Current Price Action and Market Context
As of 30 Dec 2025, Deep Industries Ltd closed at ₹454.00, up from the previous close of ₹440.20. The stock traded within a range of ₹424.00 to ₹456.00 during the day, reflecting some volatility but a positive intraday bias. However, this price remains significantly below its 52-week high of ₹624.50, indicating a substantial correction over the past year. The 52-week low stands at ₹386.00, placing the current price closer to the lower end of its annual range.
Comparatively, the stock’s year-to-date (YTD) return is -17.22%, starkly underperforming the Sensex’s 8.39% gain over the same period. Over one year, Deep Industries has declined by 17.9%, while the Sensex advanced 7.62%. This underperformance highlights the challenges the company faces within the oil sector, despite a robust three-year return of 241.8%, which outpaces the Sensex’s 38.54% over that timeframe.
Technical Trend and Momentum Indicators
The technical trend for Deep Industries has shifted from outright bearish to mildly bearish, signalling a tentative improvement but still reflecting underlying weakness. The Moving Average Convergence Divergence (MACD) indicator remains bearish on the weekly chart and mildly bearish on the monthly chart, suggesting that momentum is still subdued but may be stabilising.
The Relative Strength Index (RSI) shows no clear signal on both weekly and monthly timeframes, indicating a lack of strong momentum either way. This neutral RSI reading suggests the stock is neither overbought nor oversold, leaving room for potential directional moves but no definitive momentum bias.
Bollinger Bands present a mixed picture: mildly bearish on the weekly chart but mildly bullish on the monthly chart. This divergence implies short-term pressure on the stock price, while longer-term volatility and trend may be improving slightly.
Moving Averages and Other Technical Signals
Daily moving averages remain bearish, reinforcing the short-term downtrend. The KST (Know Sure Thing) indicator aligns with this view, showing bearish momentum on the weekly chart and mildly bearish on the monthly chart. These signals collectively point to a cautious outlook in the near term.
Interestingly, Dow Theory analysis offers a nuanced perspective: mildly bullish on the weekly timeframe but mildly bearish on the monthly. This suggests some short-term optimism that may not yet be confirmed over longer periods.
On-Balance Volume (OBV) shows no clear trend weekly but is mildly bullish monthly, indicating that buying volume may be gradually increasing over the longer term, which could support a future price recovery if sustained.
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Mojo Score and Rating Update
MarketsMOJO has downgraded Deep Industries Ltd from a Hold to a Sell rating as of 10 Nov 2025, reflecting the deteriorating technical and fundamental outlook. The current Mojo Score stands at 42.0, which is below the threshold for a positive recommendation. The Market Cap Grade is 3, indicating a mid-tier market capitalisation relative to peers in the oil sector.
This downgrade underscores the caution warranted by the technical signals and the stock’s underperformance relative to the broader market. Investors should weigh these factors carefully when considering exposure to Deep Industries.
Sector and Industry Context
Operating within the oil industry, Deep Industries faces sector-specific headwinds including fluctuating crude prices, regulatory challenges, and evolving energy demand dynamics. The oil sector itself has shown mixed technical signals, with some peers exhibiting stronger momentum and better fundamental metrics.
Given the stock’s current technical profile and relative weakness compared to the Sensex, investors may want to consider alternative opportunities within the sector or broader market that offer more favourable risk-reward profiles.
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Investment Implications and Outlook
While Deep Industries Ltd shows some signs of stabilisation in its technical indicators, the overall momentum remains weak. The bearish daily moving averages and persistent negative MACD readings suggest that the stock could face further downward pressure in the short term. The lack of a strong RSI signal indicates indecision among traders, which could lead to continued volatility.
Long-term investors may find some comfort in the stock’s impressive three-year return of 241.8%, which significantly outperforms the Sensex. However, the recent downgrade to a Sell rating and the current Mojo Score of 42.0 advise prudence. The mildly bullish monthly Bollinger Bands and OBV hint at a potential recovery, but confirmation through stronger volume and momentum signals is necessary before a sustained uptrend can be expected.
Given these mixed signals, investors should closely monitor upcoming quarterly results, sector developments, and broader market trends. A cautious approach with defined risk management strategies is advisable until clearer technical confirmation emerges.
Summary of Key Technical Metrics
• Current Price: ₹454.00 (up 3.13% today)
• 52-Week Range: ₹386.00 - ₹624.50
• MACD: Weekly Bearish, Monthly Mildly Bearish
• RSI: Neutral on Weekly and Monthly
• Bollinger Bands: Weekly Mildly Bearish, Monthly Mildly Bullish
• Moving Averages: Daily Bearish
• KST: Weekly Bearish, Monthly Mildly Bearish
• Dow Theory: Weekly Mildly Bullish, Monthly Mildly Bearish
• OBV: Weekly No Trend, Monthly Mildly Bullish
• Mojo Score: 42.0 (Sell, downgraded from Hold on 10 Nov 2025)
• Market Cap Grade: 3
In conclusion, Deep Industries Ltd’s technical parameters reveal a stock in transition but still burdened by bearish momentum. Investors should remain vigilant and consider alternative options within the oil sector or broader market until a more definitive technical turnaround is evident.
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