LEMERITE technical summary

At ₹20, Le Merite Exports Limited is trading 2.0% below its 50-day average of ₹20.41 and 62.0% below its 200-day average of ₹52.64. The 14-day RSI is 48.9, in the neutral range between 30 and 70. MACD is -0.29 against a signal line of -0.30, so the MACD line sits above its signal line. ADX(14) reads 24.1, an emerging trend (20 to 25); ADX measures trend strength, not direction. The 52-week range is ₹17.73 to ₹107.57, with the price 3% of the way up it. Classic daily pivot levels from the 29 Oct 2026 session: pivot ₹19.11, resistance ₹19.53 and ₹20.3, support ₹18.34 and ₹17.92.