Technical Momentum and Price Action Overview
On 13 February 2026, Balaji Telefilms closed at ₹93.29, down 3.64% from the previous close of ₹96.81. The stock traded within a range of ₹91.61 to ₹96.99 during the session, reflecting increased volatility. This price action comes against a backdrop of a 52-week high of ₹139.99 and a low of ₹49.18, indicating the stock remains closer to its mid-range levels but well off its peak.
The recent downward price movement has contributed to a shift in the technical trend from mildly bullish to mildly bearish, signalling a potential change in investor sentiment and momentum.
MACD and Momentum Indicators Paint a Mixed Picture
The Moving Average Convergence Divergence (MACD) indicator reveals a divergence in timeframes. On the weekly chart, the MACD is bearish, suggesting downward momentum in the near term. Conversely, the monthly MACD remains bullish, indicating that the longer-term trend still favours upward movement. This dichotomy highlights a tension between short-term selling pressure and longer-term accumulation.
Similarly, the Know Sure Thing (KST) indicator aligns with this mixed view: bearish on the weekly timeframe but bullish monthly. This suggests that while short-term momentum is weakening, the broader trend may still hold some strength.
Relative Strength Index and Bollinger Bands
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, hovering in neutral territory. This lack of directional momentum from RSI implies that the stock is neither overbought nor oversold, leaving room for either a rebound or further decline depending on market catalysts.
Bollinger Bands provide additional nuance. On the weekly scale, the bands indicate a mildly bearish stance, with price action trending towards the lower band, signalling increased selling pressure. However, the monthly Bollinger Bands remain bullish, consistent with the longer-term MACD and KST signals.
Moving Averages and Volume Trends
Daily moving averages have turned bearish, reinforcing the short-term negative momentum. The stock price currently trades below key moving averages, which often acts as resistance in a downtrend. This technical setup suggests that unless the price breaks above these averages convincingly, the bearish momentum may persist.
On the volume front, the On-Balance Volume (OBV) indicator is bullish on both weekly and monthly charts. This suggests that despite recent price weakness, accumulation by investors continues, which could provide a foundation for a potential recovery if selling pressure eases.
Handpicked from 50, scrutinized by experts – Our recent selection, this Mid Cap from Bank - Public, is already delivering results. Don't miss next month's pick!
- - Expert-scrutinized selection
- - Already delivering results
- - Monthly focused approach
Dow Theory and Broader Trend Analysis
According to Dow Theory, the weekly trend remains mildly bullish, while the monthly trend has shifted to mildly bearish. This further emphasises the conflicting signals between short-term and long-term perspectives. Investors should be mindful that the monthly bearishness could foreshadow a more sustained correction if weekly bullishness fails to hold.
Comparative Performance Versus Sensex
Balaji Telefilms has delivered a mixed performance relative to the Sensex over various time horizons. Over the past week, the stock outperformed the benchmark with a 2.21% gain compared to Sensex’s 0.43%. However, over the last month and year-to-date periods, the stock underperformed significantly, declining 12.20% and 11.11% respectively, while the Sensex fell marginally by 0.24% and 1.81%.
On a longer-term basis, Balaji Telefilms has outpaced the Sensex over one and three years, with returns of 37.60% and 95.58% respectively, compared to the Sensex’s 9.85% and 37.89%. However, over five and ten years, the stock lagged, returning 52.68% and -2.11%, while the Sensex surged 62.34% and 264.02%. This uneven performance underscores the stock’s volatility and sector-specific challenges.
Mojo Score and Analyst Ratings
MarketsMOJO assigns Balaji Telefilms a Mojo Score of 9.0, reflecting a strong sell recommendation. The Mojo Grade was recently downgraded from Sell to Strong Sell on 29 December 2025, signalling deteriorating fundamentals or technical outlook. The Market Cap Grade stands at 4, indicating a mid-tier market capitalisation relative to peers.
This downgrade aligns with the technical indicators’ shift towards bearishness and suggests that investors should exercise caution and consider risk management strategies.
Why settle for Balaji Telefilms Ltd? SwitchER evaluates this Media & Entertainment micro-cap against peers, other sectors, and market caps to find you superior investment opportunities!
- - Comprehensive evaluation done
- - Superior opportunities identified
- - Smart switching enabled
Investor Takeaway and Outlook
Balaji Telefilms currently presents a complex technical picture. Short-term indicators such as daily moving averages, weekly MACD, and Bollinger Bands point to bearish momentum, while longer-term monthly indicators and volume trends suggest underlying strength. This divergence implies that the stock may be undergoing a consolidation phase or a corrective pullback within a broader uptrend.
Investors should monitor key support levels near ₹90 and watch for a sustained break above daily moving averages to confirm any reversal in short-term momentum. Given the strong sell Mojo Grade and recent price weakness, risk-averse investors might consider reducing exposure or waiting for clearer technical confirmation before initiating new positions.
Meanwhile, the stock’s historical outperformance over one and three years relative to the Sensex indicates potential for recovery if sector fundamentals improve and market sentiment stabilises.
Summary of Key Technical Metrics:
- Current Price: ₹93.29 (down 3.64%)
- 52-Week Range: ₹49.18 – ₹139.99
- MACD: Weekly Bearish, Monthly Bullish
- RSI: Neutral on Weekly and Monthly
- Bollinger Bands: Weekly Mildly Bearish, Monthly Bullish
- Moving Averages: Daily Bearish
- KST: Weekly Bearish, Monthly Bullish
- Dow Theory: Weekly Mildly Bullish, Monthly Mildly Bearish
- OBV: Bullish on Weekly and Monthly
- Mojo Score: 9.0 (Strong Sell)
In conclusion, Balaji Telefilms Ltd’s technical parameters have shifted towards caution, reflecting a nuanced balance between short-term weakness and longer-term resilience. Investors should weigh these signals carefully within the context of their portfolio strategy and risk tolerance.
Unlock special upgrade rates for a limited period. Start Saving Now →
