Technical Momentum Shifts
The stock closed at ₹629.90 on 23 Feb 2026, down 1.42% from the previous close of ₹639.00. Intraday, it traded between ₹600.55 and ₹639.00, reflecting heightened volatility. Over the past week, Mac Charles has outperformed the Sensex with a 0.78% gain versus 0.23%, and over one month, it gained 2.25% compared to Sensex’s 0.77%. However, year-to-date returns stand at -4.47%, underperforming the benchmark’s -2.82%, signalling recent weakness.
MACD and Moving Averages Indicate Bearish Pressure
The Moving Average Convergence Divergence (MACD) indicator remains bearish on the weekly chart and mildly bearish on the monthly timeframe. This suggests that the stock’s momentum is weakening, with the shorter-term moving averages crossing below longer-term averages, a classic sell signal. Daily moving averages reinforce this bearish stance, indicating that the stock is trading below key support levels, which could trigger further selling pressure.
RSI and Bollinger Bands Show Mixed Signals
The Relative Strength Index (RSI) currently offers no clear signal on both weekly and monthly charts, hovering in a neutral zone that neither indicates overbought nor oversold conditions. Meanwhile, Bollinger Bands present a contrasting picture: mildly bearish on the weekly scale but bullish on the monthly. This divergence suggests that while short-term volatility may be increasing, the longer-term trend could still hold some upside potential if support levels hold firm.
Other Technical Indicators and Trend Analysis
The Know Sure Thing (KST) oscillator aligns with the bearish narrative on the weekly chart and mildly bearish on the monthly, reinforcing the momentum slowdown. Dow Theory readings are mixed, mildly bullish weekly but mildly bearish monthly, reflecting uncertainty in trend direction. On Balance Volume (OBV) data is inconclusive, lacking clear directional bias, which adds to the cautious outlook.
Long-Term Performance Context
Despite recent technical deterioration, Mac Charles has delivered impressive long-term returns. Over five years, the stock has surged 191.62%, significantly outperforming the Sensex’s 62.73%. Over three years, it gained 62.39% versus the benchmark’s 36.45%, and even over one year, it outpaced the Sensex with a 12.68% return compared to 9.35%. However, the 10-year return of 148.87% trails the Sensex’s 249.29%, indicating some relative underperformance in the very long term.
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Mojo Score and Rating Update
MarketsMOJO has downgraded Mac Charles (India) Ltd from a Sell to a Strong Sell rating as of 9 Feb 2026, reflecting the deteriorating technical outlook and increased risk profile. The company’s Mojo Score stands at a low 22.0, signalling weak fundamentals and technicals relative to peers. The Market Cap Grade is 4, indicating a mid-tier market capitalisation within the Hotels & Resorts sector, which may limit liquidity and institutional interest.
Sector and Industry Considerations
Operating within the Hotels & Resorts industry, Mac Charles faces sector-specific headwinds including fluctuating travel demand and rising operational costs. While the broader sector has shown resilience, the stock’s technical indicators suggest it is lagging behind sector peers. Investors should weigh these factors alongside the company’s financial health and growth prospects.
Price Range and Volatility
The stock’s 52-week high of ₹775.00 and low of ₹500.00 highlight a wide trading range, with current prices near the lower end of this spectrum. This proximity to the 52-week low may attract value investors, but the prevailing bearish technical signals caution against premature entries. The daily price range on 23 Feb 2026, between ₹600.55 and ₹639.00, underscores ongoing volatility and uncertainty.
Investor Implications and Outlook
Given the mixed technical signals and recent downgrade, investors should approach Mac Charles with caution. The bearish momentum indicated by MACD, moving averages, and KST suggests potential for further downside in the near term. However, the neutral RSI and bullish monthly Bollinger Bands hint at possible stabilisation if key support levels hold. Long-term investors may find value in the stock’s historical outperformance, but short-term traders should heed the technical warnings.
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Conclusion
Mac Charles (India) Ltd is navigating a challenging phase marked by a shift to bearish technical momentum and a downgrade to Strong Sell by MarketsMOJO. While the stock’s long-term returns remain commendable, recent price action and technical indicators caution investors about near-term risks. The mixed signals from RSI and Bollinger Bands suggest that a clear directional trend has yet to emerge, making it imperative for investors to monitor key support levels closely. Those seeking exposure to the Hotels & Resorts sector may consider alternative stocks with stronger technical profiles and more favourable momentum.
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