Technical Trend Shift and Market Performance
Everest Industries Ltd (NSE: 530274) has seen its technical trend change from mildly bearish to outright bearish, signalling a more pronounced negative momentum. The stock closed at ₹513.10 on 1 Jan 2026, down 2.25% from the previous close of ₹524.90. Intraday, it traded between ₹513.10 and ₹533.30, reflecting volatility but an overall downward bias.
Over the past week, the stock has declined by 2.68%, significantly underperforming the Sensex’s modest 0.22% loss. The one-month return is also negative at -1.27%, compared to the Sensex’s -0.49%. Year-to-date and one-year returns stand at a steep -33.94%, while the Sensex has gained 9.06% over the same period. This divergence highlights Everest Industries’ relative weakness amid broader market resilience.
MACD and Momentum Indicators Confirm Bearishness
The Moving Average Convergence Divergence (MACD) indicator remains bearish on both weekly and monthly timeframes, underscoring sustained downward momentum. The MACD line continues to trade below the signal line, with no signs of a bullish crossover in the near term. This technical setup suggests that selling pressure remains dominant.
Similarly, the Know Sure Thing (KST) oscillator aligns with this bearish stance, showing negative readings on weekly and monthly charts. The absence of any positive divergence or upward momentum in these oscillators reinforces the likelihood of continued price weakness.
Moving Averages and Bollinger Bands Signal Downtrend
Daily moving averages have turned bearish, with the stock price trading below key averages such as the 50-day and 200-day moving averages. This positioning typically indicates a downtrend, as shorter-term averages remain below longer-term ones, confirming negative price action.
Bollinger Bands on weekly and monthly charts also reflect bearish conditions. The stock price is hugging or moving towards the lower band, signalling increased volatility and downward pressure. This technical configuration often precedes further declines or consolidation at lower levels.
RSI and Volume-Based Indicators Show Neutral to Mildly Bearish Signals
The Relative Strength Index (RSI) on weekly and monthly timeframes currently shows no clear signal, hovering in a neutral zone without indicating oversold or overbought conditions. This suggests that while momentum is negative, the stock is not yet in an extreme technical state that might prompt a sharp reversal.
On-Balance Volume (OBV) indicators present a mildly bearish trend on monthly charts, implying that volume flow is not supporting any significant price recovery. The lack of strong buying volume further dampens prospects for a near-term rebound.
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Dow Theory and Broader Trend Analysis
According to Dow Theory, Everest Industries shows no clear trend on a weekly basis, while the monthly trend is mildly bearish. This mixed signal suggests that while short-term momentum is weak, the longer-term downtrend is still developing but not yet fully entrenched.
The stock’s 52-week high of ₹815.00 and low of ₹421.20 frame its current price near the lower end of this range, indicating significant depreciation over the past year. Despite a five-year return of 56.53%, the recent 3-year and 1-year returns have deteriorated sharply, with the stock lagging the Sensex’s robust 40.07% and 9.06% gains respectively.
Mojo Score and Market Capitalisation Insights
Everest Industries’ Mojo Score has declined to 1.0, reflecting a Strong Sell rating as of 29 Sep 2025, an upgrade in severity from the previous Sell grade. This rating is supported by a Market Cap Grade of 4, indicating moderate market capitalisation but insufficient to offset the negative technical and fundamental signals.
The downgrade in Mojo Grade underscores the growing consensus among analysts and technical models that Everest Industries is facing significant headwinds. Investors should exercise caution given the prevailing bearish momentum and lack of positive technical triggers.
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Investor Takeaway and Outlook
Given the comprehensive technical deterioration, Everest Industries Ltd currently presents a challenging investment proposition. The alignment of bearish signals across MACD, moving averages, Bollinger Bands, and KST oscillators suggests that the stock may continue to face downward pressure in the near term.
While the RSI and OBV indicators do not yet signal extreme oversold conditions, the absence of positive volume support and trend confirmation means that any recovery attempts may be limited or short-lived. Investors should weigh these technical factors alongside fundamental considerations before committing capital.
Comparatively, the stock’s underperformance relative to the Sensex over multiple time horizons highlights its vulnerability within the broader market context. The downgrade to a Strong Sell rating by MarketsMOJO further emphasises the need for caution.
Long-term investors may wish to monitor for signs of technical stabilisation or improvement in momentum indicators before considering entry. Meanwhile, traders might look for confirmation of trend reversals or sustained volume increases as potential signals to reassess positions.
Summary of Key Technical Metrics:
- MACD: Weekly and Monthly Bearish
- RSI: Neutral on Weekly and Monthly
- Bollinger Bands: Bearish on Weekly and Monthly
- Moving Averages: Daily Bearish (Price below 50-day and 200-day)
- KST: Bearish on Weekly and Monthly
- Dow Theory: No Trend Weekly, Mildly Bearish Monthly
- OBV: No Trend Weekly, Mildly Bearish Monthly
These indicators collectively paint a picture of a stock in technical decline, with limited immediate upside potential.
Historical Price Context
Everest Industries’ current price of ₹513.10 is significantly below its 52-week high of ₹815.00, representing a decline of approximately 37%. The 52-week low of ₹421.20 provides a potential support level, though the stock has yet to demonstrate a clear rebound from this range.
Over the last decade, the stock has delivered a cumulative return of 86.92%, trailing the Sensex’s 226.30% gain, indicating underperformance over the long term. The recent sharp declines over one and three years highlight the stock’s current struggles within its sector and market environment.
Conclusion
Everest Industries Ltd is currently navigating a challenging technical landscape, with multiple indicators confirming bearish momentum and a downgrade to Strong Sell status. Investors should approach the stock with caution, considering alternative opportunities within the miscellaneous sector or broader market that may offer more favourable risk-reward profiles.
Monitoring technical signals for any signs of reversal or stabilisation will be crucial before reassessing the stock’s outlook. Until then, the prevailing trend suggests continued pressure on price levels and limited near-term upside.
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