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Shree Rama Newsprint Limited (RAMANEWS) — Technical Setup
₹26.19 -0.57% Weak Downtrend Volatility Expansion Strong bearish
Summary
Shree Rama Newsprint Limited is in a weak downtrend on the daily chart, with the weekly trend bearish and the monthly trend bearish. RSI(14) is 37.0, MACD is below its signal line, ADX reads 8 (weak trend). The stock trades 15.1% below its 200-day average and 37.6% below its 52-week high. Volume in the latest session was 0.3× its 20-day average. Over three months it has underperformed the Nifty 50 by 24.9 percentage points. Nearest resistance is ₹29.95. Its technical score is 16/100 (strong bearish).
🧮 How the 16/100 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 (-4.97)0/3
- 20-day EMA above 50-day EMA0/3
- 50-day EMA above 200-day EMA0/3
- Close above 200-day SMA (-15.13)0/3
- SuperTrend (10,3) pointing up0/3
- ADX ≥ 20 with +DI above −DI (trend has strength) (8.36)1/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (36.96)0/6
- MACD line above its signal line0/4
- MACD line above zero (-0.99)0/3
- 12-day rate of change positive (-5.52)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-24.87)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.39)0/5
- More volume on up days than down days (20 sessions) (0.45)0/5
- Close above 20-day VWAP (-4.66)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (5.85)2/6
- Price in the upper half of its Bollinger Bands (0.21)2/5
- Shallow drawdown from the 52-week high (-37.64)0/5
- Volatility contracting (20-day volatility below its 6-month median) (49.60)4/4
- Room to the next resistance (≥8% scores full) (14.36)5/5
- 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 (-37.64)0/5
🧭 Regime: Weak Downtrend
Volatility Expansion — Bollinger width is in the 85th 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 RAMANEWS — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | ▼ Bearish | 46.24 | -0.91 |
| Weekly | ▼ Bearish | 35.33 | -0.50 |
| Daily | ▼ Bearish | 36.96 | -0.04 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: Bearish, weekly ADX 15.41.
📶 Volume & VWAP
VWAPs are computed from daily bars (typical price × volume), not intraday ticks.
💪 Relative strength
RAMANEWS ÷ 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 | ₹40.38 | +54.2% | 1 |
| Resistance | ₹36.45 | +39.2% | 1 |
| Resistance | ₹34.75 | +32.7% | 6 |
| Resistance | ₹29.95 | +14.4% | 30 |
| Close | ₹26.19 | — |
52-week range: ₹25.70 – ₹42.00 (-37.64% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹35.00 (2026-08-10) to ₹25.70 (2026-11-09). Price has retraced 5.3% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹27.89 | +6.5% | nearest |
| 38.2% retracement | ₹29.25 | +11.7% | |
| 50.0% retracement | ₹30.35 | +15.9% | |
| 61.8% retracement | ₹31.45 | +20.1% | |
| 78.6% retracement | ₹33.01 | +26.0% | |
| 127.2% extension | ₹23.17 | -11.5% | |
| 161.8% extension | ₹19.95 | -23.8% | |
| 200.0% extension | ₹16.40 | -37.4% |
Next Fibonacci time zone: 89 sessions from the swing start ≈ 2026-12-17 (approximate — exchange holidays are not modelled).
🕯️ Candlesticks (last 5 sessions)
- Tweezer Bottom 2026-11-05 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 RAMANEWS 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.
