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Majestic Auto (MAJESAUT) — Technical Setup
₹363.10 +0.97% Range Normal Volatility Neutral
Summary
Majestic Auto is in a range on the daily chart. RSI(14) is 46.1, MACD is above its signal line, ADX reads 15 (weak trend). Volume in the latest session was 0.5× its 20-day average. Over three months it has outperformed the Nifty 50 by 9.4 percentage points. Nearest support is ₹345.00 and resistance ₹373.95. Its technical score is 42/100 (neutral).
🧮 How the 42/100 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 (-0.76)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) (15.06)1/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (46.06)2/6
- MACD line above its signal line4/4
- MACD line above zero (-6.98)0/3
- 12-day rate of change positive (1.67)3/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (9.45)2/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (0.02)3/5
- More volume on up days than down days (20 sessions) (0.67)0/5
- Close above 20-day VWAP (1.04)5/5
- Daily range (ATR%) contained — ≤2.5% scores full (3.97)4/6
- Price in the upper half of its Bollinger Bands (0.66)5/5
- Shallow drawdown from the 52-week high (-27.38)1/5
- Volatility contracting (20-day volatility below its 6-month median) (22.40)4/4
- Room to the next resistance (≥8% scores full) (2.99)1/5
- Support close below (a tight, definable stop) (4.98)5/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-27.38)0/5
🧭 Regime: Range
Normal Volatility — Bollinger width is in the 21th percentile of the last six months.
Suits: Mean reversion / range trading. No directional edge: buy near range support, sell near resistance, and treat breakouts with suspicion until volume confirms them.
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 Bollinger Band Reversion rules for MAJESAUT — close below the lower bollinger band (20,2) while above the 200-day sma.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▼ Bearish | 46.06 | 2.20 |
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.
💪 Relative strength
MAJESAUT ÷ 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 | ₹500.00 | +37.7% | 1 |
| Resistance | ₹439.95 | +21.2% | 1 |
| Resistance | ₹373.95 | +3.0% | 1 |
| Close | ₹363.10 | — | |
| Support | ₹345.00 | −5.0% | 4 |
| Support | ₹320.05 | −11.9% | 1 |
| Support | ₹307.10 | −15.4% | 1 |
| Support | ₹290.35 | −20.0% | 1 |
52-week range: ₹274.00 – ₹500.00 (-27.38% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹274.00 (2026-05-04) to ₹500.00 (2026-08-05). Price has retraced 60.6% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹446.66 | +23.0% | |
| 38.2% retracement | ₹413.67 | +13.9% | |
| 50.0% retracement | ₹387.00 | +6.6% | |
| 61.8% retracement | ₹360.33 | -0.8% | nearest |
| 78.6% retracement | ₹322.36 | -11.2% | S/R confluence |
| 127.2% extension | ₹561.47 | +54.6% | |
| 161.8% extension | ₹639.67 | +76.2% | |
| 200.0% extension | ₹726.00 | +99.9% |
🕯️ Candlesticks (last 5 sessions)
- Bearish Marubozu 2026-09-15 bearish Moderate · 50
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
- OBV bearish 2026-08-27 → 2026-09-11₹373.95 → ₹379.80
✅ Screens MAJESAUT 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.
