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Kovai Medical (KOVAI) — Technical Setup
₹5,873.50 +0.99% Weak Downtrend Volatility Contraction Bearish
Summary
Kovai Medical is in a weak downtrend on the daily chart. RSI(14) is 46.4, MACD is above its signal line, ADX reads 19 (weak trend). Volume in the latest session was 0.9× its 20-day average. Over three months it has outperformed the Nifty 50 by 3.2 percentage points. Nearest support is ₹5,540.00 and resistance ₹5,938.25. Its technical score is 34/100 (bearish).
🧮 How the 34/100 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 (-0.45)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) (19.07)1/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (46.35)2/6
- MACD line above its signal line4/4
- MACD line above zero (-43.78)0/3
- 12-day rate of change positive (-1.67)0/3
- Stochastic %K above %D0/2
- Outperforming the Nifty 50 over 3 months (3.25)2/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.21)0/5
- More volume on up days than down days (20 sessions) (0.49)0/5
- Close above 20-day VWAP (0.04)5/5
- Daily range (ATR%) contained — ≤2.5% scores full (2.53)4/6
- Price in the upper half of its Bollinger Bands (0.44)2/5
- Shallow drawdown from the 52-week high (-8.85)5/5
- Volatility contracting (20-day volatility below its 6-month median) (10.50)4/4
- Room to the next resistance (≥8% scores full) (1.10)0/5
- Support close below (a tight, definable stop) (5.68)3/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-8.85)2/5
🧭 Regime: Weak Downtrend
Volatility Contraction — Bollinger width is in the 1th 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 KOVAI — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▼ Bearish | 46.35 | 3.58 |
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
KOVAI ÷ 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 | ₹6,444.00 | +9.7% | 1 |
| Resistance | ₹6,309.50 | +7.4% | 2 |
| Resistance | ₹5,938.25 | +1.1% | 12 |
| Close | ₹5,873.50 | — | |
| Support | ₹5,540.00 | −5.7% | 1 |
| Support | ₹5,275.50 | −10.2% | 3 |
52-week range: ₹5,275.50 – ₹6,444.00 (-8.85% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹5,275.50 (2026-05-27) to ₹6,444.00 (2026-09-10). Price has retraced 48.8% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹6,168.23 | +5.0% | |
| 38.2% retracement | ₹5,997.63 | +2.1% | S/R confluence |
| 50.0% retracement | ₹5,859.75 | -0.2% | nearest |
| 61.8% retracement | ₹5,721.87 | -2.6% | |
| 78.6% retracement | ₹5,525.56 | -5.9% | S/R confluence |
| 127.2% extension | ₹6,761.83 | +15.1% | |
| 161.8% extension | ₹7,166.13 | +22.0% | |
| 200.0% extension | ₹7,612.50 | +29.6% |
🕯️ Candlesticks (last 5 sessions)
- Doji 2026-11-02 neutral Weak · 20
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
- MACD histogram bullish 2026-10-09 → 2026-10-22₹5,874.00 → ₹5,679.50
- MFI(14) bullish 2026-10-09 → 2026-10-22₹5,874.00 → ₹5,679.50
- Stochastic %K bullish 2026-10-09 → 2026-10-22₹5,874.00 → ₹5,679.50
📐 Chart pattern
- Falling Wedge dailyforming
- Ascending Channel weeklyforming
✅ Screens KOVAI passes today
| Stock | Close | Chg | Score | Trend regime | RS rating (1-99) |
|---|---|---|---|---|---|
| AGARWALEYEDr. Agarwal's Health Care Limited | ₹513.85 | +0.91% | 84 | Range | 75.00 |
| APOLLOHOSPApollo Hospitals Enterprise Limited | ₹8,459.00 | +0.13% | 74 | Range | 73.00 |
| INDGNIndegene Limited | ₹619.40 | +5.56% | 71 | Uptrend | 84.00 |
| NHNarayana Hrudayalaya Ltd. | ₹1,834.20 | +6.63% | 69 | Range | 64.00 |
| SYNGENESyngene International Limited | ₹412.95 | +2.55% | 67 | Range | 43.00 |
| VIJAYAVijaya Diagnostic Centre Limited | ₹1,457.40 | +0.81% | 67 | Range | 87.00 |
| METROPOLISMetropolis Healthcare Limited | ₹559.90 | +2.61% | 59 | Range | 76.00 |
| SURAKSHASuraksha Diagnostic Limited | ₹325.45 | +2.88% | 54 | Range | 83.00 |
| DRAGARWQDr Agarwal's Eye | ₹5,411.50 | +1.77% | 52 | Uptrend | 75.00 |
| GAUDIUMIVFGaudium IVF and Women Health Limited | ₹105.64 | -0.21% | 51 | Weak Downtrend | 27.00 |
⚠️ 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.
