MITCON Consultancy & Engineering Services Limited
MITCON NSE







Weekly Report
MITCON Consultancy & Engineering Services Limited closed at 64.7700 (-1.55% WoW) . Data window ends Mon, 15 Sep 2025.
How to read this โ Price slope is downward, indicating persistent supply pressure. Elevated weekly volatility increases whipsaw risk. Volume and price are moving in the same direction โ a constructive confirmation. Distance to baseline is narrowing โ reverting closer to its fair-value track. Weak MA stack argues for caution; rallies can fail near the 8โ13 week region. Price sits below key averages, keeping pressure on the tape.
Down-slope argues for patience; rallies can fade sooner unless participation improves.
Gauge maps the trend signal to a 0โ100 scale.
How to read this โ Bearish zone with falling momentum โ sellers in control.
Bias remains lower; rallies are suspect unless gauge reclaims 0.50/0.60.
Price is below fair value; potential upside if momentum constructive.
Conclusion
Negative setup. โ โโโโ confidence. Price window: -17. Trend: Downtrend Confirmed; gauge 14. In combination, liquidity confirms the move.
- Liquidity confirms the price trend
- Bearish control with falling momentum
- Momentum is weak/falling
- Price is not above key averages
- Weak moving-average stack
Why: Price window -17.98% over 8w. Close is -17.98% below the prior-window high. Return volatility 4.16%. Volume trend falling. Liquidity convergence with price. Trend state downtrend confirmed. Low-regime (โค0.25) upticks 1/5 (20.0%) โข Distributing. MA stack weak. Momentum bearish and falling. Valuation supportive skew.
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