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Summit Securities Limited (SUMMITSEC) — Technical Setup
₹1,412 +1.96% Range Volatility Contraction Strong bearish
Summary
Summit Securities Limited is in a range on the daily chart, with the weekly trend bearish and the monthly trend bearish. RSI(14) is 45.4, MACD is above its signal line, ADX reads 9 (weak trend). The stock trades 12.8% below its 200-day average and 43.4% below its 52-week high. Volume in the latest session was 0.3× its 20-day average. Over three months it has underperformed the Nifty 50 by 7.0 percentage points. Nearest support is ₹1,312.00 and resistance ₹1,440.80. 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 (-0.52)0/3
- 20-day EMA above 50-day EMA0/3
- 50-day EMA above 200-day EMA0/3
- Close above 200-day SMA (-12.80)0/3
- SuperTrend (10,3) pointing up0/3
- ADX ≥ 20 with +DI above −DI (trend has strength) (8.95)1/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (45.43)2/6
- MACD line above its signal line4/4
- MACD line above zero (-16.56)0/3
- 12-day rate of change positive (-0.12)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-7.03)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.31)0/5
- More volume on up days than down days (20 sessions) (0.74)0/5
- Close above 20-day VWAP (-0.72)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (2.60)4/6
- Price in the upper half of its Bollinger Bands (0.42)2/5
- Shallow drawdown from the 52-week high (-43.41)0/5
- Volatility contracting (20-day volatility below its 6-month median) (16.80)4/4
- Room to the next resistance (≥8% scores full) (2.04)1/5
- Support close below (a tight, definable stop) (7.08)3/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-43.41)0/5
🧭 Regime: Range
Volatility Contraction — Bollinger width is in the 6th 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 SUMMITSEC — close below the lower bollinger band (20,2) while above the 200-day sma.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | ▼ Bearish | 49.78 | -80.40 |
| Weekly | ▼ Bearish | 36.90 | 3.17 |
| Daily | ▼ Bearish | 45.43 | 0.53 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: Bearish, weekly ADX 23.50.
📶 Volume & VWAP
VWAPs are computed from daily bars (typical price × volume), not intraday ticks.
💪 Relative strength
SUMMITSEC ÷ 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 | ₹1,582.50 | +12.1% | 2 |
| Resistance | ₹1,547.00 | +9.6% | 2 |
| Resistance | ₹1,500.00 | +6.2% | 1 |
| Resistance | ₹1,440.80 | +2.0% | 5 |
| Close | ₹1,412 | — | |
| Support | ₹1,312.00 | −7.1% | 1 |
52-week range: ₹1,312 – ₹2,495 (-43.41% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹1,312.00 (2026-03-30) to ₹1,725.00 (2026-04-16). Price has retraced 75.8% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹1,627.53 | +15.3% | |
| 38.2% retracement | ₹1,567.23 | +11.0% | S/R confluence |
| 50.0% retracement | ₹1,518.50 | +7.5% | |
| 61.8% retracement | ₹1,469.77 | +4.1% | |
| 78.6% retracement | ₹1,400.38 | -0.8% | nearest |
| 127.2% extension | ₹1,837.34 | +30.1% | |
| 161.8% extension | ₹1,980.23 | +40.2% | |
| 200.0% extension | ₹2,138.00 | +51.4% |
🕯️ Candlesticks (last 5 sessions)
- Doji 2026-09-16 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 SUMMITSEC passes today
| Stock | Close | Chg | Score | Trend regime | RS rating (1-99) |
|---|---|---|---|---|---|
| GCSLGretex Corporate Services Limited | ₹618.55 | +4.07% | 93 | Uptrend | 95.00 |
| CONSOFINVTConsolidated Finvest & Holdings Limited | ₹302.20 | +0.53% | 86 | Strong Uptrend | 90.00 |
| ANANDRATHIAnand Rathi Wealth Limited | ₹2,229 | +1.00% | 84 | Strong Uptrend | 85.00 |
| PAISALOPaisalo Digital Limited | ₹89.51 | +0.88% | 84 | Strong Uptrend | 97.00 |
| RELIGAREReligare Enterprises Limited | ₹253.02 | +1.25% | 84 | Uptrend | 58.00 |
| HOMEFIRSTHome First Finance Company India Limited | ₹1,241 | +5.80% | 81 | Uptrend | 67.00 |
| NORTHARCNorthern Arc Capital Limited | ₹313.60 | +0.98% | 81 | Strong Uptrend | 74.00 |
| SHAREINDIAShare India Securities Limited | ₹228.15 | +4.45% | 81 | Strong Uptrend | 93.00 |
| ABSLAMCAditya Birla Sun Life AMC Limited | ₹1,060 | -2.72% | 80 | Range | 67.00 |
| PRIMESECUPrime Securities Limited | ₹296.85 | +0.95% | 79 | Strong Uptrend | 58.00 |
⚠️ 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.
