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Paul Merchants (PML) — Technical Setup
₹452.80 -0.31% Weak Downtrend Volatility Expansion Strong bearish
Summary
Paul Merchants is in a weak downtrend on the daily chart. RSI(14) is 44.6, MACD is below its signal line, ADX reads 13 (weak trend). Volume in the latest session was 1.2× its 20-day average. Over three months it has underperformed the Nifty 50 by 6.4 percentage points. Nearest support is ₹418.05 and resistance ₹504.75. Its technical score is 19/100 (strong bearish).
🧮 How the 19/100 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 (-2.63)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) (12.85)1/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (44.59)2/6
- MACD line above its signal line0/4
- MACD line above zero (-7.87)0/3
- 12-day rate of change positive (-5.67)0/3
- Stochastic %K above %D0/2
- Outperforming the Nifty 50 over 3 months (-6.38)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (0.22)5/5
- More volume on up days than down days (20 sessions) (0.92)0/5
- Close above 20-day VWAP (-2.56)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (6.18)0/6
- Price in the upper half of its Bollinger Bands (0.24)2/5
- Shallow drawdown from the 52-week high (-29.80)1/5
- Volatility contracting (20-day volatility below its 6-month median) (97.40)0/4
- Room to the next resistance (≥8% scores full) (11.47)5/5
- Support close below (a tight, definable stop) (7.67)3/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-29.80)0/5
🧭 Regime: Weak Downtrend
Volatility Expansion — Bollinger width is in the 82th 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 PML — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▼ Bearish | 44.59 | -0.76 |
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.
💪 Relative strength
PML ÷ 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 | ₹580.00 | +28.1% | 1 |
| Resistance | ₹504.75 | +11.5% | 15 |
| Close | ₹452.80 | — | |
| Support | ₹418.05 | −7.7% | 1 |
52-week range: ₹418.05 – ₹645.00 (-29.80% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹597.95 (2026-05-07) to ₹418.05 (2026-10-23). Price has retraced 19.3% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹460.51 | +1.7% | nearest |
| 38.2% retracement | ₹486.77 | +7.5% | |
| 50.0% retracement | ₹508.00 | +12.2% | S/R confluence |
| 61.8% retracement | ₹529.23 | +16.9% | |
| 78.6% retracement | ₹559.45 | +23.6% | |
| 127.2% extension | ₹369.12 | -18.5% | |
| 161.8% extension | ₹306.87 | -32.2% | |
| 200.0% extension | ₹238.15 | -47.4% |
🕯️ Candlesticks (last 5 sessions)
- Doji 2026-10-29 neutral Weak · 20
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
- RSI(14) bullish 2026-10-08 → 2026-10-23₹453.50 → ₹418.05
- MACD histogram bearish 2026-10-16 → 2026-10-27₹488.85 → ₹506.75
- MFI(14) bearish 2026-10-16 → 2026-10-27₹488.85 → ₹506.75
✅ Screens PML passes today
| Stock | Close | Chg | Score | Trend regime | RS rating (1-99) |
|---|---|---|---|---|---|
| ANANDRATHIAnand Rathi Wealth Limited | ₹2,276.90 | +1.11% | 94 | Strong Uptrend | 87.00 |
| GCSLGretex Corporate Services Limited | ₹770.65 | +0.42% | 88 | Strong Uptrend | 98.00 |
| CONSOFINVTConsolidated Finvest & Holdings Limited | ₹310.00 | -0.03% | 87 | Uptrend | 91.00 |
| 21STCENMGM21st Century Management Services Limited | ₹60.71 | +5.00% | 84 | Strong Uptrend | 93.00 |
| IIFLCAPSIIFL Capital Services Limited | ₹348.00 | +0.04% | 84 | Uptrend | 69.00 |
| ALGOQUANTAlgoquant Fintech Limited | ₹78.36 | +2.81% | 82 | Strong Uptrend | 85.00 |
| SATINSatin Creditcare Network Limited | ₹237.37 | -0.64% | 81 | Uptrend | 87.00 |
| ONELIFECAPOnelife Capital Advisors Limited | ₹54.50 | -1.50% | 79 | Strong Uptrend | 99.00 |
| BSEBSE Limited | ₹3,490.00 | -0.58% | 77 | Range | 77.00 |
| SGFINSG Finserve Limited | ₹685.20 | -0.55% | 77 | Uptrend | 90.00 |
⚠️ 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.
