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RKEC Projects Limited (RKEC) — Technical Setup
₹20.42 +4.99% Range Normal Volatility Neutral
Summary
RKEC Projects Limited is in a range on the daily chart, with the weekly trend bearish and the monthly trend bearish. RSI(14) is 54.1, MACD is above its signal line, ADX reads 14 (weak trend). The stock trades 34.9% below its 200-day average and 71.4% below its 52-week high. Volume in the latest session was 4.6× its 20-day average. Over three months it has underperformed the Nifty 50 by 17.7 percentage points. Nearest support is ₹17.40 and resistance ₹21.12. Its technical score is 47/100 (neutral).
🧮 How the 47/100 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 (4.84)3/3
- 20-day EMA above 50-day EMA0/3
- 50-day EMA above 200-day EMA0/3
- Close above 200-day SMA (-34.91)0/3
- SuperTrend (10,3) pointing up0/3
- ADX ≥ 20 with +DI above −DI (trend has strength) (14.09)1/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (54.07)4/6
- MACD line above its signal line4/4
- MACD line above zero (-0.57)0/3
- 12-day rate of change positive (3.65)3/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-17.69)0/2
- On-balance volume rising over 20 sessions5/5
- Chaikin Money Flow (20) positive (0.12)5/5
- More volume on up days than down days (20 sessions) (1.23)5/5
- Close above 20-day VWAP (3.24)5/5
- Daily range (ATR%) contained — ≤2.5% scores full (7.17)0/6
- Price in the upper half of its Bollinger Bands (0.73)5/5
- Shallow drawdown from the 52-week high (-71.36)0/5
- Volatility contracting (20-day volatility below its 6-month median) (37.60)4/4
- Room to the next resistance (≥8% scores full) (3.43)1/5
- Support close below (a tight, definable stop) (14.79)0/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-71.36)0/5
🧭 Regime: Range
Normal Volatility — Bollinger width is in the 29th percentile of the last six months.
Suits: Mean reversion / range trading. No directional edge: buy near range support, sell near resistance, and treat breakouts with suspicion until volume confirms them.
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 Bollinger Band Reversion rules for RKEC — close below the lower bollinger band (20,2) while above the 200-day sma.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | ▼ Bearish | 21.94 | -0.69 |
| Weekly | ▼ Bearish | 38.64 | 0.54 |
| Daily | ▼ Bearish | 54.07 | 0.14 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: Bearish, weekly ADX 29.38.
📶 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
RKEC ÷ 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 | ₹34.79 | +70.4% | 1 |
| Resistance | ₹29.09 | +42.5% | 6 |
| Resistance | ₹25.00 | +22.4% | 5 |
| Resistance | ₹21.12 | +3.4% | 1 |
| Close | ₹20.42 | — | |
| Support | ₹17.40 | −14.8% | 1 |
52-week range: ₹17.22 – ₹71.29 (-71.36% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹38.79 (2026-05-08) to ₹17.22 (2026-10-27). Price has retraced 14.8% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹22.31 | +9.3% | nearest |
| 38.2% retracement | ₹25.46 | +24.7% | |
| 50.0% retracement | ₹28.01 | +37.1% | |
| 61.8% retracement | ₹30.55 | +49.6% | |
| 78.6% retracement | ₹34.17 | +67.4% | |
| 127.2% extension | ₹11.35 | -44.4% | |
| 161.8% extension | ₹3.89 | -81.0% |
🕯️ Candlesticks (last 5 sessions)
- Dragonfly Doji 2026-10-30 bullish Moderate · 50
- Bullish Engulfing 2026-10-29 bullish Strong · 80
- Tweezer Bottom 2026-10-29 bullish Strong · 70
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
- RSI(14) bullish 2026-09-22 → 2026-10-27₹17.40 → ₹17.22
- OBV bullish 2026-09-22 → 2026-10-27₹17.40 → ₹17.22
- MFI(14) bullish 2026-09-22 → 2026-10-27₹17.40 → ₹17.22
✅ Screens RKEC passes today
| Stock | Close | Chg | Score | Trend regime | RS rating (1-99) |
|---|---|---|---|---|---|
| GESHIPThe Great Eastern Shipping Company Limited | ₹1,600.40 | +0.43% | 91 | Strong Uptrend | 87.00 |
| SHREEJISPGShreeji Shipping Global Limited | ₹873.65 | +3.60% | 89 | Strong Uptrend | 98.00 |
| ADANIPORTSAdani Ports and Special Economic Zone Limited | ₹1,854.00 | +0.22% | 88 | Uptrend | 83.00 |
| BHARTIARTLBharti Airtel Limited | ₹1,989.90 | +0.82% | 86 | Strong Uptrend | 66.00 |
| CEIGALLCeigall India Limited | ₹392.45 | +0.58% | 84 | Uptrend | 88.00 |
| BHARTIHEXABharti Hexacom Limited | ₹1,680.70 | +2.72% | 79 | Uptrend | 69.00 |
| OMFREIGHTOm Freight Forwarders Limited | ₹122.25 | +8.66% | 79 | Strong Uptrend | 90.00 |
| AJMERAAjmera Realty & Infra India Limited | ₹132.48 | -0.08% | 77 | Uptrend | 55.00 |
| LTLarsen & Toubro Limited | ₹3,939.90 | +1.76% | 76 | Range | 67.00 |
| NAZARANazara Technologies Limited | ₹401.65 | +0.71% | 76 | Uptrend | 91.00 |
⚠️ 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.