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RMC Switchgears Limited (RMC) — Technical Setup
₹228.18 -0.43% Strong Downtrend Normal Volatility Strong bearish
Summary
RMC Switchgears Limited is in a strong downtrend on the daily chart. RSI(14) is 44.2, MACD is above its signal line, ADX reads 29 (trending). Volume in the latest session was 0.6× its 20-day average. Over three months it has underperformed the Nifty 50 by 33.4 percentage points. Nearest support is ₹220.05 and resistance ₹246.15. Its technical score is 18/100 (strong bearish).
🧮 How the 18/100 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 (-2.04)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) (29.18)0/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (44.18)2/6
- MACD line above its signal line4/4
- MACD line above zero (-14.88)0/3
- 12-day rate of change positive (-1.84)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-33.35)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.29)0/5
- More volume on up days than down days (20 sessions) (0.57)0/5
- Close above 20-day VWAP (-0.61)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (7.00)0/6
- Price in the upper half of its Bollinger Bands (0.44)2/5
- Shallow drawdown from the 52-week high (-56.95)0/5
- Volatility contracting (20-day volatility below its 6-month median) (50.00)0/4
- Room to the next resistance (≥8% scores full) (7.88)3/5
- Support close below (a tight, definable stop) (3.56)5/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-56.95)0/5
🧭 Regime: Strong Downtrend
Normal Volatility — Bollinger width is in the 42th 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 | — | — | — |
| Daily | ▼ Bearish | 44.18 | 1.36 |
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
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 | ₹367.50 | +61.1% | 2 |
| Resistance | ₹324.00 | +42.0% | 1 |
| Resistance | ₹285.00 | +24.9% | 1 |
| Resistance | ₹246.15 | +7.9% | 2 |
| Close | ₹228.18 | — | |
| Support | ₹220.05 | −3.6% | 1 |
52-week range: ₹194.10 – ₹530.00 (-56.95% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹530.00 (2026-04-23) to ₹194.10 (2026-09-16). Price has retraced 10.2% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹273.37 | +19.8% | nearest |
| 38.2% retracement | ₹322.41 | +41.3% | S/R confluence |
| 50.0% retracement | ₹362.05 | +58.7% | |
| 61.8% retracement | ₹401.69 | +76.0% | |
| 78.6% retracement | ₹458.12 | +100.8% | |
| 127.2% extension | ₹102.74 | -55.0% |
🕯️ Candlesticks (last 5 sessions)
- Bullish Harami 2026-09-16 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 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.
