Info Edge (India) Ltd Technical Momentum Shifts Amid Mixed Market Signals

Technical Trend Overview

The stock’s overall technical trend has shifted from a clear bearish stance to a mildly bearish one, indicating a tentative improvement but still reflecting underlying weakness. This subtle change is underscored by the mixed signals from various technical indicators across different timeframes.

On the weekly chart, the Moving Average Convergence Divergence (MACD) indicator has turned mildly bullish, suggesting some positive momentum building in the near term. However, the monthly MACD remains mildly bearish, signalling that longer-term momentum has yet to fully recover. This divergence between weekly and monthly MACD readings highlights the stock’s current transitional phase.

The Relative Strength Index (RSI) adds further nuance: while the weekly RSI shows no clear signal, the monthly RSI is bullish, indicating that the stock may be gaining strength over a longer horizon. This could imply that the stock is gradually overcoming oversold conditions, potentially setting the stage for a more sustained recovery.

Moving Averages and Bollinger Bands

Daily moving averages remain bearish, reflecting short-term selling pressure. The stock’s current price of ₹1,332.50 is slightly above the previous close of ₹1,308.85 but remains well below its 52-week high of ₹1,636.25. This gap suggests that while there is some buying interest, the stock has yet to regain its previous highs.

Bollinger Bands on both weekly and monthly charts are mildly bearish, indicating that volatility remains elevated and the stock price is trading near the lower band. This technical setup often signals caution, as prices may be vulnerable to further downside or consolidation before a decisive move.

Additional Momentum Indicators

The Know Sure Thing (KST) oscillator presents a split view: weekly readings are mildly bullish, while monthly readings remain mildly bearish. This again reflects the stock’s current indecision between short-term recovery and longer-term caution.

Dow Theory analysis aligns with this mixed picture, showing mildly bearish trends on both weekly and monthly timeframes. This suggests that the broader market sentiment for Info Edge remains cautious, with no clear breakout in either direction.

On-Balance Volume (OBV) readings add an interesting dimension: weekly OBV is mildly bearish, indicating that volume trends have not strongly supported recent price gains. Conversely, monthly OBV is mildly bullish, hinting at accumulation over a longer period, which could provide a foundation for future price strength.

Price Performance Relative to Sensex

Examining Info Edge’s price returns relative to the Sensex reveals a mixed performance over various timeframes. Over the past week, the stock outperformed the benchmark with a 2.00% gain compared to the Sensex’s 1.77% decline, signalling short-term resilience. However, over the last month and year-to-date periods, Info Edge has marginally underperformed, with returns of -0.66% and -0.09% respectively, against Sensex declines of -3.56% and -3.89%.

Longer-term returns tell a more positive story. Over three years, Info Edge has delivered an impressive 81.59% gain, significantly outpacing the Sensex’s 35.12% rise. Even over a decade, the stock has surged by 730.22%, dwarfing the benchmark’s 241.83% increase. This long-term outperformance underscores the company’s strong growth trajectory despite recent volatility.

Market Capitalisation and Mojo Score

Info Edge currently holds a Market Cap Grade of 1, reflecting its status as a large-cap stock within the e-retail and e-commerce sector. However, its Mojo Score has declined to 48.0, resulting in a downgrade from Hold to Sell as of 1 July 2025. This downgrade reflects the technical indicators’ cautious stance and the stock’s recent price momentum challenges.

Investors should note that the downgrade is driven by a combination of bearish daily moving averages, mildly bearish Bollinger Bands, and mixed momentum indicators. While some weekly and monthly signals hint at potential recovery, the overall technical environment remains fragile.

Trading Range and Volatility

On 22 January 2026, Info Edge traded within a range of ₹1,268.70 to ₹1,341.95, closing at ₹1,332.50. This intraday volatility reflects investor uncertainty amid the mixed technical backdrop. The stock remains closer to its 52-week low of ₹1,151.45 than its high, indicating that significant upside is required to regain bullish momentum.

Investor Takeaway

Info Edge’s current technical profile suggests a cautious approach for investors. The mildly bearish overall trend, combined with bearish daily moving averages and mixed momentum indicators, indicates that the stock is navigating a period of consolidation and uncertainty. While weekly and monthly signals such as the bullish monthly RSI and mildly bullish weekly MACD offer some hope for recovery, these are tempered by bearish Bollinger Bands and Dow Theory assessments.

Long-term investors may find comfort in the stock’s strong multi-year returns and accumulation signals from monthly OBV. However, short-term traders should be wary of the prevailing volatility and the stock’s proximity to its lower trading range.

Given the downgrade in Mojo Grade from Hold to Sell, it is clear that the technical outlook has deteriorated enough to warrant caution. Investors should monitor key support levels near ₹1,150 and resistance around ₹1,640 to gauge the stock’s next directional move.

In summary, Info Edge (India) Ltd is at a technical crossroads, with mixed signals reflecting a mild shift in momentum but no definitive trend reversal. Market participants should weigh these factors carefully within the broader context of sector dynamics and market conditions.

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