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Mac Charles(I) (MCCHRLS-B) — Technical Setup
₹625.35 +1.65% Strong Downtrend Volatility Expansion Strong bearish
Summary
Mac Charles(I) is in a strong downtrend on the daily chart. RSI(14) is 40.5, MACD is below its signal line, ADX reads 40 (trending). Volume in the latest session was 0.0× its 20-day average. Over three months it has underperformed the Nifty 50 by 11.4 percentage points. Nearest support is ₹615.25 and resistance ₹721.83. Its technical score is 13/100 (strong bearish).
🧮 How the 13/100 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 (-4.59)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) (39.84)0/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (40.50)2/6
- MACD line above its signal line0/4
- MACD line above zero (-9.84)0/3
- 12-day rate of change positive (-5.82)0/3
- Stochastic %K above %D0/2
- Outperforming the Nifty 50 over 3 months (-11.37)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.30)0/5
- More volume on up days than down days (20 sessions) (0.01)0/5
- Close above 20-day VWAP (-3.27)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (7.71)0/6
- Price in the upper half of its Bollinger Bands (0.02)0/5
- Shallow drawdown from the 52-week high (-21.73)1/5
- Volatility contracting (20-day volatility below its 6-month median) (100.00)0/4
- Room to the next resistance (≥8% scores full) (15.43)5/5
- Support close below (a tight, definable stop) (1.62)5/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-21.73)0/5
🧭 Regime: Strong Downtrend
Volatility Expansion — Bollinger width is in the 100th 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 MCCHRLS-B — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▼ Bearish | 40.50 | -3.70 |
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
MCCHRLS-B ÷ 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 | ₹798.70 | +27.7% | 3 |
| Resistance | ₹721.83 | +15.4% | 6 |
| Close | ₹625.35 | — | |
| Support | ₹615.25 | −1.6% | 8 |
| Support | ₹538.90 | −13.8% | 1 |
52-week range: ₹538.90 – ₹799.00 (-21.73% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹799.00 (2026-08-27) to ₹538.90 (2026-10-21). Price has retraced 33.2% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹600.28 | -4.0% | |
| 38.2% retracement | ₹638.26 | +2.1% | nearest |
| 50.0% retracement | ₹668.95 | +7.0% | |
| 61.8% retracement | ₹699.64 | +11.9% | |
| 78.6% retracement | ₹743.34 | +18.9% | |
| 127.2% extension | ₹468.15 | -25.1% | |
| 161.8% extension | ₹378.16 | -39.5% | |
| 200.0% extension | ₹278.80 | -55.4% |
Next Fibonacci time zone: 55 sessions from the swing start ≈ 2026-11-18 (approximate — exchange holidays are not modelled).
🕯️ Candlesticks (last 5 sessions)
- Bullish Harami 2026-11-12 bullish Moderate · 60
- Dragonfly Doji 2026-11-06 bullish Weak · 30
- Doji 2026-11-05 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.
✅ Screens MCCHRLS-B 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.
