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Praveg (PRAVEG) — Technical Setup
₹204.95 -2.95% Strong Downtrend Normal Volatility Strong bearish
Summary
Praveg is in a strong downtrend on the daily chart. RSI(14) is 35.7, MACD is above its signal line, ADX reads 38 (trending). Volume in the latest session was 1.2× its 20-day average. Over three months it has underperformed the Nifty 50 by 28.5 percentage points. Nearest resistance is ₹210.40. 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 (-5.46)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) (37.84)0/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (35.71)0/6
- MACD line above its signal line4/4
- MACD line above zero (-9.42)0/3
- 12-day rate of change positive (-7.08)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-28.54)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.19)0/5
- More volume on up days than down days (20 sessions) (0.85)0/5
- Close above 20-day VWAP (-5.05)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (4.93)2/6
- Price in the upper half of its Bollinger Bands (0.19)0/5
- Shallow drawdown from the 52-week high (-36.94)0/5
- Volatility contracting (20-day volatility below its 6-month median) (16.50)4/4
- Room to the next resistance (≥8% scores full) (2.66)1/5
- Support close below (a tight, definable stop)0/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-36.94)0/5
🧭 Regime: Strong Downtrend
Normal Volatility — Bollinger width is in the 52th percentile of the last six months.
Suits: Avoid longs / trend-following shorts. A strong downtrend: rallies are usually sold. Long setups need a completed reversal pattern first.
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 PRAVEG — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▼ Bearish | 35.71 | 0.28 |
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
PRAVEG ÷ 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 | ₹245.00 | +19.5% | 3 |
| Resistance | ₹230.00 | +12.2% | 1 |
| Resistance | ₹221.15 | +7.9% | 1 |
| Resistance | ₹210.40 | +2.7% | 1 |
| Close | ₹204.95 | — |
52-week range: ₹202.00 – ₹325.00 (-36.94% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹313.00 (2026-07-27) to ₹202.00 (2026-11-06). Price has retraced 2.7% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹228.20 | +11.3% | S/R confluence nearest |
| 38.2% retracement | ₹244.40 | +19.2% | S/R confluence |
| 50.0% retracement | ₹257.50 | +25.6% | |
| 61.8% retracement | ₹270.60 | +32.0% | |
| 78.6% retracement | ₹289.25 | +41.1% | |
| 127.2% extension | ₹171.81 | -16.2% | |
| 161.8% extension | ₹133.40 | -34.9% | |
| 200.0% extension | ₹91.00 | -55.6% |
Next Fibonacci time zone: 89 sessions from the swing start ≈ 2026-12-03 (approximate — exchange holidays are not modelled).
🕯️ Candlesticks (last 5 sessions)
- Bearish Marubozu 2026-11-12 bearish Strong · 70
- Piercing Pattern 2026-11-11 bullish Moderate · 50
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 PRAVEG 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.
