/ 100
Mercantile Vent. (MERCANTILE) — Technical Setup
₹22.70 +1.02% Weak Downtrend Volatility Expansion Strong bearish
Summary
Mercantile Vent. is in a weak downtrend on the daily chart. RSI(14) is 37.7, MACD is below its signal line, ADX reads 17 (weak trend). Volume in the latest session was 0.0× its 20-day average. Over three months it has underperformed the Nifty 50 by 7.9 percentage points. Nearest resistance is ₹23.14. Its technical score is 8/100 (strong bearish).
🧮 How the 8/100 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 (-4.85)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) (17.09)1/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (37.65)0/6
- MACD line above its signal line0/4
- MACD line above zero (-0.52)0/3
- 12-day rate of change positive (-10.35)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-7.92)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.47)0/5
- More volume on up days than down days (20 sessions) (0.27)0/5
- Close above 20-day VWAP (-11.08)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (9.31)0/6
- Price in the upper half of its Bollinger Bands (0.14)0/5
- Shallow drawdown from the 52-week high (-28.84)1/5
- Volatility contracting (20-day volatility below its 6-month median) (41.20)4/4
- Room to the next resistance (≥8% scores full) (1.94)0/5
- Support close below (a tight, definable stop)0/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-28.84)0/5
🧭 Regime: Weak Downtrend
Volatility Expansion — Bollinger width is in the 83th percentile of the last six months.
Suits: Defensive. Price is below its averages. Oversold bounces happen, but the path of least resistance is lower — wait for a base.
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 MERCANTILE — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▼ Bearish | 37.65 | -0.28 |
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
MERCANTILE ÷ 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 | ₹31.39 | +38.3% | 1 |
| Resistance | ₹29.16 | +28.5% | 2 |
| Resistance | ₹26.75 | +17.8% | 5 |
| Resistance | ₹23.14 | +1.9% | 6 |
| Close | ₹22.70 | — |
52-week range: ₹19.00 – ₹31.90 (-28.84% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹19.00 (2026-04-20) to ₹31.90 (2026-05-11). Price has retraced 71.3% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹28.86 | +27.1% | S/R confluence |
| 38.2% retracement | ₹26.97 | +18.8% | S/R confluence |
| 50.0% retracement | ₹25.45 | +12.1% | |
| 61.8% retracement | ₹23.93 | +5.4% | |
| 78.6% retracement | ₹21.76 | -4.1% | nearest |
| 127.2% extension | ₹35.41 | +56.0% | |
| 161.8% extension | ₹39.87 | +75.7% | |
| 200.0% extension | ₹44.80 | +97.4% |
🕯️ Candlesticks (last 5 sessions)
No classic candlestick pattern in the last five sessions.
↗️ Divergences
- MFI(14) bullish 2026-09-01 → 2026-09-15₹22.25 → ₹21.00
- OBV bearish 2026-08-24 → 2026-09-03₹26.44 → ₹29.37
✅ Screens MERCANTILE 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.
