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MV Electrosystems Limited (MVELECTRO) — Technical Setup
₹730.80 +0.32% Range Normal Volatility Strong bearish
Summary
MV Electrosystems Limited is in a range on the daily chart. RSI(14) is 38.1, MACD is below its signal line, ADX reads 19 (weak trend). Volume in the latest session was 0.3× its 20-day average. Nearest support is ₹556.15 and resistance ₹736.00. Its technical score is 12/100 (strong bearish).
🧮 How the 12/100 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 (-9.76)0/3
- 20-day EMA above 50-day EMA3/3
- 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) (19.33)1/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (38.11)0/6
- MACD line above its signal line0/4
- MACD line above zero (-21.03)0/3
- 12-day rate of change positive (-25.25)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (0.05)5/5
- More volume on up days than down days (20 sessions) (0.99)0/5
- Close above 20-day VWAP (-19.15)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (8.12)0/6
- Price in the upper half of its Bollinger Bands (0.12)0/5
- Shallow drawdown from the 52-week high (-28.00)1/5
- Volatility contracting (20-day volatility below its 6-month median)0/4
- Room to the next resistance (≥8% scores full) (0.71)0/5
- Support close below (a tight, definable stop) (23.90)0/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-28.00)0/5
🧭 Regime: Range
Normal Volatility.
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 MVELECTRO — close below the lower bollinger band (20,2) while above the 200-day sma.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ◆ Neutral | 38.11 | -21.76 |
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
MVELECTRO ÷ 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 | ₹948.00 | +29.7% | 3 |
| Resistance | ₹823.00 | +12.6% | 1 |
| Resistance | ₹781.30 | +6.9% | 1 |
| Resistance | ₹736.00 | +0.7% | 1 |
| Close | ₹730.80 | — | |
| Support | ₹556.15 | −23.9% | 1 |
| Support | ₹516.55 | −29.3% | 1 |
52-week range: ₹516.55 – ₹1,015.00 (-28.00% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹516.55 (2026-08-26) to ₹1,015.00 (2026-10-15). Price has retraced 57.0% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹897.37 | +22.8% | |
| 38.2% retracement | ₹824.59 | +12.8% | S/R confluence |
| 50.0% retracement | ₹765.77 | +4.8% | |
| 61.8% retracement | ₹706.96 | -3.3% | nearest |
| 78.6% retracement | ₹623.22 | -14.7% | |
| 127.2% extension | ₹1,150.58 | +57.4% | |
| 161.8% extension | ₹1,323.04 | +81.0% | |
| 200.0% extension | ₹1,513.45 | +107.1% |
Next Fibonacci time zone: 55 sessions from the swing start ≈ 2026-11-16 (approximate — exchange holidays are not modelled).
🕯️ Candlesticks (last 5 sessions)
- Inverted Hammer 2026-10-27 bullish Weak · 40
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 MVELECTRO 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.
