Key Events This Week
Feb 9: Strong gap up opening with 4.52% gain
Feb 10: Mixed technical signals amid price momentum shift
Feb 12: Intensified downtrend with 3.11% decline
Feb 13: Continued weakness, closing at Rs.97.00 (-3.28%)
9 February 2026: Strong Gap Up Signals Early Optimism
Exicom Tele-Systems Ltd opened the week on a positive note with a significant gap up of 5.02%, closing the day at Rs.102.50, a 4.52% gain from the previous close. This outperformance was notable against the Sensex’s 1.04% rise, reflecting a short-term bullish sentiment despite the stock’s prevailing strong sell rating by MarketsMOJO. The stock reached an intraday high of Rs.102.99, maintaining strength throughout the session. However, technical indicators painted a mixed picture, with the stock trading above its 5-day moving average but below longer-term averages, suggesting the rally might be a short-lived deviation within a broader bearish trend.
10 February 2026: Mixed Technical Signals Amid Momentum Shift
On 10 February, the stock continued its upward momentum, closing at Rs.104.66, up 2.11% on the day. Intraday volatility was evident as the price fluctuated between Rs.98.11 and Rs.103.00. Despite this gain, technical indicators presented a complex scenario. The weekly MACD showed mild bullishness, while the monthly MACD remained inconclusive. The weekly RSI hovered neutrally, contrasting with a bullish monthly RSI. Bollinger Bands and daily moving averages remained bearish, indicating persistent downside risk. The stock’s year-to-date return remained deeply negative at -13.28%, and its one-year return was a steep -49.05%, underscoring ongoing fundamental and technical challenges.
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12 February 2026: Technical Weakness Intensifies, Downtrend Deepens
The stock’s technical outlook deteriorated sharply on 12 February, closing at Rs.101.41, down 3.11% from the previous day. The intraday range was wide, between Rs.100.70 and Rs.105.70, reflecting heightened volatility. Moving averages turned decisively bearish, with the stock trading below key short- and medium-term averages. The weekly MACD remained bearish, while the monthly MACD was neutral. The weekly RSI was neutral, but the monthly RSI showed bullishness, suggesting potential longer-term stabilisation. Bollinger Bands and the Know Sure Thing indicator confirmed the bearish momentum. Dow Theory assessments classified the trend as bearish on both weekly and monthly timeframes. Despite this, the On-Balance Volume indicator showed mild weekly bullishness, hinting at some accumulation amid the downtrend.
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13 February 2026: Continued Decline Caps Off the Week
On the final trading day of the week, Exicom Tele-Systems Ltd closed at Rs.97.00, down 3.28% from the previous close. This marked the steepest daily decline of the week, reinforcing the intensified downtrend observed on 12 February. The stock’s volume increased to 21,728 shares, indicating active trading amid the sell-off. The Sensex also declined sharply by 1.40%, closing at 36,532.48, but Exicom’s larger percentage drop resulted in underperformance relative to the benchmark. The week closed with the stock near its 52-week low of Rs.93.18, underscoring persistent downward pressure and technical challenges.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.102.50 | +4.52% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.104.66 | +2.11% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.101.41 | -3.11% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.100.29 | -1.10% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.97.00 | -3.28% | 36,532.48 | -1.40% |
Key Takeaways
Positive Signals: The week began with a strong gap up and two consecutive days of gains, reflecting short-term buying interest. The weekly MACD showed mild bullishness on 10 February, and the monthly RSI remained bullish throughout the week, suggesting potential for longer-term stabilisation. The On-Balance Volume indicator showed mild weekly bullishness on 12 February, hinting at some accumulation despite the downtrend.
Cautionary Signals: Despite early gains, the stock closed the week down 1.09%, underperforming the Sensex’s 0.54% decline. Moving averages turned decisively bearish midweek, with the stock trading below key short- and medium-term averages. Bollinger Bands and the Know Sure Thing indicator confirmed bearish momentum, while Dow Theory assessments classified the trend as bearish on weekly and monthly timeframes. The stock remains near its 52-week low and carries a strong sell rating from MarketsMOJO, reflecting ongoing fundamental and technical challenges.
Conclusion
Exicom Tele-Systems Ltd’s week was marked by an initial burst of optimism followed by a pronounced technical deterioration. While early gains on 9 and 10 February outpaced the Sensex, the stock succumbed to intensified selling pressure in the latter half of the week, closing near its 52-week low. The mixed technical signals, including mild bullishness in some momentum indicators but strong bearishness in moving averages and trend analyses, underscore the complexity of the stock’s outlook. Investors should remain cautious given the strong sell rating and persistent downtrend, monitoring for any clear signs of technical reversal or fundamental improvement before considering exposure.
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