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Sharat Industrie (SHINDL) — Technical Setup
₹161.64 +0.37% Strong Uptrend Volatility Contraction Bearish
Summary
Sharat Industrie is in a strong uptrend on the daily chart. RSI(14) is 49.6, MACD is below its signal line, ADX reads 43 (trending). Volume in the latest session was 1.9× its 20-day average. Over three months it has outperformed the Nifty 50 by 8.9 percentage points. Nearest support is ₹156.05 and resistance ₹164.90. Its technical score is 37/100 (bearish).
🧮 How the 37/100 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 (-0.19)0/3
- 20-day EMA above 50-day EMA3/3
- 50-day EMA above 200-day EMA0/3
- Close above 200-day SMA0/3
- SuperTrend (10,3) pointing up3/3
- ADX ≥ 20 with +DI above −DI (trend has strength) (42.84)3/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (49.64)2/6
- MACD line above its signal line0/4
- MACD line above zero (0.11)3/3
- 12-day rate of change positive (-0.35)0/3
- Stochastic %K above %D0/2
- Outperforming the Nifty 50 over 3 months (8.92)2/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.01)0/5
- More volume on up days than down days (20 sessions) (0.93)0/5
- Close above 20-day VWAP (-0.45)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (3.49)4/6
- Price in the upper half of its Bollinger Bands (0.37)2/5
- Shallow drawdown from the 52-week high (-10.20)3/5
- Volatility contracting (20-day volatility below its 6-month median) (2.40)4/4
- Room to the next resistance (≥8% scores full) (2.02)1/5
- Support close below (a tight, definable stop) (3.46)5/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-10.20)2/5
🧭 Regime: Strong Uptrend
Volatility Contraction — Bollinger width is in the 5th percentile of the last six months.
Suits: Trend-following. Pullbacks to the 20-day EMA and breakouts tend to be bought in strong trends; mean-reversion shorts fight the tape.
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 Momentum Breakout rules for SHINDL — close at a 20-day high on 1.5× average volume, rsi above 55.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▲ Bullish | 49.64 | -0.18 |
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
SHINDL ÷ 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 | ₹179.84 | +11.3% | 2 |
| Resistance | ₹175.00 | +8.3% | 1 |
| Resistance | ₹164.90 | +2.0% | 4 |
| Close | ₹161.64 | — | |
| Support | ₹156.05 | −3.5% | 4 |
| Support | ₹145.00 | −10.3% | 1 |
| Support | ₹141.20 | −12.7% | 1 |
| Support | ₹130.60 | −19.2% | 1 |
52-week range: ₹130.60 – ₹179.99 (-10.20% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹130.60 (2026-06-25) to ₹179.99 (2026-08-10). Price has retraced 37.1% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹168.33 | +4.1% | |
| 38.2% retracement | ₹161.12 | -0.3% | nearest |
| 50.0% retracement | ₹155.30 | -3.9% | S/R confluence |
| 61.8% retracement | ₹149.47 | -7.5% | |
| 78.6% retracement | ₹141.17 | -12.7% | S/R confluence |
| 127.2% extension | ₹193.42 | +19.7% | |
| 161.8% extension | ₹210.51 | +30.2% | |
| 200.0% extension | ₹229.38 | +41.9% |
Next Fibonacci time zone: 89 sessions from the swing start ≈ 2026-10-30 (approximate — exchange holidays are not modelled).
🕯️ Candlesticks (last 5 sessions)
- Doji 2026-09-17 neutral Weak · 20
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 SHINDL 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.
