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Menon Pistons (MENNPIS) — Technical Setup
₹65.98 +5.00% Strong Downtrend Normal Volatility Bearish
Summary
Menon Pistons is in a strong downtrend on the daily chart. RSI(14) is 49.3, MACD is above its signal line, ADX reads 30 (trending). Volume in the latest session was 2.1× its 20-day average. Over three months it has underperformed the Nifty 50 by 2.7 percentage points. Nearest support is ₹62.68 and resistance ₹69.55. Its technical score is 25/100 (bearish).
🧮 How the 25/100 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 (1.32)3/3
- 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) (29.51)0/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (49.29)2/6
- MACD line above its signal line4/4
- MACD line above zero (-2.41)0/3
- 12-day rate of change positive (-1.35)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-2.70)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.02)0/5
- More volume on up days than down days (20 sessions) (0.56)0/5
- Close above 20-day VWAP (-0.23)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (4.46)2/6
- Price in the upper half of its Bollinger Bands (0.55)5/5
- Shallow drawdown from the 52-week high (-23.10)1/5
- Volatility contracting (20-day volatility below its 6-month median) (60.50)0/4
- Room to the next resistance (≥8% scores full) (5.41)3/5
- Support close below (a tight, definable stop) (5.01)3/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-23.10)0/5
🧭 Regime: Strong Downtrend
Normal Volatility — Bollinger width is in the 79th 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 MENNPIS — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▼ Bearish | 49.29 | 0.36 |
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
MENNPIS ÷ 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 | ₹81.90 | +24.1% | 2 |
| Resistance | ₹78.90 | +19.6% | 1 |
| Resistance | ₹72.70 | +10.2% | 1 |
| Resistance | ₹69.55 | +5.4% | 3 |
| Close | ₹65.98 | — | |
| Support | ₹62.68 | −5.0% | 2 |
| Support | ₹59.70 | −9.5% | 1 |
| Support | ₹55.84 | −15.4% | 2 |
| Support | ₹52.35 | −20.7% | 1 |
52-week range: ₹52.35 – ₹85.80 (-23.10% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹52.35 (2026-06-09) to ₹85.80 (2026-09-08). Price has retraced 59.2% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹77.91 | +18.1% | |
| 38.2% retracement | ₹73.02 | +10.7% | S/R confluence |
| 50.0% retracement | ₹69.07 | +4.7% | S/R confluence |
| 61.8% retracement | ₹65.13 | -1.3% | nearest |
| 78.6% retracement | ₹59.51 | -9.8% | S/R confluence |
| 127.2% extension | ₹94.90 | +43.8% | |
| 161.8% extension | ₹106.47 | +61.4% | |
| 200.0% extension | ₹119.25 | +80.7% |
🕯️ Candlesticks (last 5 sessions)
- Bullish Marubozu 2026-11-02 bullish Strong · 70
- Morning Star 2026-11-02 bullish Strong · 100
- Doji 2026-10-30 neutral Weak · 20
- Bullish Marubozu 2026-10-27 bullish Strong · 80
- Bullish Engulfing 2026-10-27 bullish Strong · 90
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 MENNPIS passes today
| Stock | Close | Chg | Score | Trend regime | RS rating (1-99) |
|---|---|---|---|---|---|
| BOSCHLTDBosch Limited | ₹48,100.00 | +1.91% | 92 | Uptrend | 86.00 |
| ATHERENERGAther Energy Limited | ₹1,774.60 | +1.06% | 88 | Uptrend | 97.00 |
| SONACOMSSona BLW Precision Forgings Limited | ₹905.95 | +1.73% | 88 | Uptrend | 94.00 |
| TVSMOTORTVS Motor Company Limited | ₹4,213.00 | +0.42% | 85 | Uptrend | 77.00 |
| LUMAXTECHLumax Auto Technologies Limited | ₹2,014.40 | -0.41% | 78 | Uptrend | 91.00 |
| SSWLSteel Strips Wheels Limited | ₹486.95 | -1.36% | 74 | Strong Uptrend | 98.00 |
| GABRIELGabriel India Limited | ₹1,443.80 | +1.32% | 73 | Uptrend | 85.00 |
| HBLENGINEHBL Engineering Limited | ₹818.10 | +2.35% | 69 | Uptrend | 72.00 |
| MENONBEMenon Bearings Limited | ₹311.10 | +12.64% | 68 | Uptrend | 98.00 |
| MSUMIMotherson Sumi Wiring India Limited | ₹38.78 | +10.36% | 66 | Range | 52.00 |
⚠️ 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.
