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Sh. Bajrang All. (SHBAJRG) — Technical Setup
₹160.90 +0.57% Range Normal Volatility Bearish
Summary
Sh. Bajrang All. is in a range on the daily chart. RSI(14) is 51.7, MACD is above its signal line, ADX reads 18 (weak trend). Volume in the latest session was 0.3× its 20-day average. Over three months it has underperformed the Nifty 50 by 7.3 percentage points. Nearest support is ₹150.50 and resistance ₹176.50. Its technical score is 38/100 (bearish).
🧮 How the 38/100 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 (1.71)3/3
- 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) (17.70)1/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (51.73)4/6
- MACD line above its signal line4/4
- MACD line above zero (-1.36)0/3
- 12-day rate of change positive (2.44)3/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-7.34)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.09)0/5
- More volume on up days than down days (20 sessions) (0.60)0/5
- Close above 20-day VWAP (2.89)5/5
- Daily range (ATR%) contained — ≤2.5% scores full (5.55)2/6
- Price in the upper half of its Bollinger Bands (0.60)5/5
- Shallow drawdown from the 52-week high (-25.15)1/5
- Volatility contracting (20-day volatility below its 6-month median) (89.40)0/4
- Room to the next resistance (≥8% scores full) (9.70)5/5
- Support close below (a tight, definable stop) (6.46)3/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-25.15)0/5
🧭 Regime: Range
Normal Volatility — Bollinger width is in the 54th 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 SHBAJRG — 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 | 51.73 | 0.66 |
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
SHBAJRG ÷ 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 | ₹213.47 | +32.7% | 2 |
| Resistance | ₹196.94 | +22.4% | 2 |
| Resistance | ₹183.00 | +13.7% | 1 |
| Resistance | ₹176.50 | +9.7% | 3 |
| Close | ₹160.90 | — | |
| Support | ₹150.50 | −6.5% | 3 |
| Support | ₹129.32 | −19.6% | 1 |
52-week range: ₹129.32 – ₹214.95 (-25.15% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹214.95 (2026-07-06) to ₹129.32 (2026-10-23). Price has retraced 36.9% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹149.53 | -7.1% | S/R confluence |
| 38.2% retracement | ₹162.03 | +0.7% | nearest |
| 50.0% retracement | ₹172.13 | +7.0% | |
| 61.8% retracement | ₹182.24 | +13.3% | S/R confluence |
| 78.6% retracement | ₹196.63 | +22.2% | S/R confluence |
| 127.2% extension | ₹106.03 | -34.1% | |
| 161.8% extension | ₹76.40 | -52.5% | |
| 200.0% extension | ₹43.69 | -72.8% |
Next Fibonacci time zone: 89 sessions from the swing start ≈ 2026-11-11 (approximate — exchange holidays are not modelled).
🕯️ Candlesticks (last 5 sessions)
- Doji 2026-11-02 neutral Weak · 20
- Dragonfly Doji 2026-10-30 bullish Weak · 30
- Hammer 2026-10-29 bullish Strong · 70
- Bullish Marubozu 2026-10-27 bullish Strong · 70
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
- OBV bullish 2026-09-30 → 2026-10-23₹157.11 → ₹129.32
✅ Screens SHBAJRG passes today
| Stock | Close | Chg | Score | Trend regime | RS rating (1-99) |
|---|---|---|---|---|---|
| RATNAVEERRatnaveer Precision Engineering Limited | ₹379.20 | +5.26% | 87 | Strong Uptrend | 98.00 |
| SHYAMMETLShyam Metalics and Energy Limited | ₹1,191.00 | +2.42% | 87 | Strong Uptrend | 89.00 |
| SGMARTSG Mart Limited | ₹878.90 | +2.63% | 85 | Strong Uptrend | 97.00 |
| IMPEXFERROImpex Ferro Tech Limited | ₹5.89 | -2.00% | 78 | Strong Uptrend | 99.00 |
| MAHASTEELMahamaya Steel Industries Limited | ₹1,452.20 | +4.88% | 77 | Strong Uptrend | 96.00 |
| MANAKCOATManaksia Coated Metals & Industries Limited | ₹148.17 | +5.68% | 76 | Uptrend | 81.00 |
| STEELCASSteelcast Limited | ₹364.40 | +4.70% | 73 | Uptrend | 92.00 |
| JSWSTEELJSW Steel Limited | ₹1,309.90 | +5.13% | 70 | Range | 74.00 |
| NELCASTNelcast Limited | ₹143.65 | +8.42% | 70 | Strong Uptrend | 84.00 |
| RKFORGERamkrishna Forgings Limited | ₹696.10 | +7.61% | 69 | Range | 82.00 |
⚠️ 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.
