Chandrima Mercantiles Technical Analysis

Chandrima Mercantiles Ltd Technical Analysis

Chandrima Mercantiles Ltd technical analysis is gaining attention among traders and investors tracking Chandrima Mercantiles Ltd Technical Analysis trends in the Indian stock market. Chandrima Mercantiles Ltd (NSE: , BSE: 540829) is currently trading at ₹6.14, showing a -4.81% move as of Tue, Mar 03, 2026.

This detailed Chandrima Mercantiles Ltd technical analysis covers support & resistance levels, moving averages, indicators, and overall market sentiment to help investors make informed decisions.

Chandrima Mercantiles Ltd Stock Overview

Chandrima Mercantiles Ltd operates in the Distribution services sector under the Wholesale distributors industry. With a market capitalization of ₹2.05B and a PE ratio of 0, Chandrima Mercantiles Ltd remains a key stock to watch in Chandrima Mercantiles Ltd Technical Analysis searches.

Key Metrics

• Market Cap: ₹2.05B
• PE Ratio: 0
• Dividend Yield: 0
• Sector: Distribution services
• Industry: Wholesale distributors

These fundamentals play an important role in Chandrima Mercantiles Ltd technical analysis and valuation tracking.

Chandrima Mercantiles Ltd Support and Resistance Levels

Classic Pivot Levels

In Chandrima Mercantiles Ltd technical analysis, pivot levels help identify potential reversal and breakout zones.

• Resistance 3: 11.96
• Resistance 2: 9.10
• Resistance 1: 7.62
• Pivot Point: 6.24
• Support 1: 4.76
• Support 2: 3.38
• Support 3: 0.52

Conditional Insight

Chandrima Mercantiles Ltd technical analysis suggests a bearish to neutral trend as the price is below the pivot point. Immediate support is seen near 4.76 and 3.38.

Fibonacci Levels Analysis

Fibonacci levels are widely used in Chandrima Mercantiles Ltd technical analysis to identify retracement zones.

• Fibonacci R3: 9.10
• Fibonacci R2: 8.01
• Fibonacci R1: 7.33
• Fibonacci Pivot: 6.24
• Fibonacci S1: 5.15
• Fibonacci S2: 4.47
• Fibonacci S3: 3.38

Chandrima Mercantiles Ltd technical analysis indicates consolidation between Fibonacci pivot and resistance zones.

Chandrima Mercantiles Ltd Moving Average Analysis

Moving averages are key indicators in Chandrima Mercantiles Ltd technical analysis for identifying trend direction.

• 10 EMA: 6.38
• 20 EMA: 6.32
• 30 EMA: 6.46
• 50 EMA: 6.91
• 100 EMA: 7.20
• 200 EMA: 6.48

Trend Logic

Chandrima Mercantiles Ltd technical analysis indicates bearish pressure, with price trading below key moving averages.

Long-term trend in Chandrima Mercantiles Ltd technical analysis remains positive above 200 EMA.

Chandrima Mercantiles Ltd Technical Indicators Overview

Momentum Indicators

• RSI: 41.50
• MACD: -0.02
• Signal: -0.07
• ADX: 33.81
• Momentum: -0.53

RSI Logic

Chandrima Mercantiles Ltd technical analysis shows RSI in neutral range, suggesting consolidation.

MACD Logic

Chandrima Mercantiles Ltd technical analysis indicates bearish momentum with MACD below signal line.

Chandrima Mercantiles Ltd Overall Recommendation

• Overall Recommendation Score: -0.47
• Moving Average Recommendation: -0.93
• Other Indicators Recommendation: 0

Overall Chandrima Mercantiles Ltd technical analysis sentiment remains neutral with mixed signals.

Chandrima Mercantiles Ltd Technical Analysis Conclusion

Chandrima Mercantiles Ltd technical analysis suggests that traders should closely monitor price action around ₹6.14 and key pivot level 6.24. Breakouts above resistance or breakdown below support will define the next trend in Chandrima Mercantiles Ltd technical analysis.

Investors searching for Chandrima Mercantiles Ltd Technical Analysis should track moving averages, RSI levels, and volume trends to identify potential entry and exit opportunities. As market conditions change, Chandrima Mercantiles Ltd technical analysis will continue to play a crucial role in short-term trading and long-term investment strategies.