Current Price and Market Context
As of 1 February 2026, Aeroflex Industries Ltd closed at ₹176.95, down from the previous close of ₹180.85. The stock traded within a range of ₹174.35 to ₹184.85 during the day. Over the past 52 weeks, the share price has fluctuated between a low of ₹145.05 and a high of ₹271.60, reflecting significant volatility in the Iron & Steel Products sector. The company’s market capitalisation grade stands at 3, indicating a mid-cap status with moderate liquidity and market presence.
Technical Trend Shift and Moving Averages
The technical trend for Aeroflex has recently transitioned from a sideways pattern to a mildly bullish one, primarily supported by daily moving averages. The stock’s price currently sits above its short-term moving averages, signalling potential upward momentum. This mild bullishness in moving averages suggests that recent buying interest has begun to outweigh selling pressure, although the trend is not yet strongly established.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator presents a mixed outlook. On a weekly basis, the MACD remains bearish, indicating that the medium-term momentum is still under pressure. However, monthly MACD data is inconclusive, showing no clear directional signal at this time. This divergence between weekly and monthly MACD readings suggests that while short-term momentum may be improving, longer-term trends have yet to confirm a sustained recovery.
RSI and Bollinger Bands Analysis
The Relative Strength Index (RSI) for Aeroflex is neutral on both weekly and monthly timeframes, signalling no immediate overbought or oversold conditions. This lack of RSI extremes implies that the stock is not currently experiencing excessive buying or selling pressure, which could allow for a more balanced price movement in the near term.
Bollinger Bands, however, paint a more cautious picture. On a weekly basis, the bands indicate a mildly bearish stance, while the monthly bands confirm a bearish trend. This suggests that price volatility remains elevated and that the stock may face resistance near the upper band, limiting upside potential in the short to medium term.
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Other Technical Indicators: KST, Dow Theory, and OBV
The Know Sure Thing (KST) indicator is bullish on a weekly basis, signalling positive momentum in the near term. This is a favourable sign for investors looking for early indications of trend reversals or acceleration. Conversely, Dow Theory assessments remain mildly bearish on both weekly and monthly timeframes, reflecting some underlying caution in the broader market sentiment towards Aeroflex.
On the volume front, the On-Balance Volume (OBV) indicator is bullish across weekly and monthly charts, suggesting that buying volume is outpacing selling volume. This accumulation pattern supports the notion that institutional investors or large traders may be positioning for a potential upward move, despite the recent price weakness.
Performance Relative to Sensex
Examining Aeroflex’s returns relative to the benchmark Sensex reveals a mixed performance. Over the past week, the stock outperformed the Sensex with an 11.08% gain compared to the index’s 0.90% rise. However, over longer periods, Aeroflex has lagged behind. The one-month return stands at -9.81% versus Sensex’s -2.84%, and year-to-date returns are -8.29% compared to the Sensex’s -3.46%. Over the past year, Aeroflex has declined by 23.17%, while the Sensex gained 7.18%. This underperformance highlights the stock’s volatility and sector-specific challenges amid broader market gains.
Mojo Score and Rating Upgrade
MarketsMOJO’s proprietary scoring system assigns Aeroflex a Mojo Score of 57.0, reflecting a Hold rating. This represents an upgrade from a previous Sell rating as of 30 January 2026, signalling an improvement in the stock’s technical and fundamental outlook. The upgrade suggests that while the stock is not yet a strong buy, conditions have stabilised sufficiently to warrant cautious optimism among investors.
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Investor Takeaway and Outlook
Investors analysing Aeroflex Industries Ltd should weigh the mixed technical signals carefully. The mild bullishness in daily moving averages and positive weekly KST and OBV indicators suggest that the stock may be poised for a modest recovery or consolidation phase. However, bearish weekly MACD, Bollinger Bands, and Dow Theory signals caution against aggressive positioning at this stage.
Given the stock’s recent underperformance relative to the Sensex and its volatile price history, a prudent approach would be to monitor for confirmation of sustained bullish momentum before committing significant capital. The upgrade to a Hold rating by MarketsMOJO reflects this balanced view, indicating that Aeroflex is no longer a sell but not yet a definitive buy.
Long-term investors should also consider sector dynamics in Iron & Steel Products, which remain sensitive to global commodity prices, demand cycles, and regulatory developments. Aeroflex’s current valuation and technical profile suggest that it may offer selective opportunities for those with a medium-term horizon and a tolerance for volatility.
Summary of Key Technical Metrics
- Current Price: ₹176.95
- 52-Week Range: ₹145.05 - ₹271.60
- Day Change: -2.16%
- Mojo Score: 57.0 (Hold, upgraded from Sell on 30 Jan 2026)
- MACD: Weekly Bearish, Monthly Neutral
- RSI: Neutral on Weekly and Monthly
- Bollinger Bands: Weekly Mildly Bearish, Monthly Bearish
- Moving Averages: Daily Mildly Bullish
- KST: Weekly Bullish
- Dow Theory: Mildly Bearish on Weekly and Monthly
- OBV: Bullish on Weekly and Monthly
In conclusion, Aeroflex Industries Ltd’s technical landscape is characterised by a cautious shift towards mild bullishness, tempered by persistent bearish signals in key momentum indicators. Investors should remain attentive to evolving price action and volume trends to better time entries and exits in this mid-cap Iron & Steel Products stock.
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