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Mercantile Vent. (MERCANTILE) — Technical Setup
₹20.69 -1.48% Weak Downtrend Normal Volatility Strong bearish
Summary
Mercantile Vent. is in a weak downtrend on the daily chart. RSI(14) is 43.6, MACD is above its signal line, ADX reads 11 (weak trend). Volume in the latest session was 0.1× its 20-day average. Over three months it has underperformed the Nifty 50 by 19.4 percentage points. Nearest resistance is ₹23.33. Its technical score is 24/100 (strong bearish).
🧮 How the 24/100 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 (-3.76)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) (11.42)1/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (43.61)2/6
- MACD line above its signal line4/4
- MACD line above zero (-0.37)0/3
- 12-day rate of change positive (-2.45)0/3
- Stochastic %K above %D0/2
- Outperforming the Nifty 50 over 3 months (-19.38)0/2
- On-balance volume rising over 20 sessions5/5
- Chaikin Money Flow (20) positive (-0.38)0/5
- More volume on up days than down days (20 sessions) (22.81)5/5
- Close above 20-day VWAP (-10.04)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (9.34)0/6
- Price in the upper half of its Bollinger Bands (0.21)2/5
- Shallow drawdown from the 52-week high (-35.14)0/5
- Volatility contracting (20-day volatility below its 6-month median) (79.20)0/4
- Room to the next resistance (≥8% scores full) (12.76)5/5
- 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 (-35.14)0/5
🧭 Regime: Weak Downtrend
Normal Volatility — Bollinger width is in the 69th 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 | 43.61 | 0.01 |
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. Price fell over 20 sessions while OBV rose (bullish price-volume divergence).
💪 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 | +51.7% | 1 |
| Resistance | ₹29.16 | +40.9% | 2 |
| Resistance | ₹23.33 | +12.8% | 18 |
| Close | ₹20.69 | — |
52-week range: ₹19.00 – ₹31.90 (-35.14% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹31.90 (2026-05-12) to ₹19.65 (2026-10-23). Price has retraced 8.5% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹22.54 | +8.9% | nearest |
| 38.2% retracement | ₹24.33 | +17.6% | |
| 50.0% retracement | ₹25.77 | +24.6% | |
| 61.8% retracement | ₹27.22 | +31.6% | |
| 78.6% retracement | ₹29.28 | +41.5% | S/R confluence |
| 127.2% extension | ₹16.32 | -21.1% | |
| 161.8% extension | ₹12.08 | -41.6% | |
| 200.0% extension | ₹7.40 | -64.2% |
🕯️ Candlesticks (last 5 sessions)
- Doji 2026-11-09 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 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.
