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Praveg (PRAVEG) — Technical Setup
₹247.45 -1.83% Weak Downtrend Volatility Contraction Bearish
Summary
Praveg is in a weak downtrend on the daily chart. RSI(14) is 37.6, MACD is below its signal line, ADX reads 14 (weak trend). Volume in the latest session was 0.5× its 20-day average. Over three months it has outperformed the Nifty 50 by 9.0 percentage points. Nearest support is ₹244.75 and resistance ₹259.99. Its technical score is 28/100 (bearish).
🧮 How the 28/100 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 (-5.50)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) (14.12)1/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (37.57)0/6
- MACD line above its signal line0/4
- MACD line above zero (-4.19)0/3
- 12-day rate of change positive (-6.96)0/3
- Stochastic %K above %D0/2
- Outperforming the Nifty 50 over 3 months (9.00)2/2
- 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) (2.67)5/5
- Close above 20-day VWAP (-7.07)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (4.88)2/6
- Price in the upper half of its Bollinger Bands (-0.06)0/5
- Shallow drawdown from the 52-week high (-23.86)1/5
- Volatility contracting (20-day volatility below its 6-month median) (0.00)4/4
- Room to the next resistance (≥8% scores full) (5.07)3/5
- Support close below (a tight, definable stop) (1.09)5/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-23.86)0/5
🧭 Regime: Weak Downtrend
Volatility Contraction — Bollinger width is in the 12th 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 PRAVEG — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▼ Bearish | 37.57 | -1.73 |
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. Price fell over 20 sessions while OBV rose (bullish price-volume divergence).
💪 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 | ₹325.00 | +31.3% | 1 |
| Resistance | ₹313.00 | +26.5% | 1 |
| Resistance | ₹281.00 | +13.6% | 3 |
| Resistance | ₹259.99 | +5.1% | 2 |
| Close | ₹247.45 | — | |
| Support | ₹244.75 | −1.1% | 2 |
| Support | ₹221.15 | −10.6% | 1 |
| Support | ₹210.40 | −15.0% | 1 |
52-week range: ₹210.40 – ₹325.00 (-23.86% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹325.00 (2026-04-29) to ₹210.40 (2026-06-11). Price has retraced 32.3% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹237.45 | -4.0% | |
| 38.2% retracement | ₹254.18 | +2.7% | nearest |
| 50.0% retracement | ₹267.70 | +8.2% | |
| 61.8% retracement | ₹281.22 | +13.7% | S/R confluence |
| 78.6% retracement | ₹300.48 | +21.4% | |
| 127.2% extension | ₹179.23 | -27.6% | |
| 161.8% extension | ₹139.58 | -43.6% | |
| 200.0% extension | ₹95.80 | -61.3% |
🕯️ Candlesticks (last 5 sessions)
No classic candlestick pattern in the last five sessions.
↗️ 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.
