Key Events This Week
19 Jan: Sharp 6.24% decline amid mixed technical signals
20 Jan: Steep 10.90% drop as bearish momentum intensifies
21 Jan: Technical downgrade and 4.96% recovery attempt
22 Jan: Q2 FY26 results reveal profit decline; price rises 1.49%
23 Jan: Strong 14.79% rally closes the week on a positive note
Monday, 19 January 2026: Mixed Technical Signals Amid Price Momentum Shift
Antelopus Selan Energy Ltd opened the week under pressure, closing at Rs.464.25, down 6.24% from the previous close. The stock experienced heightened volatility, trading between Rs.426.55 and Rs.517.80 during the session. Technical indicators presented a complex picture, with the trend shifting from bearish to mildly bearish. While some metrics suggested potential for recovery, others, including the bearish MACD and KST indicators, signalled caution. The stock’s performance contrasted with the Sensex’s smaller decline of 0.49%, highlighting sector-specific challenges.
Tuesday, 20 January 2026: Intensifying Bearish Momentum Drives Steep Decline
The bearish momentum intensified on 20 January, with the stock plunging 10.90% to close at Rs.413.65. This sharp drop was accompanied by a significant reduction in volume to 24,259 shares, indicating waning investor confidence. The Sensex also declined sharply by 1.82%, but Antelopus Selan Energy Ltd’s fall was notably steeper. Technical indicators deteriorated further, with daily moving averages turning bearish and the Mojo Score downgraded to a Strong Sell. The stock’s proximity to its 52-week low of Rs.357.00 underscored the growing downside risk.
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Wednesday, 21 January 2026: Technical Downgrade Amid Bearish Momentum
The stock rebounded 4.96% on 21 January, closing at Rs.434.15, as some short-term buying interest emerged. However, this recovery was overshadowed by a technical downgrade to a Strong Sell rating, reflecting deteriorating momentum. The daily moving averages remained bearish, and the Know Sure Thing (KST) indicator confirmed sustained downward pressure. The Sensex declined marginally by 0.47%, but Antelopus Selan Energy Ltd’s mixed signals highlighted ongoing uncertainty. The stock’s trading range between Rs.405.00 and Rs.463.00 indicated volatility amid cautious investor sentiment.
Thursday, 22 January 2026: Profit Decline Reported Amid Challenging Market Conditions
On 22 January, the company released its Q2 FY26 results, reporting a profit decline attributed to challenging oil market conditions. Despite this, the stock managed a 1.49% gain to close at Rs.440.60, supported by a modest volume of 11,200 shares. Technical indicators showed a shift from bearish to mildly bearish, with the weekly MACD mildly bullish but monthly MACD remaining bearish. The Relative Strength Index (RSI) was neutral on a weekly basis but bullish monthly, suggesting potential for medium-term recovery. The Sensex rose 0.76%, contrasting with the stock’s cautious optimism amid sector headwinds.
Friday, 23 January 2026: Strong Rally Closes Week on Positive Note
The week ended with a robust 14.79% rally on 23 January, as the stock surged to Rs.505.75 on heavy volume of 176,985 shares. This sharp gain marked the week’s high and reflected a significant short-term reversal. The Sensex, however, declined 1.33%, underscoring the stock’s outperformance. Technical momentum indicators showed mixed signals, with bullish weekly MACD and RSI contrasting with bearish KST and Bollinger Bands. The strong finish suggests renewed investor interest, though the overall technical landscape remains cautious given the stock’s recent volatility and longer-term challenges.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-19 | Rs.464.25 | -6.24% | 36,650.97 | -0.49% |
| 2026-01-20 | Rs.413.65 | -10.90% | 35,984.65 | -1.82% |
| 2026-01-21 | Rs.434.15 | +4.96% | 35,815.26 | -0.47% |
| 2026-01-22 | Rs.440.60 | +1.49% | 36,088.66 | +0.76% |
| 2026-01-23 | Rs.505.75 | +14.79% | 35,609.90 | -1.33% |
Key Takeaways
Positive Signals: The stock’s 2.14% weekly gain outpaced the Sensex’s 3.31% decline, driven by a strong finish on 23 January. Mixed technical indicators such as a mildly bullish weekly MACD and bullish monthly RSI suggest potential for medium-term recovery. The Q2 FY26 results, despite showing profit decline, did not deter the stock’s upward momentum on the day of release.
Cautionary Signals: Persistent bearish momentum was evident early in the week, with steep declines on 19 and 20 January and a technical downgrade to Strong Sell. The monthly MACD and KST indicators remain bearish, and the absence of volume confirmation tempers enthusiasm for a sustained rally. The stock’s proximity to its 52-week low and significant year-on-year underperformance highlight ongoing risks.
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Conclusion
Antelopus Selan Energy Ltd’s week was marked by volatility and mixed technical signals, culminating in a modest overall gain that outperformed the broader market. The stock’s technical profile remains complex, with short-term bullish momentum offset by longer-term bearish indicators and a Strong Sell mojo grade. The Q2 FY26 profit decline added to sector uncertainties, yet the strong rally on the final trading day demonstrated resilience. Investors should remain cautious, monitoring key technical levels and volume trends closely before considering new positions. The stock’s performance this week underscores the challenges and opportunities inherent in the oil sector amid fluctuating market conditions.
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