Gravita India Ltd Technical Momentum Shifts Amid Mixed Market Signals

Technical Trend Overview and Price Movement

As of 17 Feb 2026, Gravita India Ltd closed at ₹1,666.00, slightly up from the previous close of ₹1,659.35. The stock traded within a range of ₹1,622.70 to ₹1,671.45 during the day, reflecting moderate intraday volatility. Over the past 52 weeks, the stock has seen a high of ₹2,169.90 and a low of ₹1,435.00, indicating a wide trading band and significant price fluctuations over the year.

The technical trend has shifted from mildly bearish to bearish, signalling increased selling pressure or weakening bullish conviction. This shift is corroborated by the daily moving averages, which currently indicate a bearish trend, suggesting that the stock price is trading below key average price levels, a classic sign of downward momentum.

MACD and Momentum Oscillators Signal Bearishness

The Moving Average Convergence Divergence (MACD) indicator, a widely used momentum oscillator, presents a bearish outlook on the weekly chart and a mildly bearish stance on the monthly chart. This divergence suggests that while short-term momentum is clearly negative, longer-term momentum is only slightly weak, hinting at potential consolidation or a slow down in the bearish trend over the coming months.

Meanwhile, the Relative Strength Index (RSI) remains neutral on both weekly and monthly timeframes, providing no clear overbought or oversold signals. This lack of RSI signal indicates that the stock is neither excessively sold off nor overbought, which could imply that the current bearish momentum is not yet extreme enough to trigger a reversal based on this oscillator.

Bollinger Bands and KST Confirm Bearish Bias

Bollinger Bands, which measure volatility and price levels relative to moving averages, are mildly bearish on both weekly and monthly charts. This suggests that the stock price is trending towards the lower band, indicating downward pressure but not yet at an extreme level of volatility or price deviation.

The Know Sure Thing (KST) indicator, another momentum oscillator, aligns with this bearish sentiment, showing bearish signals on the weekly chart and mildly bearish on the monthly chart. This consistency across multiple momentum indicators reinforces the view that Gravita India is currently experiencing weakening price momentum.

Mixed Signals from Dow Theory and On-Balance Volume

Interestingly, the Dow Theory assessment offers a mildly bullish signal on the weekly timeframe, suggesting some underlying strength or potential for a short-term rebound. However, the monthly Dow Theory reading shows no clear trend, indicating uncertainty in the longer-term directional bias.

On-Balance Volume (OBV), which tracks volume flow to confirm price trends, shows no discernible trend on either weekly or monthly charts. This absence of volume confirmation may imply that the current price movements lack strong conviction from market participants, adding to the mixed technical picture.

Comparative Performance Against Sensex

Examining Gravita India’s returns relative to the Sensex provides further context to its technical signals. Over the past week, the stock declined by 0.47%, outperforming the Sensex’s sharper fall of 0.94%. Over one month, Gravita surged 4.58%, significantly outpacing the Sensex’s marginal decline of 0.35%. However, year-to-date (YTD) performance shows a 10.34% drop for Gravita, underperforming the Sensex’s 2.28% decline.

Longer-term returns paint a more favourable picture for Gravita. Over one year, the stock gained 1.05%, lagging the Sensex’s 9.66% rise. Yet, over three years, Gravita’s return of 228.02% vastly outstrips the Sensex’s 35.81%. The five-year and ten-year returns are even more striking, with Gravita delivering 2,118.38% and 7,612.96% respectively, dwarfing the Sensex’s 59.83% and 259.08% gains. These figures underscore Gravita’s strong long-term growth trajectory despite recent technical headwinds.

Mojo Score and Rating Upgrade

MarketsMOJO’s proprietary scoring system currently assigns Gravita India a Mojo Score of 54.0, categorising it as a ‘Hold’ with a Market Cap Grade of 3. This represents an upgrade from a previous ‘Sell’ rating as of 24 Oct 2025, reflecting improved fundamentals or technical outlook. The upgrade suggests cautious optimism among analysts, balancing the recent bearish technical signals with the company’s robust long-term performance and valuation metrics.

Technical Indicators Suggest Caution but Not Capitulation

The convergence of bearish signals from MACD, moving averages, Bollinger Bands, and KST indicates that Gravita India is currently under selling pressure and may face further downside risk in the near term. However, the neutral RSI and lack of volume confirmation via OBV suggest that the stock has not yet reached oversold extremes or a capitulation point that typically precedes a strong rebound.

Investors should monitor key support levels near the 52-week low of ₹1,435.00 and watch for any bullish divergences in momentum indicators or volume spikes that could signal a reversal. The mildly bullish weekly Dow Theory reading also hints at potential short-term relief rallies, though these may be limited without broader market support.

Conclusion: A Hold with Watchful Eye Recommended

Gravita India Ltd’s technical parameters have shifted towards a bearish momentum, signalling caution for short-term traders. The stock’s current price action and technical indicators suggest that while downside risks have increased, there is no immediate sign of a sharp reversal or capitulation. The neutral RSI and lack of volume trend reinforce this measured outlook.

Long-term investors may find comfort in Gravita’s impressive multi-year returns and recent upgrade to a ‘Hold’ rating by MarketsMOJO, reflecting balanced fundamentals and valuation. However, given the mixed technical signals and the stock’s underperformance year-to-date relative to the Sensex, a watchful approach is advisable. Monitoring key technical levels and momentum indicators will be crucial to identify any emerging opportunities or risks.

In summary, Gravita India Ltd currently presents a complex technical picture with bearish momentum tempered by neutral oscillators and strong long-term fundamentals. Investors should weigh these factors carefully and consider their risk tolerance before making new commitments.

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