Last close · 16 Oct 2026
Rs 9.09 +2.13%
Technical analysis · updated after the close, 16 Oct 2026
Merit Packaging Limited (MERIT) technical analysis
MERIT closed at Rs 9.09 on 16 Oct 2026 (+2.13%). The daily picture is bearish: the price is below 5 of its 6 simple moving averages, MACD is below its signal line and RSI at 45.0 is neutral. The weekly trend is bearish, and the monthly chart is strongly bearish. Nearest support is the daily pivot at 8.99, resistance R1 at 9.26.
Daily
Bearish
Weekly
Bearish
Monthly
Strongly bearish
Oscillators
Neutral
2 bullish · 6 neutral · 2 bearish
| Indicator | Value | Reading |
|---|---|---|
| RSI (14) | 45.00 | Neutral |
| Stochastic %K (14, 3, 3) | 28.28 | Neutral |
| Stochastic RSI (14, 3, 3) | 100.00 | Bearish |
| CCI (20) | -42.79 | Neutral |
| ADX (14) | 12.03 | Neutral |
| Williams %R (14) | -57.55 | Neutral |
| MACD (12, 26, 9) | -0.25 | Bearish |
| Momentum (10) | -0.23 | Bullish |
| Ultimate Oscillator (7, 14, 28) | 33.51 | Neutral |
| Bull Bear Power (13) | 0.07 | Bullish |
Moving averages
Strongly bearish
2 bullish · 0 neutral · 10 bearish
| Period | Simple | Exponential | ||
|---|---|---|---|---|
| MA 10 | 8.91 | Bullish | 8.97 | Bullish |
| MA 20 | 9.24 | Bearish | 9.17 | Bearish |
| MA 30 | 9.47 | Bearish | 9.32 | Bearish |
| MA 50 | 9.63 | Bearish | 9.50 | Bearish |
| MA 100 | 9.86 | Bearish | 9.75 | Bearish |
| MA 200 | 10.16 | Bearish | 10.19 | Bearish |
Support & resistance
Daily pivots- R3 9.89
- R2 9.62
- R1 9.26
- Pivot 8.99
- S1 8.63
- S2 8.36
- S3 8.00
- Close 9.09
Pivot points
| Level | Classic | Fibonacci | Camarilla |
|---|---|---|---|
| R3 | 9.89 | 9.62 | 9.07 |
| R2 | 9.62 | 9.38 | 9.02 |
| R1 | 9.26 | 9.23 | 8.96 |
| Pivot | 8.99 | 8.99 | 8.99 |
| S1 | 8.63 | 8.75 | 8.84 |
| S2 | 8.36 | 8.60 | 8.78 |
| S3 | 8.00 | 8.36 | 8.73 |
Range & volatility
52-week range
7.1014.63
- ATR (14)
- 0.465.0% of price
- Bollinger Bands (20, 2)
- 8.48 – 10.00
- From the 52-week high
- -37.9%
- Bars analysed
- 4,682
How these readings work
Computed after each close from MERIT's daily prices; weekly and monthly bars are built from them, and days without trading are left out. Each oscillator and moving average gives a bullish, neutral or bearish reading, and the summary weighs them: strongly bullish when clearly more readings are bullish, strongly bearish when clearly more are bearish. Pivot levels come from the previous completed bar. Readings describe the chart; they are not a recommendation. For information purposes only, not investment advice.
History before 22 Jul 2003 is left out: a price move on that day was too large to compare earlier prices (for example an unadjusted split or bonus issue).
Pattern signals for MERIT → MERIT overview and price history →