Anupam Rasayan India Ltd Technical Momentum Shifts Signal Bullish Outlook

Technical Trend Evolution and Price Movement

As of 20 Feb 2026, Anupam Rasayan’s share price closed at ₹1,310.60, marking a 1.67% increase from the previous close of ₹1,289.05. The stock traded within a range of ₹1,275.00 to ₹1,352.00 during the day, approaching its 52-week high of ₹1,405.00, a significant recovery from its 52-week low of ₹600.95. This price action reflects a robust upward momentum, supported by a technical trend upgrade from mildly bullish to bullish.

The daily moving averages have turned decisively bullish, indicating that short-term price momentum is gaining strength. This is complemented by the weekly and monthly KST (Know Sure Thing) indicators, both signalling bullish momentum, reinforcing the positive outlook for the stock’s medium to long-term trajectory.

MACD and RSI: Mixed Signals but Overall Positive

The Moving Average Convergence Divergence (MACD) indicator presents a nuanced picture. On a weekly basis, the MACD remains mildly bearish, suggesting some short-term consolidation or profit-taking phases. However, the monthly MACD is bullish, indicating that the longer-term momentum is firmly positive. This divergence between weekly and monthly MACD readings suggests that while short-term volatility may persist, the broader trend favours upward movement.

Relative Strength Index (RSI) readings add further complexity. The weekly RSI currently shows no clear signal, hovering in a neutral zone that neither indicates overbought nor oversold conditions. Conversely, the monthly RSI is bearish, which could imply some caution in the longer term due to potential overextension or upcoming corrections. Investors should monitor RSI levels closely for any shifts that might signal a change in momentum.

Bollinger Bands and On-Balance Volume (OBV) Insights

Bollinger Bands analysis reveals mildly bullish conditions on the weekly chart and bullish signals on the monthly chart. This suggests that price volatility is expanding upwards, with the stock price trending towards the upper band, often interpreted as a sign of strength. Meanwhile, the On-Balance Volume (OBV) indicator shows no clear trend on the weekly scale but is bullish on the monthly scale, indicating that buying volume is supporting the price rise over the longer term.

Dow Theory and Moving Averages Confirm Bullish Bias

Dow Theory assessments on both weekly and monthly timeframes confirm a bullish trend, reinforcing the technical upgrade. The alignment of higher highs and higher lows in price action supports this positive outlook. Daily moving averages further corroborate this, with short-term averages crossing above longer-term averages, a classic bullish signal.

Comparative Returns and Market Context

From a returns perspective, Anupam Rasayan has outperformed the Sensex significantly over the past year and three years. The stock delivered a remarkable 108.78% return year-to-date compared to the Sensex’s 8.64%, and a 108.36% return over three years against the Sensex’s 35.24%. However, in the short term, the stock underperformed the benchmark with a 4.4% decline over the past week versus the Sensex’s 1.41% fall. Over one month, the stock gained 0.8% while the Sensex declined 0.9%, indicating a recent recovery phase.

Mojo Score and Rating Revision

Anupam Rasayan’s MarketsMOJO score currently stands at 62.0, reflecting a Hold rating, which was downgraded from a Buy on 16 Feb 2026. This adjustment signals a more cautious stance by analysts, likely influenced by mixed technical signals such as the weekly MACD bearishness and monthly RSI bearishness. The Market Cap Grade is 3, indicating a mid-tier market capitalisation relative to peers in the specialty chemicals sector.

Despite the downgrade, the technical trend upgrade to bullish suggests that the stock is in a phase of consolidation before potentially resuming an upward trajectory. Investors should weigh the Hold rating against the improving technical momentum and strong historical returns.

Sector and Industry Positioning

Operating within the specialty chemicals sector, Anupam Rasayan benefits from sector tailwinds driven by increasing demand for speciality chemical products in pharmaceuticals, agrochemicals, and performance materials. The sector’s growth prospects remain robust, supported by innovation and export opportunities. The company’s technical indicators, particularly the bullish monthly MACD and KST, align with the sector’s positive outlook, suggesting that Anupam Rasayan could capitalise on favourable industry dynamics.

Investor Considerations and Outlook

For investors, the current technical landscape presents a mixed but cautiously optimistic picture. The bullish daily moving averages and monthly momentum indicators suggest that the stock is poised for further gains, potentially challenging its 52-week high of ₹1,405.00. However, the weekly MACD’s mild bearishness and monthly RSI’s bearish signal warrant vigilance for possible short-term pullbacks or consolidation phases.

Given the stock’s strong long-term returns and improving technical trend, investors with a medium to long-term horizon may consider maintaining exposure while monitoring key technical levels. Short-term traders should watch for confirmation of bullish momentum through weekly MACD and RSI improvements before committing additional capital.

Summary

Anupam Rasayan India Ltd’s technical parameters have shifted towards a more bullish stance, supported by daily moving averages, monthly MACD, KST, and Dow Theory signals. While some indicators such as weekly MACD and monthly RSI suggest caution, the overall momentum is positive. The stock’s strong historical returns relative to the Sensex and sector fundamentals provide a solid backdrop for potential gains. Investors should balance the Hold rating with the improving technical outlook and sector prospects when considering their positions.

Limited Period Only. Start at Rs. 9,999 - Get MojoOne for 1 Year + 3 Months FREE (60% Off) Get 71% Off →