Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
Chandrima Mercantiles Limited

CHANDRIMA.BO Technical Analysis Summary (BSE)

Analyze CHANDRIMA.BO on the BSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

CHANDRIMA.BO●BSE
IndustrialsIndustrial - Distribution
₹13.78
₹0.28(1.99%)
Indian Market opens in 2h 0m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

CHANDRIMA.BO Technical Analysis Summary (BSE)

Chandrima Mercantiles Limited (BSE: CHANDRIMA.BO) stock currently shows a bullish trend on the BSE, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 59.69)
Trend Strength:Very Strong (ADX: 50.58)
Volatility:Medium (ATR: 0.64)
Support/Resistance:$8.06 – $19.22 (Bollinger Bands)

Technical conditions suggest Chandrima Mercantiles Limited on the BSE is awaiting a decisive move. Technical conditions suggest Chandrima Mercantiles Limited is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 59.69

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 25.25

Bearish
Momentum remains weak below midpoint.

Williams %R: -100.00

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): 2.38

Bullish
Steady upward momentum.

Takeaway:Chandrima Mercantiles Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 1.57

Bullish
Bullish, trend momentum is strengthening.

ADX: 50.58

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 0.64

Low
Low volatility, stable price action.

CCI (14): -120.13

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Chandrima Mercantiles Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$19.22
Middle Band (SMA 20)
$13.64
Lower Band
$8.06
Current Position
Within Bands

Takeaway:Chandrima Mercantiles Limited trades around the middle band, reflecting balanced price action.

Keltner Channels
Upper Channel
$14.67
Middle Line (EMA 20)
$13.38
Lower Channel
$12.10
Squeeze Status
No Squeeze

Takeaway:Chandrima Mercantiles Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume79.53M
Money Flow Index98.84Bearish risk, overbought conditions may trigger pullback.
Relative Vigor Index42.27Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:CHANDRIMA.BO shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Chandrima Mercantiles Limited (BSE: CHANDRIMA.BO), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

Bearish Signals

MACD below signal line → short-term caution on momentum.

MFI above 80 → overbought conditions may limit upside.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Chandrima Mercantiles Limited currently shows a Buy with caution signal — momentum and trend strength are positive, but price is close to resistance and may face short-term pullbacks.

(BSE: CHANDRIMA.BO) Technical Analysis FAQ