Technical Trend Overview and Price Movement
The stock closed at ₹636.90 on 17 Feb 2026, down 2.26% from the previous close of ₹651.60. Intraday price action ranged between ₹630.00 and ₹651.20, indicating increased volatility. Over the past 52 weeks, Godrej Agrovet’s price has oscillated between a low of ₹506.70 and a high of ₹876.30, underscoring significant price swings within the year.
Technically, the trend has shifted from a sideways consolidation to a mildly bearish phase. This transition is corroborated by the daily moving averages, which currently signal a mildly bearish momentum. The stock’s recent underperformance relative to its 52-week high and the downward pressure on moving averages suggest caution among traders and investors.
MACD and Momentum Indicators: A Mixed Picture
The Moving Average Convergence Divergence (MACD) indicator presents a nuanced view. On a weekly basis, the MACD remains mildly bullish, indicating some underlying positive momentum in the medium term. However, the monthly MACD has turned mildly bearish, signalling that longer-term momentum is weakening. This divergence between weekly and monthly MACD readings highlights the stock’s current technical uncertainty.
Similarly, the Know Sure Thing (KST) indicator aligns with this mixed momentum. Weekly KST readings are mildly bullish, supporting short-term optimism, while monthly KST trends have deteriorated to mildly bearish, reflecting longer-term caution.
RSI and Bollinger Bands: Neutral to Bearish Signals
The Relative Strength Index (RSI) on both weekly and monthly charts currently offers no definitive signal, hovering in neutral territory. This suggests that the stock is neither overbought nor oversold, leaving room for directional movement based on other technical factors.
Bollinger Bands provide further insight. Weekly Bollinger Bands indicate a mildly bullish stance, with price action near the upper band suggesting some buying interest. Conversely, the monthly Bollinger Bands have shifted to mildly bearish, implying that volatility and price compression may be leading to a downward breakout risk over the longer term.
Volume and On-Balance Volume (OBV) Analysis
Volume trends add another layer to the technical assessment. Weekly On-Balance Volume (OBV) shows no clear trend, indicating a lack of strong conviction among traders in the short term. However, monthly OBV readings are bullish, suggesting accumulation by longer-term investors despite recent price softness. This divergence between volume and price action may signal a potential base-building phase ahead.
Dow Theory and Moving Averages
According to Dow Theory, the weekly chart shows no clear trend, reinforcing the sideways to mildly bearish transition. The monthly Dow Theory assessment is mildly bearish, consistent with other longer-term indicators signalling caution.
Daily moving averages, including the 50-day and 200-day, have turned mildly bearish, with the shorter-term averages trending below the longer-term ones. This crossover pattern typically signals a weakening price momentum and potential for further downside in the near term.
Comparative Returns and Market Context
Despite recent technical headwinds, Godrej Agrovet has delivered strong returns over shorter periods relative to the Sensex. The stock posted a 9.38% gain over the past week and a 17.89% increase over the last month, significantly outperforming the Sensex, which declined by 0.94% and 0.35% respectively over the same periods. Year-to-date, the stock is up 11.4%, while the Sensex has fallen 2.28%.
However, over the one-year horizon, Godrej Agrovet’s return is negative at -9.67%, contrasting with the Sensex’s 9.66% gain. Over three years, the stock has outperformed the benchmark with a 42.1% return versus 35.81% for the Sensex, though over five years, it lags with a 28.93% gain compared to the Sensex’s 59.83%. This mixed performance underscores the importance of technical signals in guiding near-term trading decisions.
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Mojo Score and Rating Changes
Godrej Agrovet’s current MarketsMOJO score stands at 42.0, reflecting a cautious outlook. The Mojo Grade was downgraded from Hold to Sell on 13 Oct 2025, signalling a deterioration in the stock’s fundamental and technical quality metrics. The Market Cap Grade remains low at 3, indicating limited market capitalisation strength relative to peers.
This downgrade aligns with the technical indicators pointing to a mildly bearish trend, suggesting that investors should exercise prudence and closely monitor price action for confirmation of further downside or potential recovery.
Strategic Implications for Investors
Given the mixed technical signals, investors should consider a balanced approach. The mildly bullish weekly MACD and KST suggest some short-term upside potential, but the bearish monthly indicators and moving averages caution against aggressive accumulation. The neutral RSI readings imply that the stock is not yet oversold, leaving room for further price correction.
Traders may look for confirmation of trend direction through volume spikes or a decisive break below key moving averages. Conversely, a sustained rebound above the 50-day moving average and strengthening weekly momentum indicators could signal a resumption of upward momentum.
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Conclusion: Navigating a Complex Technical Landscape
Godrej Agrovet Ltd. currently faces a complex technical environment characterised by conflicting signals across multiple indicators and timeframes. While short-term momentum indicators such as weekly MACD and KST offer some optimism, longer-term monthly indicators and moving averages suggest a cautious stance with mildly bearish undertones.
Investors should weigh these technical factors alongside fundamental considerations and broader market conditions. The recent downgrade in Mojo Grade to Sell and the subdued Market Cap Grade reinforce the need for vigilance. Monitoring key support levels near ₹630 and resistance around ₹651 will be critical in assessing the stock’s next directional move.
Ultimately, a disciplined approach that balances momentum plays with risk management will be essential for navigating Godrej Agrovet’s evolving technical landscape in the FMCG sector.
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