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Rajapalayam Mill (RAJPALAYAM) — Technical Setup
₹790.65 +2.52% Strong Downtrend Normal Volatility Bearish
Summary
Rajapalayam Mill is in a strong downtrend on the daily chart. RSI(14) is 49.2, MACD is below its signal line, ADX reads 35 (trending). Volume in the latest session was 0.2× its 20-day average. Over three months it has underperformed the Nifty 50 by 2.0 percentage points. Nearest support is ₹742.30 and resistance ₹801.00. 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 (0.36)3/3
- 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) (34.64)0/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (49.17)2/6
- MACD line above its signal line0/4
- MACD line above zero (-13.16)0/3
- 12-day rate of change positive (-2.39)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-1.96)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.31)0/5
- More volume on up days than down days (20 sessions) (0.78)0/5
- Close above 20-day VWAP (0.40)5/5
- Daily range (ATR%) contained — ≤2.5% scores full (3.11)4/6
- Price in the upper half of its Bollinger Bands (0.49)2/5
- Shallow drawdown from the 52-week high (-9.64)5/5
- Volatility contracting (20-day volatility below its 6-month median) (60.00)0/4
- Room to the next resistance (≥8% scores full) (1.31)0/5
- Support close below (a tight, definable stop) (6.12)3/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-9.64)2/5
🧭 Regime: Strong Downtrend
Normal Volatility — Bollinger width is in the 69th 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 RAJPALAYAM — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▼ Bearish | 49.17 | -0.55 |
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
RAJPALAYAM ÷ 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 | ₹875.00 | +10.7% | 3 |
| Resistance | ₹855.48 | +8.2% | 4 |
| Resistance | ₹819.65 | +3.7% | 1 |
| Resistance | ₹801.00 | +1.3% | 3 |
| Close | ₹790.65 | — | |
| Support | ₹742.30 | −6.1% | 2 |
52-week range: ₹314.45 – ₹875.00 (-9.64% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹314.45 (2026-04-15) to ₹875.00 (2026-06-02). Price has retraced 15.1% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹742.71 | -6.1% | S/R confluence nearest |
| 38.2% retracement | ₹660.87 | -16.4% | |
| 50.0% retracement | ₹594.73 | -24.8% | |
| 61.8% retracement | ₹528.58 | -33.1% | |
| 78.6% retracement | ₹434.41 | -45.1% | |
| 127.2% extension | ₹1,027.47 | +29.9% | |
| 161.8% extension | ₹1,221.42 | +54.5% | |
| 200.0% extension | ₹1,435.55 | +81.6% |
🕯️ Candlesticks (last 5 sessions)
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
- Stochastic %K bullish 2026-08-24 → 2026-09-10₹801.00 → ₹735.60
✅ Screens RAJPALAYAM 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.
