Price Momentum and Recent Market Performance
As of 24 Feb 2026, Anupam Rasayan’s stock closed at ₹1,281.05, slightly down by 0.35% from the previous close of ₹1,285.55. The intraday range saw a high of ₹1,289.35 and a low of ₹1,265.05, indicating moderate volatility within the trading session. The stock remains comfortably above its 52-week low of ₹600.95 but has yet to reclaim its 52-week high of ₹1,405.00, suggesting room for upside if momentum strengthens.
Comparatively, the stock has outperformed the Sensex significantly over longer periods. It delivered a remarkable 96.6% return over the past year against the Sensex’s 10.6%, and a 99.5% return over three years compared to the Sensex’s 39.7%. However, year-to-date returns show a slight underperformance at -2.95% versus the Sensex’s -2.26%, signalling some recent headwinds.
Technical Trend Shift: From Bullish to Mildly Bullish
The technical trend for Anupam Rasayan has shifted from a clear bullish stance to a more tempered mildly bullish outlook. This change reflects a cautious market sentiment, where upward momentum persists but with less conviction. The daily moving averages support this mildly bullish stance, with the stock price hovering just above key short-term averages, indicating potential support but also vulnerability to downward pressure.
Weekly and monthly technical indicators present a mixed picture. The Moving Average Convergence Divergence (MACD) is mildly bearish on the weekly chart but remains bullish on the monthly timeframe. This divergence suggests that while short-term momentum may be weakening, the longer-term trend retains strength.
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RSI and Momentum Oscillators: Conflicting Signals
The Relative Strength Index (RSI) on the weekly chart currently shows no definitive signal, hovering near neutral levels, which implies neither overbought nor oversold conditions. Conversely, the monthly RSI is bearish, indicating that longer-term momentum may be waning and caution is warranted for investors looking at extended horizons.
The Know Sure Thing (KST) oscillator also reflects this duality, with a mildly bearish reading on the weekly timeframe but bullish on the monthly chart. This suggests that short-term momentum is under pressure, but the broader trend remains intact.
Bollinger Bands and Volume Trends
Bollinger Bands provide additional insight, showing mildly bullish signals on the weekly chart and bullish signals on the monthly chart. This indicates that price volatility is contained within an upward trending channel, supporting the notion of a cautiously optimistic outlook.
On-Balance Volume (OBV) analysis reveals no clear trend on the weekly scale but a bullish trend on the monthly scale. This divergence suggests that while recent trading volumes have not decisively supported price moves, the longer-term accumulation phase remains positive.
Dow Theory and Moving Averages
According to Dow Theory, the weekly chart shows no clear trend, reflecting the current indecision in the market. However, the monthly chart remains bullish, reinforcing the idea that the stock’s longer-term trajectory is upward despite short-term fluctuations.
Daily moving averages continue to provide mild support, with the stock price trading slightly above its key averages. This positioning suggests that while the stock is not in a strong uptrend, it is maintaining a base from which it could resume upward momentum if positive catalysts emerge.
Mojo Score and Analyst Ratings
Anupam Rasayan’s current Mojo Score stands at 62.0, reflecting a Hold rating, which is a downgrade from the previous Buy rating assigned on 16 Feb 2026. The Market Cap Grade is 3, indicating a mid-tier market capitalisation relative to peers. This downgrade aligns with the mixed technical signals and recent price momentum shifts, signalling investors to exercise caution and monitor developments closely.
Investment Implications and Outlook
Investors should note that while Anupam Rasayan has demonstrated strong long-term returns, the recent technical shifts suggest a period of consolidation or mild correction may be underway. The mildly bullish daily moving averages and bullish monthly indicators provide some reassurance, but the weekly bearish signals and neutral RSI imply that short-term volatility could persist.
Given the specialty chemicals sector’s cyclical nature and sensitivity to global economic conditions, investors should weigh these technical signals alongside fundamental factors such as earnings growth, raw material costs, and regulatory developments.
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Summary
Anupam Rasayan India Ltd’s technical landscape is currently characterised by a transition from a strong bullish trend to a more cautious mildly bullish stance. Mixed signals from MACD, RSI, KST, and volume indicators highlight the importance of a balanced approach for investors. While the monthly charts maintain a bullish outlook, weekly and daily indicators suggest short-term consolidation or mild bearishness. The recent downgrade in Mojo Grade from Buy to Hold further emphasises the need for vigilance.
Long-term investors may find comfort in the stock’s impressive multi-year returns and underlying sector strength, but short-term traders should be prepared for potential volatility. Monitoring key support levels around current moving averages and watching for confirmation of trend direction in coming weeks will be critical for making informed decisions.
