GAIL (India) Ltd Faces Bearish Momentum Amid Technical Downgrade

Feb 24 2026 08:03 AM IST
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GAIL (India) Ltd has experienced a notable shift in its technical parameters, moving from a mildly bearish to a bearish trend, signalling increased downside pressure on the stock. Despite some short-term positive returns, key momentum indicators such as MACD, Bollinger Bands, and moving averages suggest caution for investors as the stock navigates a challenging phase within the gas sector.
GAIL (India) Ltd Faces Bearish Momentum Amid Technical Downgrade

Technical Trend Overview

Recent technical analysis reveals that GAIL’s overall trend has deteriorated, with the technical trend now firmly classified as bearish. The Moving Average Convergence Divergence (MACD) indicator, a critical momentum gauge, shows a bearish signal on the weekly chart and a mildly bearish stance on the monthly chart. This divergence indicates that while short-term momentum is weakening, the longer-term trend is also under pressure but less severe.

The Relative Strength Index (RSI), often used to identify overbought or oversold conditions, currently shows no clear signal on both weekly and monthly timeframes. This neutrality suggests that the stock is neither in an extreme buying nor selling zone, but the absence of a bullish RSI signal adds to the cautious outlook.

Bollinger Bands, which measure volatility and potential price reversals, are signalling bearishness on both weekly and monthly charts. The stock price is hovering near the lower band, indicating increased selling pressure and the possibility of further downside if the trend persists.

Moving Averages and Momentum Indicators

On the daily chart, moving averages are mildly bearish, reflecting a recent decline in price momentum. The stock closed at ₹167.05, down from the previous close of ₹168.40, with intraday trading ranging between ₹166.45 and ₹169.45. The 52-week high stands at ₹202.65, while the 52-week low is ₹150.60, placing the current price closer to the lower end of its annual range.

The Know Sure Thing (KST) indicator, which aggregates multiple momentum signals, confirms bearish trends on both weekly and monthly charts. This reinforces the view that the stock’s momentum is weakening across multiple time horizons.

Other technical tools such as the Dow Theory and On-Balance Volume (OBV) provide mixed signals. The Dow Theory shows no clear trend on the weekly chart and a mildly bearish trend monthly, while OBV indicates no significant trend, suggesting volume is not strongly confirming price movements at present.

Price Performance Relative to Sensex

Despite the bearish technical signals, GAIL’s price performance over various periods presents a nuanced picture. Over the past week, the stock gained 1.40%, outperforming the Sensex’s modest 0.02% rise. Over one month, GAIL’s return was 3.66%, again ahead of the Sensex’s 2.15%. However, year-to-date (YTD) figures show a decline of 2.91%, slightly worse than the Sensex’s 2.26% fall.

Longer-term returns are more favourable. Over one year, GAIL posted a 1.95% gain, though this lags the Sensex’s 10.60% rise. Over three and five years, GAIL has outperformed the benchmark significantly, with returns of 70.37% and 71.77% respectively, compared to the Sensex’s 39.74% and 67.42%. Over a decade, however, the Sensex’s 255.80% gain surpasses GAIL’s 183.62%, highlighting the stock’s mixed relative performance depending on the timeframe.

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Mojo Score and Analyst Ratings

GAIL’s current Mojo Score stands at 38.0, reflecting a Sell rating, a downgrade from the previous Hold grade as of 3 Dec 2025. This downgrade aligns with the deteriorating technical indicators and suggests a cautious stance from analysts. The Market Cap Grade is rated at 1, indicating a relatively low market capitalisation quality score within the framework used by MarketsMOJO.

The downgrade to Sell is consistent with the bearish technical signals and the stock’s recent price momentum. Investors should weigh these factors carefully, especially given the stock’s proximity to its 52-week low and the lack of strong volume confirmation from OBV.

Sector and Industry Context

Operating within the gas sector, GAIL faces sector-specific challenges including fluctuating commodity prices, regulatory changes, and evolving energy demand patterns. The bearish technical signals may partly reflect broader sector headwinds, which have pressured gas stocks in recent months. However, GAIL’s long-term outperformance relative to the Sensex over three and five years indicates resilience and potential for recovery when sector conditions improve.

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Investor Takeaway and Outlook

In summary, GAIL (India) Ltd’s technical parameters have shifted towards a bearish outlook, with multiple momentum indicators signalling caution. The MACD and Bollinger Bands confirm weakening momentum, while moving averages and KST reinforce the negative trend. The absence of strong RSI or OBV signals suggests limited immediate reversal potential.

Price performance relative to the Sensex is mixed, with short-term gains offset by year-to-date declines and underperformance over the past year. Long-term returns remain robust, but the recent downgrade in Mojo Grade to Sell reflects the current technical and market challenges.

Investors should consider these technical signals alongside fundamental factors and sector dynamics before making decisions. Those with a longer investment horizon may find value in GAIL’s historical resilience, but near-term caution is warranted given the prevailing bearish momentum.

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