Price Movement and Market Context
The stock closed at ₹556.35 on 3 Feb 2026, down 6.42% from the previous close of ₹594.50. Intraday volatility was significant, with a high of ₹598.95 and a low of ₹537.00. This decline places the stock closer to its 52-week low of ₹500.00, well below its 52-week high of ₹775.00, underscoring the recent downward pressure.
Comparatively, the broader Sensex index has shown resilience, with a modest 0.16% gain over the past week and a 5.37% increase over the last year. Mac Charles (India) Ltd’s one-week return of -11.13% and one-month return of -15.58% starkly contrast with the Sensex’s positive performance, highlighting sector-specific or company-specific challenges.
Technical Indicators Signal Bearish Momentum
Technical analysis reveals a shift in momentum. The Moving Average Convergence Divergence (MACD) indicator is bearish on the weekly chart and mildly bearish on the monthly chart, signalling that downward momentum is gaining traction. The Relative Strength Index (RSI) presents a mixed picture: while the weekly RSI shows no clear signal, the monthly RSI remains bullish, suggesting some underlying strength over the longer term despite recent weakness.
Bollinger Bands on both weekly and monthly timeframes are bearish, indicating that the stock price is trending towards the lower band, often a sign of increased selling pressure. The daily moving averages, however, remain mildly bullish, reflecting short-term support that could provide some cushion against further declines.
The Know Sure Thing (KST) oscillator aligns with the MACD, showing bearish momentum on the weekly chart and mild bearishness monthly. Meanwhile, Dow Theory analysis finds no definitive trend on either weekly or monthly scales, implying uncertainty and a lack of clear directional conviction among investors.
Volume and Market Capitalisation Insights
Mac Charles (India) Ltd holds a Market Cap Grade of 4, indicating a relatively modest market capitalisation within its sector. The Mojo Score has deteriorated to 27.0, with the Mojo Grade downgraded from Sell to Strong Sell as of 30 Jan 2026. This downgrade reflects a worsening outlook based on technical and fundamental factors.
The stock’s On-Balance Volume (OBV) data is not explicitly available, but the price decline combined with bearish technicals suggests selling volume has likely increased, reinforcing the negative momentum.
Our latest weekly pick is live! This Large Cap from Diamond & Gold Jewellery comes with clear entry and exit targets. See the detailed report with target price now!
- - Clear entry/exit targets
- - Target price revealed
- - Detailed report available
Long-Term Performance and Sector Comparison
Despite recent setbacks, Mac Charles (India) Ltd has delivered strong long-term returns. Over five years, the stock has appreciated by 156.56%, significantly outperforming the Sensex’s 64.00% gain. Over three years, the stock’s return of 40.49% also exceeds the Sensex’s 36.26%. However, over the last ten years, the stock’s 133.66% gain trails the Sensex’s 232.80%, indicating some underperformance in the very long term.
These figures suggest that while the company has historically rewarded patient investors, recent technical deterioration and sector headwinds may be signalling a more cautious outlook.
Sectoral and Industry Context
Operating within the Hotels & Resorts industry, Mac Charles (India) Ltd faces challenges from fluctuating travel demand, rising operational costs, and competitive pressures. The sector has seen mixed recovery patterns post-pandemic, with some companies rebounding strongly while others struggle to regain momentum. The stock’s technical signals reflect these uncertainties, with bearish weekly indicators contrasting with some mildly bullish monthly signals.
Investors should note that the stock’s current technical trend has shifted from sideways to mildly bearish, indicating a potential continuation of downward pressure unless short-term moving averages provide sustained support.
Technical Outlook and Investor Considerations
From a technical standpoint, the bearish MACD and Bollinger Bands on weekly and monthly charts suggest that the stock is likely to face resistance in the near term. The mildly bullish daily moving averages may offer some short-lived relief, but the overall momentum points to caution.
The RSI’s divergence between weekly neutrality and monthly bullishness indicates that while short-term momentum is weak, longer-term fundamentals or sector recovery could eventually support a rebound. However, the downgrade to a Strong Sell Mojo Grade and a low Mojo Score of 27.0 reinforce the need for prudence.
Investors should closely monitor the stock’s ability to hold above key support levels near ₹537.00 and watch for any reversal signals in MACD or KST oscillators. Failure to stabilise could lead to further downside towards the 52-week low of ₹500.00.
Considering Mac Charles (India) Ltd? Wait! SwitchER has found potentially better options in Hotels & Resorts and beyond. Compare this micro-cap with top-rated alternatives now!
- - Better options discovered
- - Hotels & Resorts + beyond scope
- - Top-rated alternatives ready
Summary and Final Assessment
Mac Charles (India) Ltd’s recent technical parameter changes highlight a shift towards bearish momentum, with key indicators such as MACD, Bollinger Bands, and KST signalling increased selling pressure. The stock’s sharp price decline and downgrade to a Strong Sell Mojo Grade reflect deteriorating investor sentiment amid sectoral challenges.
While longer-term returns have been robust, the current technical outlook advises caution. Short-term moving averages offer mild support, but the absence of a clear trend in Dow Theory and mixed RSI signals suggest uncertainty remains high.
Investors should weigh these technical signals alongside fundamental factors and sector dynamics before making decisions. Monitoring support levels and volume trends will be crucial in assessing whether the stock can stabilise or if further downside is likely.
Unlock special upgrade rates for a limited period. Start Saving Now →
