Technical Trend Overview and Price Movement
Goodluck India Ltd’s current price stands at ₹1,214.00, virtually unchanged from the previous close of ₹1,214.10. The stock traded within a range of ₹1,192.00 to ₹1,235.00 today, reflecting a relatively narrow intraday volatility. The 52-week high is ₹1,352.80, while the 52-week low remains at ₹588.95, indicating a substantial appreciation over the past year.
The technical trend has shifted from mildly bullish to sideways, signalling a pause in upward momentum. This transition suggests that while the stock has enjoyed strong gains recently, it is currently consolidating, with neither buyers nor sellers dominating the price action decisively.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator offers a nuanced view. On a weekly basis, the MACD remains bullish, indicating that the medium-term momentum is still positive. However, the monthly MACD has turned mildly bearish, hinting at a potential weakening of longer-term momentum. This divergence between weekly and monthly MACD readings suggests that while short-term traders may find opportunities, longer-term investors should exercise caution.
Complementing this, the Know Sure Thing (KST) indicator shows a bearish signal on the weekly chart but remains bullish on the monthly timeframe. This mixed reading reinforces the idea of a transitional phase where short-term momentum is under pressure, but the broader trend retains some strength.
Relative Strength Index (RSI) and Bollinger Bands
The RSI readings for both weekly and monthly periods currently show no clear signal, hovering in neutral zones. This lack of extreme RSI values indicates that the stock is neither overbought nor oversold, consistent with the sideways price action observed.
Meanwhile, Bollinger Bands are bullish on both weekly and monthly charts, suggesting that volatility remains contained within an upward trending channel. This technical setup often precedes a breakout, either upwards or downwards, depending on market catalysts.
Moving Averages and On-Balance Volume (OBV)
Daily moving averages have turned mildly bearish, signalling that recent price action has dipped below key short-term averages. This could be a warning sign for traders relying on moving average crossovers as entry or exit points.
On the volume front, the On-Balance Volume (OBV) indicator is mildly bullish on both weekly and monthly charts, indicating that buying volume is still slightly outweighing selling pressure. This divergence between price and volume trends may suggest accumulation by informed investors despite the sideways price movement.
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Dow Theory and Sector Context
According to Dow Theory, the weekly trend is mildly bullish, while the monthly trend is mildly bearish. This again highlights the conflicting signals between short-term optimism and longer-term caution. Investors should weigh these signals carefully, especially given the cyclical nature of the Iron & Steel Products sector.
Goodluck India Ltd operates in a sector that has seen significant volatility due to fluctuating raw material costs and global demand shifts. The company’s recent technical momentum must be viewed in the context of these broader sector dynamics.
Comparative Returns and Market Capitalisation
Goodluck India Ltd’s performance relative to the Sensex has been impressive over multiple time horizons. The stock has delivered a 1-week return of 11.81% compared to Sensex’s 0.23%, a 1-month return of 10.50% versus 0.77%, and a year-to-date return of 12.10% while the Sensex declined by 2.82%. Over longer periods, the stock’s outperformance is even more pronounced, with a 1-year return of 80.32% against Sensex’s 9.35%, a 3-year return of 183.51% versus 36.45%, and a remarkable 5-year return of 1,611.06% compared to Sensex’s 62.73%. Even over a decade, Goodluck India Ltd has delivered 1,395.07% returns, significantly outpacing the Sensex’s 249.29%.
The company holds a Market Cap Grade of 3, reflecting a mid-sized market capitalisation within its sector. Its Mojo Score has improved to 58.0, resulting in an upgraded Mojo Grade from Sell to Hold as of 17 Feb 2026. This upgrade signals a cautious but positive reassessment of the stock’s prospects by MarketsMOJO analysts.
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Investor Takeaways and Outlook
Goodluck India Ltd’s technical indicators present a mixed but cautiously optimistic outlook. The sideways trend following a mildly bullish phase suggests a period of consolidation, which could serve as a base for future upward moves if positive catalysts emerge. The weekly bullish MACD and Bollinger Bands support this view, while the mildly bearish monthly MACD and daily moving averages counsel prudence.
Volume trends, as indicated by OBV, show mild accumulation, which is a positive sign for potential price appreciation. However, the absence of strong RSI signals means the stock is not currently in an overbought or oversold condition, implying that any breakout could be significant.
Investors should monitor upcoming sector developments, raw material price trends, and broader market conditions. Given the stock’s strong historical outperformance relative to the Sensex, it remains an attractive candidate for investors with a medium to long-term horizon, albeit with a Hold rating reflecting the current technical consolidation.
Summary of Technical Ratings
MarketsMOJO’s comprehensive technical assessment assigns Goodluck India Ltd a Mojo Score of 58.0 and a Hold grade, upgraded from Sell on 17 Feb 2026. The stock’s technical trend is now sideways, with weekly MACD bullish and monthly MACD mildly bearish. RSI remains neutral, Bollinger Bands are bullish, and moving averages show mild bearishness on the daily scale. KST and Dow Theory indicators provide mixed signals, underscoring the need for careful monitoring.
Overall, the stock’s technical profile suggests a consolidation phase with potential for renewed momentum, making it a stock to watch closely in the coming weeks.
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