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Sicagen India (SICAGEN) — Technical Setup
₹52.77 +1.05% Range Normal Volatility Strong bearish
Summary
Sicagen India is in a range on the daily chart. RSI(14) is 42.0, MACD is below its signal line, ADX reads 14 (weak trend). Volume in the latest session was 0.2× its 20-day average. Over three months it has underperformed the Nifty 50 by 0.9 percentage points. Nearest support is ₹51.13 and resistance ₹57.00. Its technical score is 23/100 (strong bearish).
🧮 How the 23/100 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 (-4.14)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 up0/3
- ADX ≥ 20 with +DI above −DI (trend has strength) (13.77)1/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (42.03)2/6
- MACD line above its signal line0/4
- MACD line above zero (-0.66)0/3
- 12-day rate of change positive (-4.88)0/3
- Stochastic %K above %D0/2
- Outperforming the Nifty 50 over 3 months (-0.92)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) (0.63)0/5
- Close above 20-day VWAP (-5.18)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (5.01)2/6
- Price in the upper half of its Bollinger Bands (0.19)0/5
- Shallow drawdown from the 52-week high (-28.75)1/5
- Volatility contracting (20-day volatility below its 6-month median) (38.90)4/4
- Room to the next resistance (≥8% scores full) (8.02)5/5
- Support close below (a tight, definable stop) (3.11)5/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-28.75)0/5
🧭 Regime: Range
Normal Volatility — Bollinger width is in the 70th 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 SICAGEN — 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 | ◆ Neutral | 42.02 | -0.58 |
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
SICAGEN ÷ 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 | ₹74.06 | +40.3% | 1 |
| Resistance | ₹61.50 | +16.5% | 1 |
| Resistance | ₹59.70 | +13.1% | 2 |
| Resistance | ₹57.00 | +8.0% | 1 |
| Close | ₹52.77 | — | |
| Support | ₹51.13 | −3.1% | 5 |
| Support | ₹46.55 | −11.8% | 1 |
52-week range: ₹24.35 – ₹74.06 (-28.75% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹24.35 (2026-04-15) to ₹74.06 (2026-08-07). Price has retraced 42.8% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹62.33 | +18.1% | |
| 38.2% retracement | ₹55.07 | +4.4% | nearest |
| 50.0% retracement | ₹49.21 | -6.8% | |
| 61.8% retracement | ₹43.34 | -17.9% | |
| 78.6% retracement | ₹34.99 | -33.7% | |
| 127.2% extension | ₹87.58 | +66.0% | |
| 161.8% extension | ₹104.78 | +98.6% | |
| 200.0% extension | ₹123.77 | +134.6% |
🕯️ Candlesticks (last 5 sessions)
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.
⚠️ 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.
