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Munjal Showa Limited (MUNJALSHOW) — Technical Setup
₹121.59 +0.21% Range Volatility Contraction Bearish
Summary
Munjal Showa Limited is in a range on the daily chart, with the weekly trend bearish and the monthly trend neutral. RSI(14) is 46.9, MACD is above its signal line, ADX reads 17 (weak trend). The stock trades 5.1% below its 200-day average and 17.3% below its 52-week high. Volume in the latest session was 0.7× its 20-day average. Over three months it has underperformed the Nifty 50 by 7.6 percentage points. Nearest support is ₹114.03 and resistance ₹126.18. Its technical score is 27/100 (bearish).
🧮 How the 27/100 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 (-0.47)0/3
- 20-day EMA above 50-day EMA0/3
- 50-day EMA above 200-day EMA0/3
- Close above 200-day SMA (-5.14)0/3
- SuperTrend (10,3) pointing up0/3
- ADX ≥ 20 with +DI above −DI (trend has strength) (17.14)1/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (46.87)2/6
- MACD line above its signal line4/4
- MACD line above zero (-1.48)0/3
- 12-day rate of change positive (-1.63)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-7.61)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.21)0/5
- More volume on up days than down days (20 sessions) (1.29)5/5
- Close above 20-day VWAP (-0.30)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (3.41)4/6
- Price in the upper half of its Bollinger Bands (0.50)2/5
- Shallow drawdown from the 52-week high (-17.34)3/5
- Volatility contracting (20-day volatility below its 6-month median) (51.20)0/4
- Room to the next resistance (≥8% scores full) (3.77)1/5
- Support close below (a tight, definable stop) (6.22)3/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-17.34)0/5
🧭 Regime: Range
Volatility Contraction — Bollinger width is in the 18th percentile of the last six months.
Suits: Mean reversion / range trading. No directional edge: buy near range support, sell near resistance, and treat breakouts with suspicion until volume confirms them.
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 Bollinger Band Reversion rules for MUNJALSHOW — close below the lower bollinger band (20,2) while above the 200-day sma.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | ◆ Neutral | 36.65 | 1.25 |
| Weekly | ▼ Bearish | 41.52 | -1.25 |
| Daily | ▼ Bearish | 46.87 | 0.44 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: Bullish, weekly ADX 19.17.
📶 Volume & VWAP
VWAPs are computed from daily bars (typical price × volume), not intraday ticks.
💪 Relative strength
MUNJALSHOW ÷ 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 | ₹144.20 | +18.6% | 4 |
| Resistance | ₹138.49 | +13.9% | 5 |
| Resistance | ₹132.50 | +9.0% | 7 |
| Resistance | ₹126.18 | +3.8% | 6 |
| Close | ₹121.59 | — | |
| Support | ₹114.03 | −6.2% | 2 |
| Support | ₹110.30 | −9.3% | 1 |
52-week range: ₹110.30 – ₹147.10 (-17.34% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹147.10 (2026-08-03) to ₹113.81 (2026-10-23). Price has retraced 23.4% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹121.67 | +0.1% | nearest |
| 38.2% retracement | ₹126.53 | +4.1% | S/R confluence |
| 50.0% retracement | ₹130.45 | +7.3% | |
| 61.8% retracement | ₹134.38 | +10.5% | |
| 78.6% retracement | ₹139.98 | +15.1% | S/R confluence |
| 127.2% extension | ₹104.76 | -13.8% | |
| 161.8% extension | ₹93.24 | -23.3% | |
| 200.0% extension | ₹80.52 | -33.8% |
Next Fibonacci time zone: 89 sessions from the swing start ≈ 2026-12-09 (approximate — exchange holidays are not modelled).
🕯️ Candlesticks (last 5 sessions)
No classic candlestick pattern in the last five sessions.
↗️ Divergences
- RSI(14) bullish 2026-10-09 → 2026-10-23₹119.29 → ₹113.81
- MACD histogram bullish 2026-10-09 → 2026-10-23₹119.29 → ₹113.81
- Stochastic %K bullish 2026-10-09 → 2026-10-23₹119.29 → ₹113.81
✅ Screens MUNJALSHOW 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.
