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Mac Charles(I) (MCCHRLS-B) — Technical Setup
₹655.00 -0.72% Range Normal Volatility Strong bearish
Summary
Mac Charles(I) is in a range on the daily chart. RSI(14) is 39.4, MACD is below its signal line, ADX reads 14 (weak trend). Volume in the latest session was 5.5× its 20-day average. Over three months it has underperformed the Nifty 50 by 4.3 percentage points. Nearest support is ₹650.00 and resistance ₹725.00. Its technical score is 22/100 (strong bearish).
🧮 How the 22/100 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 (-2.78)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) (13.85)1/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (39.42)0/6
- MACD line above its signal line0/4
- MACD line above zero (-5.69)0/3
- 12-day rate of change positive (-5.75)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-4.32)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.65)0/5
- More volume on up days than down days (20 sessions) (0.04)0/5
- Close above 20-day VWAP (-2.75)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (5.45)2/6
- Price in the upper half of its Bollinger Bands (-0.01)0/5
- Shallow drawdown from the 52-week high (-18.02)3/5
- Volatility contracting (20-day volatility below its 6-month median) (34.50)4/4
- Room to the next resistance (≥8% scores full) (10.69)5/5
- Support close below (a tight, definable stop) (0.76)5/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-18.02)0/5
🧭 Regime: Range
Normal Volatility — Bollinger width is in the 78th 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 MCCHRLS-B — 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 | 39.42 | -2.15 |
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. Today was a 50-day volume climax.
💪 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 | +21.9% | 3 |
| Resistance | ₹725.00 | +10.7% | 3 |
| Close | ₹655.00 | — | |
| Support | ₹650.00 | −0.8% | 1 |
| Support | ₹625.07 | −4.6% | 2 |
| Support | ₹580.00 | −11.4% | 3 |
52-week range: ₹580.00 – ₹799.00 (-18.02% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹580.00 (2026-06-09) to ₹799.00 (2026-08-27). Price has retraced 65.8% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹747.32 | +14.1% | |
| 38.2% retracement | ₹715.34 | +9.2% | |
| 50.0% retracement | ₹689.50 | +5.3% | |
| 61.8% retracement | ₹663.66 | +1.3% | nearest |
| 78.6% retracement | ₹626.87 | -4.3% | S/R confluence |
| 127.2% extension | ₹858.57 | +31.1% | |
| 161.8% extension | ₹934.34 | +42.6% | |
| 200.0% extension | ₹1,018.00 | +55.4% |
Next Fibonacci time zone: 89 sessions from the swing start ≈ 2026-10-14 (approximate — exchange holidays are not modelled).
🕯️ Candlesticks (last 5 sessions)
- Dragonfly Doji 2026-09-15 bullish Moderate · 50
- Bearish Marubozu 2026-09-11 bearish Moderate · 50
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
- RSI(14) bullish 2026-08-17 → 2026-09-07₹650.00 → ₹625.10
- MACD histogram bullish 2026-08-17 → 2026-09-07₹650.00 → ₹625.10
✅ 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.
