Technical Trend Overview and Price Movement
As of 5 February 2026, Bhagiradha Chemicals & Industries Ltd (stock code 109825) closed at ₹229.00, up from the previous close of ₹224.20. The intraday range was relatively narrow, with a low of ₹224.30 and a high of ₹230.00. The stock remains well below its 52-week high of ₹329.95 but comfortably above its 52-week low of ₹198.05, indicating a recovery phase from recent lows.
The technical trend has shifted from outright bearish to mildly bearish, signalling a tentative improvement in price momentum. This shift is supported by the Moving Average Convergence Divergence (MACD) indicator, which is mildly bullish on the weekly chart but mildly bearish on the monthly chart. Such divergence suggests short-term buying interest amid longer-term caution.
MACD and RSI Signals
The weekly MACD line has crossed above its signal line, a classic bullish signal that often precedes upward price movement. However, the monthly MACD remains below its signal line, indicating that the broader trend has yet to confirm a sustained uptrend. This mixed signal advises investors to remain vigilant, as short-term rallies may face resistance.
The Relative Strength Index (RSI) on both weekly and monthly timeframes currently shows no definitive signal, hovering in a neutral zone. This suggests that the stock is neither overbought nor oversold, providing no clear directional bias from momentum oscillators at present.
Bollinger Bands and Moving Averages
Bollinger Bands on both weekly and monthly charts are mildly bearish, with the stock price trading near the lower band on the weekly timeframe. This positioning often indicates increased volatility and potential downside risk, though it can also signal a possible rebound if the price moves back towards the middle band.
Daily moving averages reinforce the mildly bearish outlook, with the stock price currently below its 50-day and 200-day moving averages. This technical configuration typically suggests that the stock is under pressure in the short to medium term, although the gap between price and moving averages has narrowed, hinting at a possible consolidation phase.
Additional Technical Indicators: KST, Dow Theory, and OBV
The Know Sure Thing (KST) indicator remains bearish on the weekly chart and mildly bearish on the monthly chart, reinforcing the cautious stance. Dow Theory analysis aligns with this view, showing a mildly bearish trend on the weekly timeframe and no clear trend on the monthly timeframe, underscoring the uncertainty in the stock’s directional momentum.
On a more positive note, the On-Balance Volume (OBV) indicator is mildly bullish on both weekly and monthly charts. This suggests that volume trends are supporting the recent price gains, indicating accumulation by investors despite the broader technical caution.
Our latest monthly pick, this Large Cap from Aluminium & Aluminium Products, is outperforming the market! See the analysis that helped our Investment Committee select this winner.
- - Market-beating performance
- - Committee-backed winner
- - Aluminium & Aluminium Products standout
Comparative Performance and Market Context
Bhagiradha Chemicals has demonstrated strong relative performance against the Sensex over various time horizons. The stock returned 11.22% over the past week compared to the Sensex’s 1.79%, and 14.79% over the past month while the benchmark declined by 2.27%. Year-to-date, the stock is up 4.04% versus a 1.65% decline in the Sensex.
However, the longer-term picture is less favourable. Over the past year, Bhagiradha Chemicals has declined by 22.16%, contrasting with the Sensex’s 6.66% gain. Despite this, the stock has outperformed significantly over the medium to long term, with returns of 81.29% over three years, 496.04% over five years, and an impressive 1921.18% over ten years, far exceeding the Sensex’s respective returns of 37.76%, 65.60%, and 244.38%.
Mojo Score and Analyst Ratings
The company’s current Mojo Score stands at 27.0, reflecting a Strong Sell rating, an upgrade in severity from the previous Sell grade assigned on 5 August 2025. This downgrade signals increased caution from analysts, likely influenced by the mixed technical signals and the stock’s recent price volatility. The Market Capitalisation Grade remains low at 3, indicating a relatively small market cap within its sector.
Investors should weigh these ratings carefully, considering the stock’s technical indicators alongside fundamental factors and sector dynamics.
Considering Bhagiradha Chemicals & Industries Ltd? Wait! SwitchER has found potentially better options in Pesticides & Agrochemicals and beyond. Compare this small-cap with top-rated alternatives now!
- - Better options discovered
- - Pesticides & Agrochemicals + beyond scope
- - Top-rated alternatives ready
Sector and Industry Considerations
Operating within the Pesticides & Agrochemicals sector, Bhagiradha Chemicals faces sector-specific challenges including regulatory scrutiny, commodity price fluctuations, and evolving agricultural demand patterns. The sector has experienced volatility in recent months, with many stocks exhibiting mixed technical signals similar to Bhagiradha Chemicals.
Given the stock’s current mildly bearish technical trend and the Strong Sell Mojo Grade, investors should approach with caution. The stock’s recent outperformance relative to the Sensex in the short term may offer tactical trading opportunities, but the longer-term downtrend and technical uncertainties suggest a need for careful risk management.
Outlook and Investor Takeaways
Bhagiradha Chemicals & Industries Ltd’s technical indicators present a complex landscape. The mildly bullish weekly MACD and OBV readings offer some optimism for short-term momentum, yet the monthly MACD, Bollinger Bands, KST, and moving averages maintain a cautious, mildly bearish stance. The neutral RSI readings further underscore the lack of a decisive directional signal.
Investors should monitor key technical levels closely, particularly the 50-day and 200-day moving averages, as well as the stock’s behaviour around Bollinger Bands. A sustained move above these averages could signal a more robust recovery, while failure to hold current levels may lead to renewed selling pressure.
Given the Strong Sell Mojo Grade and the downgrade from Sell, it is advisable for investors to consider alternative opportunities within the sector or broader market, especially those with stronger technical and fundamental profiles.
Summary
In summary, Bhagiradha Chemicals & Industries Ltd is navigating a transitional phase in its technical momentum. While short-term indicators hint at mild bullishness, the overarching monthly and longer-term signals remain cautious. The stock’s recent price gains contrast with a broader bearish technical backdrop, suggesting that investors should remain vigilant and consider the stock’s risk-reward profile carefully before committing capital.
With a current price of ₹229.00 and a market cap grade of 3, the stock’s valuation and technical outlook warrant close observation amid sector volatility and mixed momentum signals.
Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →
