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Kovai Medical (KOVAI) — Technical Setup
₹6,226 +1.87% Strong Uptrend Normal Volatility Strong bullish
Summary
Kovai Medical is in a strong uptrend on the daily chart. RSI(14) is 58.2, MACD is above its signal line, ADX reads 31 (trending). Volume in the latest session was 0.7× its 20-day average. Over three months it has outperformed the Nifty 50 by 9.7 percentage points. Nearest support is ₹6,168.50 and resistance ₹6,444.00. Its technical score is 76/100 (strong bullish).
🧮 How the 76/100 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 (2.22)3/3
- 20-day EMA above 50-day EMA3/3
- 50-day EMA above 200-day EMA0/3
- Close above 200-day SMA0/3
- SuperTrend (10,3) pointing up3/3
- ADX ≥ 20 with +DI above −DI (trend has strength) (30.82)3/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (58.17)6/6
- MACD line above its signal line4/4
- MACD line above zero (50.21)3/3
- 12-day rate of change positive (3.15)3/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (9.70)2/2
- On-balance volume rising over 20 sessions5/5
- Chaikin Money Flow (20) positive (-0.01)0/5
- More volume on up days than down days (20 sessions) (2.25)5/5
- Close above 20-day VWAP (1.88)5/5
- Daily range (ATR%) contained — ≤2.5% scores full (2.73)4/6
- Price in the upper half of its Bollinger Bands (0.93)5/5
- Shallow drawdown from the 52-week high (-3.38)5/5
- Volatility contracting (20-day volatility below its 6-month median) (44.00)4/4
- Room to the next resistance (≥8% scores full) (3.50)1/5
- Support close below (a tight, definable stop) (0.92)5/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-3.38)5/5
🧭 Regime: Strong Uptrend
Normal Volatility — Bollinger width is in the 23th percentile of the last six months.
Suits: Trend-following. Pullbacks to the 20-day EMA and breakouts tend to be bought in strong trends; mean-reversion shorts fight the tape.
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 Momentum Breakout rules for KOVAI — close at a 20-day high on 1.5× average volume, rsi above 55.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▲ Bullish | 58.17 | 2.72 |
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 | +3.5% | 1 |
| Close | ₹6,226 | — | |
| Support | ₹6,168.50 | −0.9% | 6 |
| Support | ₹5,938.25 | −4.6% | 2 |
| Support | ₹5,751.00 | −7.6% | 3 |
| Support | ₹5,540.00 | −11.0% | 1 |
52-week range: ₹2,577 – ₹6,444 (-3.38% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹2,576.65 (2026-04-13) to ₹6,444.00 (2026-09-10). Price has retraced 5.6% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹5,531.31 | -11.2% | S/R confluence nearest |
| 38.2% retracement | ₹4,966.67 | -20.2% | |
| 50.0% retracement | ₹4,510.32 | -27.6% | |
| 61.8% retracement | ₹4,053.98 | -34.9% | |
| 78.6% retracement | ₹3,404.26 | -45.3% | |
| 127.2% extension | ₹7,495.92 | +20.4% | |
| 161.8% extension | ₹8,834.02 | +41.9% | |
| 200.0% extension | ₹10,311.35 | +65.6% |
🕯️ Candlesticks (last 5 sessions)
- Doji 2026-09-17 neutral Weak · 20
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.
📐 Chart pattern
- Rising Wedge weeklyforming
✅ Screens KOVAI passes today
| Stock | Close | Chg | Score | Trend regime | RS rating (1-99) |
|---|---|---|---|---|---|
| GPTHEALTHGPT Healthcare Limited | ₹166.21 | +1.59% | 93 | Strong Uptrend | 73.00 |
| METROPOLISMetropolis Healthcare Limited | ₹597.45 | +1.90% | 86 | Uptrend | 75.00 |
| MEDANTAGlobal Health Limited | ₹1,499 | +5.29% | 81 | Uptrend | 78.00 |
| NEPHROPLUSNephrocare Health Services Limited | ₹743.35 | +1.12% | 81 | Strong Uptrend | 82.00 |
| YATHARTHYatharth Hospital & Trauma Care Services Limited | ₹1,140 | +6.26% | 81 | Strong Uptrend | 91.00 |
| APOLLOHOSPApollo Hospitals Enterprise Limited | ₹8,944 | +2.01% | 80 | Range | 72.00 |
| BIBilcare | ₹107.62 | +5.00% | 78 | Strong Uptrend | — |
| ARTEMISMEDArtemis Medicare Services Limited | ₹338.50 | +2.31% | 76 | Strong Uptrend | 86.00 |
| MAXHEALTHMax Healthcare Institute Limited | ₹1,049 | +1.19% | 74 | Range | 50.00 |
| NHNarayana Hrudayalaya Ltd. | ₹1,928 | +3.21% | 74 | Range | 61.00 |
⚠️ 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.
