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Pradeep Metals (PRADPME) — Technical Setup
₹453.50 +0.55% Weak Downtrend Normal Volatility Strong bearish
Summary
Pradeep Metals is in a weak downtrend on the daily chart. RSI(14) is 29.2, MACD is below its signal line, ADX reads 23. Volume in the latest session was 0.5× its 20-day average. Over three months it has underperformed the Nifty 50 by 9.7 percentage points. Nearest support is ₹415.77 and resistance ₹480.25. Its technical score is 13/100 (strong bearish).
🧮 How the 13/100 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 (-6.20)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) (23.14)0/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (29.19)0/6
- MACD line above its signal line0/4
- MACD line above zero (-13.73)0/3
- 12-day rate of change positive (-7.52)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-9.70)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.22)0/5
- More volume on up days than down days (20 sessions) (0.25)0/5
- Close above 20-day VWAP (-7.18)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (4.19)2/6
- Price in the upper half of its Bollinger Bands (0.03)0/5
- Shallow drawdown from the 52-week high (-23.91)1/5
- Volatility contracting (20-day volatility below its 6-month median) (15.30)4/4
- Room to the next resistance (≥8% scores full) (5.90)3/5
- Support close below (a tight, definable stop) (8.32)1/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-23.91)0/5
🧭 Regime: Weak Downtrend
Normal Volatility — Bollinger width is in the 49th 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 PRADPME — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▼ Bearish | 29.19 | -4.49 |
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
PRADPME ÷ 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 | ₹543.90 | +19.9% | 1 |
| Resistance | ₹525.90 | +16.0% | 1 |
| Resistance | ₹500.05 | +10.3% | 1 |
| Resistance | ₹480.25 | +5.9% | 3 |
| Close | ₹453.50 | — | |
| Support | ₹415.77 | −8.3% | 2 |
| Support | ₹395.00 | −12.9% | 1 |
| Support | ₹363.80 | −19.8% | 2 |
52-week range: ₹357.05 – ₹596.00 (-23.91% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹357.05 (2026-04-22) to ₹596.00 (2026-06-29). Price has retraced 59.6% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹539.61 | +19.0% | S/R confluence |
| 38.2% retracement | ₹504.72 | +11.3% | S/R confluence |
| 50.0% retracement | ₹476.52 | +5.1% | S/R confluence |
| 61.8% retracement | ₹448.33 | -1.1% | nearest |
| 78.6% retracement | ₹408.19 | -10.0% | |
| 127.2% extension | ₹660.99 | +45.8% | |
| 161.8% extension | ₹743.67 | +64.0% | |
| 200.0% extension | ₹834.95 | +84.1% |
🕯️ Candlesticks (last 5 sessions)
- Inverted Hammer 2026-09-18 bullish Moderate · 50
- Bearish Marubozu 2026-09-16 bearish Moderate · 45
- Doji 2026-09-11 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 PRADPME passes today
| Stock | Close | Chg | Score | Trend regime | RS rating (1-99) |
|---|---|---|---|---|---|
| SANSERASansera Engineering Limited | ₹4,260 | +6.03% | 90 | Strong Uptrend | 97.00 |
| TALBROAUTOTalbros Automotive Components Limited | ₹476.70 | +9.54% | 86 | Uptrend | 92.00 |
| VELJANVeljan Denison | ₹1,941 | -1.87% | 85 | Strong Uptrend | — |
| KROSSKross Limited | ₹239.19 | -1.18% | 84 | Strong Uptrend | 81.00 |
| RMLRane (Madras) Limited | ₹1,324 | +3.33% | 80 | Strong Uptrend | 92.00 |
| MENONBEMenon Bearings Limited | ₹316.85 | +3.87% | 77 | Strong Uptrend | 98.00 |
| RACLGEARRACL Geartech Limited | ₹1,761 | -3.72% | 77 | Strong Uptrend | 92.00 |
| SHARDAMOTRSharda Motor Industries Limited | ₹967.05 | +1.97% | 77 | Strong Uptrend | 66.00 |
| VARROCVarroc Engineering Limited | ₹861.55 | +1.82% | 77 | Strong Uptrend | 89.00 |
| LGBBROSLTDLG Balakrishnan & Bros Limited | ₹1,730 | +0.69% | 75 | Uptrend | 65.00 |
⚠️ 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.
