Current Price and Market Context
As of 20 Feb 2026, Dhanuka Agritech’s stock closed at ₹1,107.10, down 1.26% from the previous close of ₹1,121.25. The day’s trading range was between ₹1,094.45 and ₹1,121.25, reflecting some intraday volatility. The stock remains significantly below its 52-week high of ₹1,960.00, while hovering above the 52-week low of ₹1,020.00, indicating a wide trading band over the past year.
Technical Trend Analysis
The technical trend for Dhanuka Agritech has shifted from mildly bearish to bearish, signalling increased downside pressure. The daily moving averages are firmly bearish, suggesting that short-term momentum is weakening. This is corroborated by the Bollinger Bands, which are bearish on both weekly and monthly timeframes, indicating that the stock price is trending towards the lower band and may face resistance in upward moves.
The Moving Average Convergence Divergence (MACD) indicator presents a mixed scenario. On a weekly basis, the MACD remains mildly bullish, hinting at some underlying positive momentum in the medium term. However, the monthly MACD is mildly bearish, reflecting longer-term caution. This divergence between weekly and monthly MACD readings suggests that while short-term rallies may occur, the broader trend remains under pressure.
Momentum Oscillators and Volume Indicators
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, hovering in a neutral zone. This implies that the stock is neither overbought nor oversold, leaving room for directional movement based on other factors.
The Know Sure Thing (KST) indicator also reflects this duality, with a mildly bullish weekly reading contrasting with a mildly bearish monthly reading. This further emphasises the mixed momentum signals that traders and investors must weigh carefully.
On-Balance Volume (OBV) is mildly bearish on both weekly and monthly timeframes, indicating that volume trends are not supporting a strong upward price movement. This volume weakness could limit the sustainability of any short-term rallies.
Price Performance Relative to Sensex
Examining Dhanuka Agritech’s returns relative to the Sensex provides additional context. Over the past week, the stock declined by 1.57%, slightly underperforming the Sensex’s 1.41% drop. However, over the last month, the stock outperformed with a 4.13% gain compared to the Sensex’s 0.90% loss.
Year-to-date, Dhanuka Agritech has declined 6.21%, underperforming the Sensex’s 3.19% fall. Over the last year, the stock has suffered a significant 17.03% loss, while the Sensex gained 8.64%, highlighting sector-specific or company-specific challenges.
Longer-term returns paint a more positive picture. Over three years, the stock has delivered a robust 62.90% return, outperforming the Sensex’s 35.24%. Over five years, however, the stock’s 51.98% gain trails the Sensex’s 62.11%, and over ten years, the stock’s 105.80% return is well behind the Sensex’s 247.96%.
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Mojo Score and Grade Upgrade
Dhanuka Agritech’s Mojo Score currently stands at 53.0, placing it in the Hold category with a Mojo Grade of Hold. This represents an upgrade from the previous Sell rating, effective from 16 Feb 2026. The upgrade reflects an improvement in the company’s overall technical and fundamental outlook, though it remains cautious given the mixed signals from key indicators.
The Market Cap Grade is 3, indicating a mid-sized market capitalisation relative to peers in the Pesticides & Agrochemicals sector. This grading suggests moderate liquidity and investor interest, which can influence price momentum and volatility.
Technical Indicators in Detail
The daily moving averages are bearish, with the stock trading below its short-term and medium-term averages. This suggests that immediate price momentum is negative, and any rallies may face resistance near these averages.
Weekly Bollinger Bands are bearish, with the price approaching the lower band, signalling potential oversold conditions but also confirming downward pressure. Monthly Bollinger Bands reinforce this bearish stance, indicating that the stock is in a sustained downtrend over the longer term.
The absence of a clear Dow Theory trend on both weekly and monthly charts suggests that the stock is currently in a consolidation phase without a definitive directional bias. This lack of trend confirmation adds to the uncertainty surrounding the stock’s near-term prospects.
Investor Implications and Outlook
Investors should approach Dhanuka Agritech with caution given the mixed technical signals. While the weekly MACD and KST indicators hint at some underlying bullish momentum, the monthly readings and moving averages suggest that the broader trend remains bearish. The neutral RSI readings imply that the stock could move in either direction depending on upcoming market catalysts.
Given the stock’s recent underperformance relative to the Sensex on a year-to-date and one-year basis, investors should consider sector-specific risks and company fundamentals alongside technical analysis. The upgrade to a Hold rating by MarketsMOJO reflects this balanced view, signalling neither a strong buy nor a sell recommendation at present.
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Conclusion
Dhanuka Agritech Ltd’s technical landscape is characterised by a shift towards bearish momentum, tempered by some mildly bullish weekly signals. The stock’s current trading levels near ₹1,107 reflect a consolidation phase within a broader downtrend, as indicated by moving averages and Bollinger Bands. Investors should weigh these technical factors alongside fundamental considerations and sector dynamics before committing capital.
While the Mojo Grade upgrade to Hold suggests improving conditions, the mixed signals from MACD, KST, and OBV indicators counsel prudence. The stock’s relative underperformance over the past year compared to the Sensex further underscores the need for careful analysis. Those seeking exposure to the Pesticides & Agrochemicals sector may wish to monitor Dhanuka Agritech closely for confirmation of a sustained trend reversal or consider alternative opportunities with stronger momentum profiles.
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