Technical Trend Overview
KEI Industries, a key player in the Cables - Electricals sector, currently trades at ₹4,469.30, down from the previous close of ₹4,565.40. The stock’s 52-week high stands at ₹4,645.00, while the low is ₹2,443.70, indicating a strong recovery and upward trajectory over the past year. The recent technical trend has softened from bullish to mildly bullish, signalling a potential consolidation phase after sustained gains.
On the daily chart, moving averages remain bullish, supporting the stock’s underlying strength. However, weekly and monthly indicators present a more mixed picture. The Moving Average Convergence Divergence (MACD) remains bullish on both weekly and monthly timeframes, suggesting that the underlying momentum is intact despite short-term fluctuations.
Momentum Indicators: MACD and RSI
The MACD’s bullish readings on weekly and monthly charts indicate that KEI Industries retains positive momentum, with the MACD line above the signal line and histogram bars supporting upward movement. This is a favourable sign for investors looking for sustained strength in the stock.
Conversely, the Relative Strength Index (RSI) on both weekly and monthly scales shows no clear signal, hovering in a neutral zone. This suggests that the stock is neither overbought nor oversold, implying a balanced market interest without extreme price pressures. The lack of RSI extremes often precedes periods of sideways movement or gradual trend shifts.
Bollinger Bands and KST Analysis
Bollinger Bands provide additional insight, with weekly readings mildly bullish and monthly readings bullish. This indicates that price volatility remains contained within an upward trending channel, though the weekly mild bullishness hints at a possible short-term pause or minor retracement.
In contrast, the Know Sure Thing (KST) indicator shows mildly bearish signals on both weekly and monthly charts. This divergence between KST and MACD suggests some caution, as KST’s bearish tone may reflect underlying momentum weakening or profit-taking by market participants.
Other Technical Signals
Dow Theory assessments reveal no clear trend on the weekly chart but a mildly bullish stance on the monthly timeframe, reinforcing the idea of longer-term strength tempered by short-term uncertainty. On-Balance Volume (OBV) indicators show no definitive trend on either weekly or monthly charts, indicating that volume flow is not strongly supporting price moves at present.
Price Performance Relative to Sensex
KEI Industries’ price performance continues to impress when benchmarked against the Sensex. Over the past week, the stock declined by 2.77%, underperforming the Sensex’s 0.94% drop. However, over longer periods, KEI has outpaced the benchmark significantly: a 2.01% gain versus a 0.35% loss over one month, a 31.08% return compared to 9.66% over one year, and an extraordinary 776.51% gain over five years against the Sensex’s 59.83%.
These figures highlight KEI’s resilience and growth potential, despite short-term technical adjustments.
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Mojo Score and Rating Update
MarketsMOJO assigns KEI Industries a Mojo Score of 72.0, reflecting a solid Buy rating, though this marks a downgrade from the previous Strong Buy grade as of 16 Feb 2026. The downgrade aligns with the observed technical moderation, signalling investors to adopt a cautiously optimistic stance.
The company’s market cap grade remains low at 2, consistent with its mid-cap status, but the overall technical and fundamental outlook supports continued accumulation for long-term investors.
Moving Averages and Daily Price Action
Daily moving averages continue to support a bullish trend, with the stock price comfortably above key averages such as the 50-day and 200-day moving averages. This technical foundation suggests that despite recent price dips, the medium-term trend remains intact.
Today’s trading range between ₹4,469.30 and ₹4,585.95 shows intraday volatility but no decisive breakdown below critical support levels. This price action may indicate consolidation before the next directional move.
Technical Outlook and Investor Implications
The mixed signals from momentum indicators and trend analyses suggest that KEI Industries is in a phase of technical recalibration. While the MACD and Bollinger Bands maintain a bullish bias, the neutral RSI and bearish KST readings counsel prudence.
Investors should monitor key support levels near the current price and watch for confirmation of renewed momentum through volume and trend indicators. A sustained move above the recent high of ₹4,585.95 could signal a return to stronger bullish momentum, while a break below the 50-day moving average might indicate deeper correction.
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Long-Term Performance and Sector Context
KEI Industries’ exceptional long-term returns, including a 4342.64% gain over ten years compared to the Sensex’s 259.08%, underscore its strong market position and growth trajectory within the Cables - Electricals sector. This outperformance reflects the company’s ability to capitalise on infrastructure growth and electrification trends across India.
Despite recent technical moderation, KEI’s fundamentals and sector tailwinds remain supportive, making it a compelling candidate for investors with a medium to long-term horizon.
Conclusion
KEI Industries Ltd is currently navigating a phase of technical consolidation, with momentum indicators presenting a mixed but cautiously optimistic picture. The downgrade from Strong Buy to Buy by MarketsMOJO reflects this nuanced stance, balancing robust long-term fundamentals against short-term technical caution.
Investors should closely monitor momentum indicators such as MACD and KST, alongside price action relative to moving averages, to gauge the stock’s next directional move. Given its strong historical performance and sector positioning, KEI remains a stock to watch for those seeking exposure to India’s electrical cables industry with a balanced risk approach.
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