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Modis Navnirman Limited (MODIS) — Technical Setup
₹352.40 +0.96% Weak Downtrend Normal Volatility Bearish
Summary
Modis Navnirman Limited is in a weak downtrend on the daily chart. RSI(14) is 34.6, MACD is below its signal line, ADX reads 22. The stock trades 1.9% above its 200-day average and 17.9% below its 52-week high. Volume in the latest session was 0.4× its 20-day average. Over three months it has outperformed the Nifty 50 by 6.6 percentage points. Nearest support is ₹341.00 and resistance ₹360.60. Its technical score is 29/100 (bearish).
🧮 How the 29/100 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 (-4.90)0/3
- 20-day EMA above 50-day EMA0/3
- 50-day EMA above 200-day EMA3/3
- Close above 200-day SMA (1.93)3/3
- SuperTrend (10,3) pointing up0/3
- ADX ≥ 20 with +DI above −DI (trend has strength) (22.45)0/3
- Weekly trend up (above a rising 30-week average)2/2
- RSI(14) in the bullish zone (55-70 best) (34.65)0/6
- MACD line above its signal line0/4
- MACD line above zero (-8.95)0/3
- 12-day rate of change positive (-7.04)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (6.61)2/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.07)0/5
- More volume on up days than down days (20 sessions) (0.83)0/5
- Close above 20-day VWAP (-7.88)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (3.84)4/6
- Price in the upper half of its Bollinger Bands (0.09)0/5
- Shallow drawdown from the 52-week high (-17.87)3/5
- Volatility contracting (20-day volatility below its 6-month median) (28.80)4/4
- Room to the next resistance (≥8% scores full) (2.33)1/5
- Support close below (a tight, definable stop) (3.23)5/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-17.87)0/5
🧭 Regime: Weak Downtrend
Normal Volatility — Bollinger width is in the 54th 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 MODIS — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | ▲ Bullish | 44.63 | -0.46 |
| Daily | ▼ Bearish | 34.65 | -3.22 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: Bullish, weekly ADX 22.94.
📶 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
MODIS ÷ 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 | ₹424.90 | +20.6% | 3 |
| Resistance | ₹415.10 | +17.8% | 1 |
| Resistance | ₹387.77 | +10.0% | 2 |
| Resistance | ₹360.60 | +2.3% | 8 |
| Close | ₹352.40 | — | |
| Support | ₹341.00 | −3.2% | 1 |
| Support | ₹325.00 | −7.8% | 5 |
| Support | ₹304.75 | −13.5% | 2 |
| Support | ₹291.60 | −17.2% | 3 |
52-week range: ₹276.00 – ₹429.05 (-17.87% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹291.60 (2026-04-13) to ₹429.05 (2026-07-23). Price has retraced 55.8% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹396.61 | +12.6% | |
| 38.2% retracement | ₹376.54 | +6.8% | |
| 50.0% retracement | ₹360.33 | +2.2% | S/R confluence nearest |
| 61.8% retracement | ₹344.11 | -2.4% | S/R confluence |
| 78.6% retracement | ₹321.01 | -8.9% | |
| 127.2% extension | ₹466.44 | +32.4% | |
| 161.8% extension | ₹513.99 | +45.9% | |
| 200.0% extension | ₹566.50 | +60.8% |
🕯️ Candlesticks (last 5 sessions)
- Hammer 2026-09-18 bullish Strong · 80
- Bullish Harami 2026-09-18 bullish Strong · 70
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 MODIS passes today
| Stock | Close | Chg | Score | Trend regime | RS rating (1-99) |
|---|---|---|---|---|---|
| LOTUSDEVSri Lotus Developers and Realty Limited | ₹215.13 | +0.82% | 84 | Strong Uptrend | 90.00 |
| NIMBSPROJNimbus Projects Limited | ₹185.46 | +0.94% | 64 | Range | — |
| RAYMONDRELRaymond Realty Limited | ₹588.30 | +0.64% | 60 | Weak Downtrend | 62.00 |
| ARIHANTArih.Found.Hsg. | ₹936.35 | +4.42% | 36 | Range | — |
| ELPROINTLElpro Internatio | ₹172.53 | -0.42% | 36 | Range | — |
| GANESHHOUGANESH HOUSING LIMITED | ₹741.45 | -1.36% | 30 | Weak Downtrend | 49.00 |
| KALPATARUKalpataru Limited | ₹274.45 | +6.71% | 30 | Weak Downtrend | 16.00 |
| DHARANDHARAN INFRA-EPC LIMITED | ₹0.14 | +7.69% | 22 | Strong Downtrend | 5.00 |
| HBESDHB Estate Devel. | ₹73.57 | +2.74% | 18 | Strong Downtrend | — |
| NATIONSTDNational Standar | ₹109.94 | -1.66% | 15 | Strong Downtrend | — |
⚠️ 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.
