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Shiva Mills Limited (SHIVAMILLS) — Technical Setup
₹58.65 -2.18% Range Normal Volatility Bearish
Summary
Shiva Mills Limited is in a range on the daily chart, with the weekly trend bearish and the monthly trend neutral. RSI(14) is 50.8, MACD is above its signal line, ADX reads 8 (weak trend). The stock trades 0.8% below its 200-day average and 16.2% below its 52-week high. Volume in the latest session was 5.0× its 20-day average. Over three months it has underperformed the Nifty 50 by 8.8 percentage points. Nearest support is ₹52.08 and resistance ₹62.00. Its technical score is 36/100 (bearish).
🧮 How the 36/100 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 (0.72)3/3
- 20-day EMA above 50-day EMA0/3
- 50-day EMA above 200-day EMA0/3
- Close above 200-day SMA (-0.79)0/3
- SuperTrend (10,3) pointing up0/3
- ADX ≥ 20 with +DI above −DI (trend has strength) (8.27)1/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (50.78)4/6
- MACD line above its signal line4/4
- MACD line above zero (-0.10)0/3
- 12-day rate of change positive (5.75)3/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-8.75)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.34)0/5
- More volume on up days than down days (20 sessions) (0.79)0/5
- Close above 20-day VWAP (1.26)5/5
- Daily range (ATR%) contained — ≤2.5% scores full (4.87)2/6
- Price in the upper half of its Bollinger Bands (0.67)5/5
- Shallow drawdown from the 52-week high (-16.21)3/5
- Volatility contracting (20-day volatility below its 6-month median) (52.00)0/4
- Room to the next resistance (≥8% scores full) (5.71)3/5
- Support close below (a tight, definable stop) (11.21)1/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-16.21)0/5
🧭 Regime: Range
Normal Volatility — Bollinger width is in the 34th 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 SHIVAMILLS — close below the lower bollinger band (20,2) while above the 200-day sma.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | ◆ Neutral | 44.04 | 0.70 |
| Weekly | ▼ Bearish | 47.89 | -0.27 |
| Daily | ▼ Bearish | 50.78 | 0.32 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: Bullish, weekly ADX 12.76.
📶 Volume & VWAP
VWAPs are computed from daily bars (typical price × volume), not intraday ticks.
💪 Relative strength
SHIVAMILLS ÷ 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 | ₹67.97 | +15.9% | 6 |
| Resistance | ₹62.00 | +5.7% | 23 |
| Close | ₹58.65 | — | |
| Support | ₹52.08 | −11.2% | 4 |
| Support | ₹43.01 | −26.7% | 1 |
52-week range: ₹43.01 – ₹70.00 (-16.21% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹69.00 (2026-05-12) to ₹53.41 (2026-10-23). Price has retraced 33.6% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹57.09 | -2.7% | |
| 38.2% retracement | ₹59.37 | +1.2% | nearest |
| 50.0% retracement | ₹61.20 | +4.4% | |
| 61.8% retracement | ₹63.04 | +7.5% | |
| 78.6% retracement | ₹65.66 | +12.0% | |
| 127.2% extension | ₹49.17 | -16.2% | |
| 161.8% extension | ₹43.78 | -25.4% | |
| 200.0% extension | ₹37.82 | -35.5% |
🕯️ Candlesticks (last 5 sessions)
- Doji 2026-11-12 neutral Weak · 40
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 SHIVAMILLS 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.
