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Shilchar Technologies Limited (SHILCTECH) — Technical Setup
₹4,068 -0.87% Range Volatility Contraction Neutral
Summary
Shilchar Technologies Limited is in a range on the daily chart. RSI(14) is 47.1, MACD is above its signal line, ADX reads 18 (weak trend). The stock trades 0.7% below its 200-day average and 24.6% below its 52-week high. Volume in the latest session was 1.0× its 20-day average. Over three months it has underperformed the Nifty 50 by 8.8 percentage points. Nearest support is ₹3,963.00 and resistance ₹4,109.00. Its technical score is 49/100 (neutral).
🧮 How the 49/100 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 (-0.78)0/3
- 20-day EMA above 50-day EMA0/3
- 50-day EMA above 200-day EMA0/3
- Close above 200-day SMA (-0.74)0/3
- SuperTrend (10,3) pointing up0/3
- ADX ≥ 20 with +DI above −DI (trend has strength) (17.80)1/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (47.10)2/6
- MACD line above its signal line4/4
- MACD line above zero (-20.37)0/3
- 12-day rate of change positive (1.81)3/3
- Stochastic %K above %D0/2
- Outperforming the Nifty 50 over 3 months (-8.77)0/2
- On-balance volume rising over 20 sessions5/5
- Chaikin Money Flow (20) positive (0.16)5/5
- More volume on up days than down days (20 sessions) (1.64)5/5
- Close above 20-day VWAP (0.28)5/5
- Daily range (ATR%) contained — ≤2.5% scores full (3.37)4/6
- Price in the upper half of its Bollinger Bands (0.50)5/5
- Shallow drawdown from the 52-week high (-24.65)1/5
- Volatility contracting (20-day volatility below its 6-month median) (5.60)4/4
- Room to the next resistance (≥8% scores full) (1.01)0/5
- Support close below (a tight, definable stop) (2.58)5/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-24.65)0/5
🧭 Regime: Range
Volatility Contraction — Bollinger width is in the 5th 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 SHILCTECH — close below the lower bollinger band (20,2) while above the 200-day sma.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | ▼ Bearish | 45.63 | -47.92 |
| Daily | ▼ Bearish | 47.10 | 10.16 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: Bullish, weekly ADX 11.68.
📶 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
SHILCTECH ÷ 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 | ₹5,399.00 | +32.7% | 1 |
| Resistance | ₹4,764.95 | +17.1% | 2 |
| Resistance | ₹4,564.70 | +12.2% | 1 |
| Resistance | ₹4,109.00 | +1.0% | 10 |
| Close | ₹4,068 | — | |
| Support | ₹3,963.00 | −2.6% | 1 |
| Support | ₹3,784.90 | −7.0% | 5 |
| Support | ₹3,671.60 | −9.7% | 3 |
| Support | ₹3,500.00 | −14.0% | 1 |
52-week range: ₹2,852 – ₹5,399 (-24.65% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹3,500.00 (2026-03-30) to ₹5,399.00 (2026-04-28). Price has retraced 70.1% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹4,950.84 | +21.7% | |
| 38.2% retracement | ₹4,673.58 | +14.9% | |
| 50.0% retracement | ₹4,449.50 | +9.4% | |
| 61.8% retracement | ₹4,225.42 | +3.9% | nearest |
| 78.6% retracement | ₹3,906.39 | -4.0% | |
| 127.2% extension | ₹5,915.53 | +45.4% | |
| 161.8% extension | ₹6,572.58 | +61.6% | |
| 200.0% extension | ₹7,298.00 | +79.4% |
🕯️ Candlesticks (last 5 sessions)
- Doji 2026-09-18 neutral Weak · 20
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
- RSI(14) bearish 2026-09-08 → 2026-09-15₹4,247.80 → ₹4,279.00
- MACD histogram bearish 2026-09-08 → 2026-09-15₹4,247.80 → ₹4,279.00
- Stochastic %K bearish 2026-09-08 → 2026-09-15₹4,247.80 → ₹4,279.00
✅ Screens SHILCTECH 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.
