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RMC Switchgears Limited (RMC) — Technical Setup
₹178.73 +1.94% Strong Downtrend Normal Volatility Strong bearish
Summary
RMC Switchgears Limited is in a strong downtrend on the daily chart. RSI(14) is 38.4, MACD is above its signal line, ADX reads 29 (trending). Volume in the latest session was 1.4× its 20-day average. Over three months it has underperformed the Nifty 50 by 40.3 percentage points. Nearest resistance is ₹182.56. Its technical score is 15/100 (strong bearish).
🧮 How the 15/100 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 (-4.18)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) (28.83)0/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (38.35)0/6
- MACD line above its signal line4/4
- MACD line above zero (-8.88)0/3
- 12-day rate of change positive (-7.11)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-40.27)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.11)0/5
- More volume on up days than down days (20 sessions) (0.89)0/5
- Close above 20-day VWAP (-6.14)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (5.92)2/6
- Price in the upper half of its Bollinger Bands (0.27)2/5
- Shallow drawdown from the 52-week high (-66.28)0/5
- Volatility contracting (20-day volatility below its 6-month median) (16.80)4/4
- Room to the next resistance (≥8% scores full) (2.14)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 (-66.28)0/5
🧭 Regime: Strong Downtrend
Normal Volatility — Bollinger width is in the 33th 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 RMC — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | ▼ Bearish | 39.57 | -1.99 |
| Daily | ▼ Bearish | 38.35 | 0.03 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: Bearish, weekly ADX 15.96.
📶 Volume & VWAP
VWAPs are computed from daily bars (typical price × volume), not intraday ticks.
💪 Relative strength
RMC ÷ 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 | ₹245.40 | +37.3% | 3 |
| Resistance | ₹218.78 | +22.4% | 2 |
| Resistance | ₹194.10 | +8.6% | 1 |
| Resistance | ₹182.56 | +2.1% | 1 |
| Close | ₹178.73 | — |
52-week range: ₹170.00 – ₹530.00 (-66.28% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹470.00 (2026-05-13) to ₹170.00 (2026-11-06). Price has retraced 2.9% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹240.80 | +34.7% | nearest |
| 38.2% retracement | ₹284.60 | +59.2% | |
| 50.0% retracement | ₹320.00 | +79.0% | |
| 61.8% retracement | ₹355.40 | +98.8% | |
| 78.6% retracement | ₹405.80 | +127.0% | |
| 127.2% extension | ₹88.40 | -50.5% |
🕯️ Candlesticks (last 5 sessions)
- Doji 2026-11-12 neutral Weak · 35
- Inverted Hammer 2026-11-11 bullish Moderate · 65
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 RMC 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.
