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Meesho Limited (MEESHO) — Technical Setup
₹214.44 +3.44% Strong Uptrend Volatility Contraction Bullish
Summary
Meesho Limited is in a strong uptrend on the daily chart. RSI(14) is 59.6, MACD is below its signal line, ADX reads 25 (trending). Volume in the latest session was 5.3× its 20-day average. Over three months it has outperformed the Nifty 50 by 16.8 percentage points. Nearest support is ₹212.65 and resistance ₹223.10. Its technical score is 67/100 (bullish).
🧮 How the 67/100 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 (2.33)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) (25.48)3/3
- Weekly trend up (above a rising 30-week average)2/2
- RSI(14) in the bullish zone (55-70 best) (59.64)6/6
- MACD line above its signal line0/4
- MACD line above zero (4.41)3/3
- 12-day rate of change positive (1.34)3/3
- Stochastic %K above %D0/2
- Outperforming the Nifty 50 over 3 months (16.81)2/2
- On-balance volume rising over 20 sessions5/5
- Chaikin Money Flow (20) positive (-0.03)0/5
- More volume on up days than down days (20 sessions) (1.51)5/5
- Close above 20-day VWAP (1.39)5/5
- Daily range (ATR%) contained — ≤2.5% scores full (3.45)4/6
- Price in the upper half of its Bollinger Bands (0.73)5/5
- Shallow drawdown from the 52-week high (-15.71)3/5
- Volatility contracting (20-day volatility below its 6-month median) (2.40)4/4
- Room to the next resistance (≥8% scores full) (4.04)3/5
- Support close below (a tight, definable stop) (0.83)5/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-15.71)0/5
🧭 Regime: Strong Uptrend
Volatility Contraction — Bollinger width is in the 6th 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 MEESHO — close at a 20-day high on 1.5× average volume, rsi above 55.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | ▲ Bullish | 76.42 | 2.76 |
| Daily | ▲ Bullish | 59.64 | -0.75 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: Bullish, weekly ADX 26.76.
📶 Volume & VWAP
VWAPs are computed from daily bars (typical price × volume), not intraday ticks. Today was a 50-day volume climax.
💪 Relative strength
MEESHO ÷ 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 | ₹254.40 | +18.6% | 1 |
| Resistance | ₹227.65 | +6.2% | 1 |
| Resistance | ₹223.10 | +4.0% | 1 |
| Close | ₹214.44 | — | |
| Support | ₹212.65 | −0.8% | 1 |
| Support | ₹201.75 | −5.9% | 2 |
| Support | ₹195.90 | −8.7% | 3 |
| Support | ₹175.70 | −18.1% | 5 |
52-week range: ₹125.56 – ₹254.40 (-15.71% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹139.00 (2026-03-30) to ₹227.65 (2026-05-05). Price has retraced 14.9% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹206.73 | -3.6% | nearest |
| 38.2% retracement | ₹193.79 | -9.6% | S/R confluence |
| 50.0% retracement | ₹183.32 | -14.5% | |
| 61.8% retracement | ₹172.86 | -19.4% | |
| 78.6% retracement | ₹157.97 | -26.3% | |
| 127.2% extension | ₹251.76 | +17.4% | |
| 161.8% extension | ₹282.44 | +31.7% | |
| 200.0% extension | ₹316.30 | +47.5% |
🕯️ Candlesticks (last 5 sessions)
- Bearish Marubozu 2026-09-17 bearish Weak · 30
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
- MACD histogram bearish 2026-08-24 → 2026-09-11₹212.65 → ₹223.10
✅ Screens MEESHO passes today
| Stock | Close | Chg | Score | Trend regime | RS rating (1-99) |
|---|---|---|---|---|---|
| SOFTTECHSofttech Engineers Limited | ₹525.70 | +4.99% | 92 | Strong Uptrend | 90.00 |
| 3IINFOLTD3i Infotech Limited | ₹25.50 | -1.01% | 84 | Strong Uptrend | 90.00 |
| NPSTNetwork People Services Technologies Limited | ₹1,828 | -1.42% | 83 | Strong Uptrend | 78.00 |
| EQUIPPPEquippp Social Impact Technologies Limited | ₹24.51 | +0.49% | 81 | Uptrend | 77.00 |
| EBGNGGNG Electronics Limited | ₹703.05 | +6.26% | 80 | Strong Uptrend | 95.00 |
| ONEPOINTOne Point One Solutions Limited | ₹59.64 | +0.85% | 79 | Uptrend | 74.00 |
| 63MOONS63 moons technologies limited | ₹884.75 | +1.39% | 78 | Uptrend | 82.00 |
| ADROITINFOAdroit Infotech Limited | ₹11.14 | -0.71% | 77 | Strong Uptrend | 72.00 |
| CYBERTECHCybertech Systems And Software Limited | ₹142.82 | +1.13% | 76 | Strong Uptrend | 55.00 |
| ACSTECHACS Tech | ₹66.15 | +5.00% | 75 | Strong Uptrend | — |
⚠️ 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.
