Indo Thai Securities Ltd Faces Technical Momentum Shift Amid Market Volatility

Technical Trend Overview and Price Movement

As of 2 Jan 2026, Indo Thai Securities Ltd closed at ₹281.60, down 4.99% from the previous close of ₹296.40. The stock’s intraday range was relatively narrow, with a low of ₹281.60 and a high of ₹291.45. This decline comes amid a broader technical trend shift from mildly bullish to sideways, signalling a pause in upward momentum after a period of strength.

The stock remains well below its 52-week high of ₹470.00 but comfortably above its 52-week low of ₹121.28, indicating a wide trading range over the past year. This volatility is reflected in the recent price action, which has seen sharper declines over the short term, with weekly returns down by 17.77% compared to the Sensex’s marginal 0.26% fall. Over the past month, the stock has dropped 30.43%, significantly underperforming the Sensex’s 0.53% decline.

MACD Signals: Divergent Weekly and Monthly Perspectives

The Moving Average Convergence Divergence (MACD) indicator presents a nuanced picture. On a weekly basis, the MACD is mildly bearish, suggesting that short-term momentum is weakening. This is consistent with the recent price pullback and the sideways trend. However, the monthly MACD remains bullish, indicating that the longer-term momentum is still intact and that the recent weakness may be a temporary correction rather than a reversal.

This divergence between weekly and monthly MACD readings highlights the importance of timeframe in technical analysis. Short-term traders may interpret the weekly bearishness as a signal to exercise caution or take profits, while longer-term investors might view the monthly bullishness as a sign to hold positions or accumulate on dips.

RSI and Momentum Oscillators: Neutral to Bearish Bias

The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, hovering in neutral territory. This suggests that the stock is neither overbought nor oversold, reinforcing the sideways momentum narrative. Meanwhile, the Know Sure Thing (KST) oscillator is mildly bearish on both weekly and monthly timeframes, adding to the cautious tone among momentum indicators.

Other momentum measures such as the On-Balance Volume (OBV) are mildly bearish on the weekly scale but show no definitive trend monthly. This mixed volume signal implies that selling pressure has increased recently but lacks conviction over the longer term.

Moving Averages and Bollinger Bands: Conflicting Signals

Daily moving averages remain mildly bullish, suggesting that the short-term trend still favours buyers. This is an important counterbalance to the weekly bearishness seen in other indicators. The Bollinger Bands add further complexity: weekly bands are bearish, indicating price pressure towards the lower band, while monthly bands are mildly bullish, signalling potential support at higher timeframes.

Such conflicting signals often occur during consolidation phases, where the stock price oscillates within a range as market participants digest recent gains and reassess valuations.

Dow Theory and Broader Technical Context

According to Dow Theory assessments, both weekly and monthly trends are mildly bearish. This suggests that the stock is currently in a corrective phase within a longer-term uptrend. The mild bearishness aligns with the recent price pullback and the sideways momentum, indicating that the stock may be consolidating before the next directional move.

Investors should note that such phases are common in stocks with strong historical performance, allowing the market to absorb gains and build a base for future advances.

Long-Term Returns and Market Comparison

Despite recent technical softness, Indo Thai Securities Ltd has delivered exceptional long-term returns. Over the past year, the stock has surged 110.62%, vastly outperforming the Sensex’s 8.51% gain. Over three years, the stock’s return stands at an extraordinary 763.14%, compared to the Sensex’s 40.02%. The five- and ten-year returns are even more striking, at 9,832.98% and 10,689.27% respectively, dwarfing the Sensex’s 77.96% and 225.63% gains over the same periods.

This remarkable outperformance underscores the company’s strong fundamentals and growth prospects, which continue to underpin investor confidence despite short-term technical fluctuations.

Mojo Score and Rating Update

MarketsMOJO assigns Indo Thai Securities Ltd a Mojo Score of 58.0, reflecting a Hold rating as of 2 Jan 2026. This represents a downgrade from the previous Buy rating issued on 8 Dec 2025. The downgrade is consistent with the recent technical momentum shift and the mixed signals from key indicators.

The company’s Market Cap Grade stands at 3, indicating a mid-tier capitalisation within the Capital Markets sector. This rating adjustment suggests that while the stock remains fundamentally sound, investors should exercise caution and monitor technical developments closely before initiating new positions.

Investor Takeaway and Outlook

Indo Thai Securities Ltd’s recent technical momentum shift from mildly bullish to sideways reflects a period of consolidation amid mixed indicator signals. The weekly MACD and KST oscillators point to short-term caution, while monthly indicators maintain a more optimistic outlook. The neutral RSI and conflicting Bollinger Bands further highlight the stock’s current indecision phase.

Given the stock’s stellar long-term returns and strong fundamental base, this consolidation may represent a healthy pause rather than a reversal. Investors with a medium to long-term horizon might consider holding existing positions, while short-term traders should watch for confirmation of trend direction before committing fresh capital.

Overall, the downgrade to Hold by MarketsMOJO reflects a prudent stance in light of recent price weakness and technical uncertainty. Continued monitoring of momentum indicators and price action will be essential to gauge the stock’s next directional move.

Summary of Key Technical Indicators:

• MACD: Weekly mildly bearish, Monthly bullish


• RSI: Neutral on weekly and monthly charts


• Bollinger Bands: Weekly bearish, Monthly mildly bullish


• Moving Averages: Daily mildly bullish


• KST: Mildly bearish on weekly and monthly


• Dow Theory: Mildly bearish on weekly and monthly


• OBV: Mildly bearish weekly, no trend monthly

Investors should weigh these technical signals alongside Indo Thai Securities Ltd’s strong fundamental credentials and exceptional long-term performance when making investment decisions.

Only Rs. 9,999 - Get MojoOne + Stock of the Week for 1 Year (MRP = Rs. 34,999) Start Today