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Mafatlal Inds. (MAFATIND) — Technical Setup
₹119.56 -1.11% Strong Downtrend Volatility Contraction Strong bearish
Summary
Mafatlal Inds. is in a strong downtrend on the daily chart. RSI(14) is 37.4, MACD is above its signal line, ADX reads 29 (trending). Volume in the latest session was 1.6× its 20-day average. Over three months it has underperformed the Nifty 50 by 12.7 percentage points. Nearest support is ₹119.12 and resistance ₹124.15. 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 (-2.32)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) (28.97)0/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (37.37)0/6
- MACD line above its signal line4/4
- MACD line above zero (-1.72)0/3
- 12-day rate of change positive (-1.81)0/3
- Stochastic %K above %D0/2
- Outperforming the Nifty 50 over 3 months (-12.66)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.25)0/5
- More volume on up days than down days (20 sessions) (0.55)0/5
- Close above 20-day VWAP (-1.87)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (3.13)4/6
- Price in the upper half of its Bollinger Bands (-0.00)0/5
- Shallow drawdown from the 52-week high (-24.22)1/5
- Volatility contracting (20-day volatility below its 6-month median) (0.00)4/4
- Room to the next resistance (≥8% scores full) (3.84)1/5
- Support close below (a tight, definable stop) (0.37)5/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-24.22)0/5
🧭 Regime: Strong Downtrend
Volatility Contraction — Bollinger width is in the 1th 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 MAFATIND — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▼ Bearish | 37.37 | 0.21 |
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
MAFATIND ÷ 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 | ₹138.75 | +16.1% | 2 |
| Resistance | ₹132.52 | +10.8% | 1 |
| Resistance | ₹128.88 | +7.8% | 1 |
| Resistance | ₹124.15 | +3.8% | 3 |
| Close | ₹119.56 | — | |
| Support | ₹119.12 | −0.4% | 3 |
52-week range: ₹119.02 – ₹157.77 (-24.22% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹157.77 (2026-06-24) to ₹119.02 (2026-08-25). Price has retraced 1.4% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹128.17 | +7.2% | S/R confluence nearest |
| 38.2% retracement | ₹133.82 | +11.9% | S/R confluence |
| 50.0% retracement | ₹138.40 | +15.8% | S/R confluence |
| 61.8% retracement | ₹142.97 | +19.6% | |
| 78.6% retracement | ₹149.48 | +25.0% | |
| 127.2% extension | ₹108.48 | -9.3% | |
| 161.8% extension | ₹95.07 | -20.5% | |
| 200.0% extension | ₹80.27 | -32.9% |
Next Fibonacci time zone: 89 sessions from the swing start ≈ 2026-10-28 (approximate — exchange holidays are not modelled).
🕯️ Candlesticks (last 5 sessions)
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
- OBV bearish 2026-09-03 → 2026-09-15₹125.00 → ₹126.61
✅ Screens MAFATIND passes today
⚠️ 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.
