Technical Trend Overview and Price Movement
As of 19 Feb 2026, Linde India’s stock price closed at ₹6,786.00, down marginally by 0.75% from the previous close of ₹6,837.15. The intraday range saw a low of ₹6,781.50 and a high of ₹6,928.45, indicating some volatility but within a relatively narrow band. The stock remains below its 52-week high of ₹7,865.05 but comfortably above its 52-week low of ₹5,202.45, reflecting resilience over the past year.
The technical trend has transitioned from a sideways pattern to a mildly bullish one, signalling a potential uptrend in the near term. This shift is supported by several weekly and monthly technical indicators, although some daily signals remain cautious.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator presents a nuanced picture. On a weekly basis, the MACD is bullish, suggesting that momentum is building in favour of upward price movement. However, the monthly MACD remains mildly bearish, indicating that longer-term momentum has yet to fully confirm a sustained uptrend. This divergence between weekly and monthly MACD readings suggests that while short-term traders may find opportunities, longer-term investors should remain vigilant.
The Know Sure Thing (KST) indicator aligns with this mixed momentum. Weekly KST readings are mildly bullish, reinforcing the short-term positive momentum, whereas the monthly KST remains bearish, echoing the MACD’s longer-term caution.
RSI and Overbought/Oversold Conditions
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no definitive signal, hovering in neutral territory. This suggests that the stock is neither overbought nor oversold, providing a balanced backdrop for potential price moves. The absence of extreme RSI readings reduces the risk of immediate sharp reversals, allowing the current mild bullish momentum to potentially develop further.
Bollinger Bands and Moving Averages
Bollinger Bands provide additional insight into price volatility and trend strength. Weekly Bollinger Bands indicate a mildly bullish stance, with price action trending towards the upper band, signalling increasing buying interest. On the monthly scale, the Bollinger Bands are bullish, reinforcing the possibility of a sustained upward move over the medium term.
Conversely, daily moving averages paint a more cautious picture, remaining mildly bearish. This suggests that while the broader trend is improving, short-term price action is still facing resistance, possibly due to profit-taking or sector-specific headwinds.
Volume and Dow Theory Signals
On-Balance Volume (OBV) readings are bullish on both weekly and monthly charts, indicating that volume trends support the price advances. This volume confirmation is a positive sign for the sustainability of the current momentum shift.
Dow Theory assessments show no clear trend on the weekly timeframe but indicate a mildly bullish trend on the monthly scale. This further supports the view that the stock is in the early stages of a potential uptrend, with confirmation likely to emerge if price and volume patterns continue to improve.
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Comparative Performance and Market Context
Linde India’s recent returns have outpaced the broader market benchmarks significantly. Over the past week, the stock gained 4.63%, while the Sensex declined by 0.59%. The one-month return stands at 11.15%, compared to a modest 0.20% rise in the Sensex. Year-to-date, Linde India has delivered a 14.17% return, whereas the Sensex has fallen by 1.74%.
Longer-term performance is even more impressive. Over one year, the stock has appreciated by 22.47%, more than double the Sensex’s 10.22% gain. Over three years, Linde India’s return of 81.92% far exceeds the Sensex’s 37.26%. The five-year and ten-year returns are particularly striking, with the stock up 382.18% and 2,513.52% respectively, dwarfing the Sensex’s 63.15% and 254.07% gains. This outperformance highlights the company’s strong fundamentals and growth trajectory within the Other Chemical products sector.
Mojo Score and Rating Upgrade
Reflecting these positive developments, MarketsMOJO has upgraded Linde India’s Mojo Grade from Sell to Hold as of 10 Feb 2026. The current Mojo Score stands at 64.0, signalling a moderate conviction to hold the stock. The Market Cap Grade remains at 2, indicating a mid-cap classification with moderate liquidity and market presence.
This upgrade is consistent with the technical momentum shift and improving fundamentals, suggesting that while the stock is not yet a strong buy, it has moved out of the sell territory and warrants attention from investors seeking exposure to the chemical products sector.
Outlook and Investment Considerations
Investors should note that despite the encouraging technical signals, some caution is warranted due to mixed indicator readings and the mildly bearish daily moving averages. The stock’s proximity to its 52-week high may also invite profit-booking in the short term. However, the bullish volume trends and improving weekly momentum indicators provide a solid foundation for potential further gains.
Given the company’s strong long-term performance relative to the Sensex and the recent upgrade in Mojo Grade, Linde India appears well-positioned to benefit from sectoral tailwinds and operational efficiencies. Investors with a medium to long-term horizon may consider accumulating on dips, while monitoring key technical levels and broader market conditions.
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Summary
Linde India Ltd. is currently exhibiting a technical momentum shift from sideways to mildly bullish, supported by weekly MACD and OBV bullishness, neutral RSI, and bullish Bollinger Bands on monthly charts. Despite some bearish signals on daily moving averages and monthly MACD/KST, the overall trend suggests cautious optimism. The stock’s strong relative performance against the Sensex over multiple timeframes and the recent Mojo Grade upgrade to Hold reinforce its appeal as a mid-cap contender in the Other Chemical products sector.
Investors should weigh the mixed technical signals carefully, considering both short-term volatility and long-term growth prospects. Monitoring volume trends and key support/resistance levels will be crucial in assessing the sustainability of the current momentum.
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