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Sh. Ajit Pulp (SAPPL) — Technical Setup
₹276.15 -0.93% Range Volatility Contraction Strong bearish
Summary
Sh. Ajit Pulp is in a range on the daily chart. RSI(14) is 44.3, MACD is below its signal line, ADX reads 13 (weak trend). Volume in the latest session was 1.1× its 20-day average. Over three months it has outperformed the Nifty 50 by 3.3 percentage points. Nearest resistance is ₹288.00. 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 (-2.46)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) (12.80)1/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (44.31)2/6
- MACD line above its signal line0/4
- MACD line above zero (-1.88)0/3
- 12-day rate of change positive (-4.50)0/3
- Stochastic %K above %D0/2
- Outperforming the Nifty 50 over 3 months (3.27)2/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.22)0/5
- More volume on up days than down days (20 sessions) (0.42)0/5
- Close above 20-day VWAP (-3.05)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (6.51)0/6
- Price in the upper half of its Bollinger Bands (0.15)0/5
- Shallow drawdown from the 52-week high (-17.39)3/5
- Volatility contracting (20-day volatility below its 6-month median) (6.00)4/4
- Room to the next resistance (≥8% scores full) (4.29)3/5
- 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 (-17.39)0/5
🧭 Regime: Range
Volatility Contraction — Bollinger width is in the 11th 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 SAPPL — close below the lower bollinger band (20,2) while above the 200-day sma.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▼ Bearish | 44.31 | -0.56 |
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. Volume has dried up to under 60% of normal.
💪 Relative strength
SAPPL ÷ 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 | ₹333.62 | +20.8% | 2 |
| Resistance | ₹288.00 | +4.3% | 13 |
| Close | ₹276.15 | — |
52-week range: ₹252.00 – ₹334.30 (-17.39% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹252.00 (2026-07-01) to ₹334.30 (2026-07-09). Price has retraced 70.7% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹314.88 | +14.0% | |
| 38.2% retracement | ₹302.86 | +9.7% | |
| 50.0% retracement | ₹293.15 | +6.2% | |
| 61.8% retracement | ₹283.44 | +2.6% | |
| 78.6% retracement | ₹269.61 | -2.4% | nearest |
| 127.2% extension | ₹356.69 | +29.2% | |
| 161.8% extension | ₹385.16 | +39.5% | |
| 200.0% extension | ₹416.60 | +50.9% |
Next Fibonacci time zone: 89 sessions from the swing start ≈ 2026-11-04 (approximate — exchange holidays are not modelled).
🕯️ Candlesticks (last 5 sessions)
- Hanging Man 2026-09-15 bearish Moderate · 60
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 SAPPL 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.
