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Veljan Denison (VELJAN) — Technical Setup
₹1,941 -1.87% Strong Uptrend Normal Volatility Strong bullish
Summary
Veljan Denison is in a strong uptrend on the daily chart. RSI(14) is 62.2, MACD is above its signal line, ADX reads 43 (trending). Volume in the latest session was 0.8× its 20-day average. Over three months it has outperformed the Nifty 50 by 57.0 percentage points. Nearest support is ₹1,876.40 and resistance ₹1,980.00. Its technical score is 85/100 (strong bullish).
🧮 How the 85/100 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 (3.97)3/3
- 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) (42.66)3/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (62.20)6/6
- MACD line above its signal line4/4
- MACD line above zero (48.06)3/3
- 12-day rate of change positive (7.67)3/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (56.96)2/2
- On-balance volume rising over 20 sessions5/5
- Chaikin Money Flow (20) positive (0.20)5/5
- More volume on up days than down days (20 sessions) (3.91)5/5
- Close above 20-day VWAP (3.81)5/5
- Daily range (ATR%) contained — ≤2.5% scores full (3.98)4/6
- Price in the upper half of its Bollinger Bands (0.87)5/5
- Shallow drawdown from the 52-week high (-3.36)5/5
- Volatility contracting (20-day volatility below its 6-month median) (5.80)4/4
- Room to the next resistance (≥8% scores full) (1.99)0/5
- Support close below (a tight, definable stop) (3.35)5/5
- Broke above a 20-day high in the last 5 sessions5/5
- Within 5% of the 52-week high (-3.36)5/5
🧭 Regime: Strong Uptrend
Normal Volatility — Bollinger width is in the 28th 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 VELJAN — 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 | 62.20 | 3.25 |
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
VELJAN ÷ 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 | ₹1,980.00 | +2.0% | 1 |
| Close | ₹1,941 | — | |
| Support | ₹1,876.40 | −3.4% | 4 |
| Support | ₹1,675.00 | −13.7% | 1 |
| Support | ₹1,329.80 | −31.5% | 1 |
| Support | ₹1,155.22 | −40.5% | 4 |
52-week range: ₹812.00 – ₹2,009 (-3.36% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹812.00 (2026-05-06) to ₹2,009.00 (2026-09-18). Price has retraced 5.7% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹1,726.51 | -11.1% | nearest |
| 38.2% retracement | ₹1,551.75 | -20.1% | |
| 50.0% retracement | ₹1,410.50 | -27.4% | |
| 61.8% retracement | ₹1,269.25 | -34.6% | |
| 78.6% retracement | ₹1,068.16 | -45.0% | |
| 127.2% extension | ₹2,334.58 | +20.2% | |
| 161.8% extension | ₹2,748.75 | +41.6% | |
| 200.0% extension | ₹3,206.00 | +65.1% |
🕯️ Candlesticks (last 5 sessions)
- Dragonfly Doji 2026-09-16 bullish Strong · 70
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 VELJAN passes today
| Stock | Close | Chg | Score | Trend regime | RS rating (1-99) |
|---|---|---|---|---|---|
| SANSERASansera Engineering Limited | ₹4,260 | +6.03% | 90 | Strong Uptrend | 97.00 |
| TALBROAUTOTalbros Automotive Components Limited | ₹476.70 | +9.54% | 86 | Uptrend | 92.00 |
| KROSSKross Limited | ₹239.19 | -1.18% | 84 | Strong Uptrend | 81.00 |
| RMLRane (Madras) Limited | ₹1,324 | +3.33% | 80 | Strong Uptrend | 92.00 |
| MENONBEMenon Bearings Limited | ₹316.85 | +3.87% | 77 | Strong Uptrend | 98.00 |
| RACLGEARRACL Geartech Limited | ₹1,761 | -3.72% | 77 | Strong Uptrend | 92.00 |
| SHARDAMOTRSharda Motor Industries Limited | ₹967.05 | +1.97% | 77 | Strong Uptrend | 66.00 |
| VARROCVarroc Engineering Limited | ₹861.55 | +1.82% | 77 | Strong Uptrend | 89.00 |
| LGBBROSLTDLG Balakrishnan & Bros Limited | ₹1,730 | +0.69% | 75 | Uptrend | 65.00 |
| SONACOMSSona BLW Precision Forgings Limited | ₹808.00 | +3.87% | 75 | Strong Uptrend | 92.00 |
⚠️ 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.
