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Elcid Investment (ELCIDIN) — Technical Setup
₹105,130 -1.07% Strong Downtrend Normal Volatility Strong bearish
Summary
Elcid Investment is in a strong downtrend on the daily chart. RSI(14) is 42.3, MACD is below its signal line, ADX reads 42 (trending). Volume in the latest session was 1.4× its 20-day average. Over three months it has underperformed the Nifty 50 by 7.0 percentage points. Nearest resistance is ₹106,560.00. Its technical score is 19/100 (strong bearish).
🧮 How the 19/100 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 (-1.98)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) (41.80)0/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (42.32)2/6
- MACD line above its signal line0/4
- MACD line above zero (-1297.84)0/3
- 12-day rate of change positive (-1.47)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-7.02)0/2
- On-balance volume rising over 20 sessions5/5
- Chaikin Money Flow (20) positive (-0.06)0/5
- More volume on up days than down days (20 sessions) (1.40)5/5
- Close above 20-day VWAP (-2.04)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (2.96)4/6
- Price in the upper half of its Bollinger Bands (0.17)0/5
- Shallow drawdown from the 52-week high (-23.26)1/5
- Volatility contracting (20-day volatility below its 6-month median) (98.80)0/4
- Room to the next resistance (≥8% scores full) (1.36)0/5
- Support close below (a tight, definable stop)0/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-23.26)0/5
🧭 Regime: Strong Downtrend
Normal Volatility — Bollinger width is in the 72th 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 ELCIDIN — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▼ Bearish | 42.32 | -60.74 |
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. Price fell over 20 sessions while OBV rose (bullish price-volume divergence).
💪 Relative strength
ELCIDIN ÷ 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 | ₹124,940.00 | +18.8% | 1 |
| Resistance | ₹115,560.00 | +9.9% | 3 |
| Resistance | ₹111,670.00 | +6.2% | 3 |
| Resistance | ₹106,560.00 | +1.4% | 3 |
| Close | ₹105,130 | — |
52-week range: ₹102,210 – ₹137,000 (-23.26% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹137,000.00 (2026-04-20) to ₹102,210.00 (2026-09-15). Price has retraced 8.4% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹110,420.44 | +5.0% | S/R confluence nearest |
| 38.2% retracement | ₹115,499.78 | +9.9% | S/R confluence |
| 50.0% retracement | ₹119,605.00 | +13.8% | |
| 61.8% retracement | ₹123,710.22 | +17.7% | S/R confluence |
| 78.6% retracement | ₹129,554.94 | +23.2% | |
| 127.2% extension | ₹92,747.12 | -11.8% | |
| 161.8% extension | ₹80,709.78 | -23.2% | |
| 200.0% extension | ₹67,420.00 | -35.9% |
🕯️ Candlesticks (last 5 sessions)
- Doji 2026-09-17 neutral Weak · 35
- Bullish Marubozu 2026-09-11 bullish Weak · 30
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
- OBV bullish 2026-09-03 → 2026-09-15₹105,500.00 → ₹102,210.00
- Stochastic %K bullish 2026-09-03 → 2026-09-15₹105,500.00 → ₹102,210.00
✅ Screens ELCIDIN passes today
| Stock | Close | Chg | Score | Trend regime | RS rating (1-99) |
|---|---|---|---|---|---|
| GCSLGretex Corporate Services Limited | ₹618.55 | +4.07% | 93 | Uptrend | 95.00 |
| CONSOFINVTConsolidated Finvest & Holdings Limited | ₹302.20 | +0.53% | 86 | Strong Uptrend | 90.00 |
| ANANDRATHIAnand Rathi Wealth Limited | ₹2,229 | +1.00% | 84 | Strong Uptrend | 85.00 |
| PAISALOPaisalo Digital Limited | ₹89.51 | +0.88% | 84 | Strong Uptrend | 97.00 |
| RELIGAREReligare Enterprises Limited | ₹253.02 | +1.25% | 84 | Uptrend | 58.00 |
| HOMEFIRSTHome First Finance Company India Limited | ₹1,241 | +5.80% | 81 | Uptrend | 67.00 |
| NORTHARCNorthern Arc Capital Limited | ₹313.60 | +0.98% | 81 | Strong Uptrend | 74.00 |
| SHAREINDIAShare India Securities Limited | ₹228.15 | +4.45% | 81 | Strong Uptrend | 93.00 |
| ABSLAMCAditya Birla Sun Life AMC Limited | ₹1,060 | -2.72% | 80 | Range | 67.00 |
| PRIMESECUPrime Securities Limited | ₹296.85 | +0.95% | 79 | Strong Uptrend | 58.00 |
⚠️ 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.
