holidays are not modelled).
🕯️ Candlesticks (last 5 sessions)
- Inverted Hammer 2026-10-16 bullish Weak · 40
- Bullish Harami 2026-10-16 bullish Weak · 40
- Hammer 2026-10-13 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 CSM passes today
| Stock | Close | Chg | Score | Trend regime | RS rating (1-99) |
|---|---|---|---|---|---|
| COFORGECoforge Limited | ₹1,951.90 | +0.91% | 90 | Uptrend | 84.00 |
| CYIENTCyient Limited | ₹1,194.50 | +0.40% | 83 | Strong Uptrend | 80.00 |
| ONWARDTECOnward Technologies Limited | ₹427.40 | +19.99% | 83 | Strong Uptrend | 92.00 |
| TECHMTech Mahindra Limited | ₹1,790.00 | +8.48% | 82 | Uptrend | 78.00 |
| BBOXBlack Box Limited | ₹907.25 | +3.07% | 79 | Strong Uptrend | 91.00 |
| E2EE2E Networks Limited | ₹694.85 | -2.26% | 79 | Uptrend | 98.00 |
| EBGNGGNG Electronics Limited | ₹708.05 | +2.28% | 79 | Uptrend | 96.00 |
| NINSYSNINtec Systems Limited | ₹855.20 | +3.50% | 79 | Strong Uptrend | 93.00 |
| PERSISTENTPersistent Systems Limited | ₹5,741.00 | -1.70% | 79 | Uptrend | 67.00 |
| ONEPOINTOne Point One Solutions Limited | ₹84.98 | +0.25% | 78 | Strong Uptrend | 93.00 |
⚠️ 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.
