Mac Charles (India) Ltd Sees Mixed Technical Signals Amid Price Momentum Shift

Price Momentum and Recent Performance

On 10 Feb 2026, Mac Charles (India) Ltd closed at ₹618.00, marking a significant 9.65% increase from the previous close of ₹563.60. The stock traded within a range of ₹550.00 to ₹624.00 during the session, demonstrating heightened volatility. This surge contrasts with the company’s 52-week low of ₹500.00 and remains below its 52-week high of ₹775.00, indicating room for further price movement but also reflecting resistance near the upper band.

Comparatively, the stock has outperformed the Sensex over the short term, with a one-week return of 11.08% against the Sensex’s 2.94%. However, longer-term returns present a more nuanced picture: a one-month return of -2.42% versus Sensex’s 0.59%, and a year-to-date decline of -6.27% compared to the Sensex’s -1.36%. Over a five-year horizon, Mac Charles has delivered an impressive 180.21% return, significantly outpacing the Sensex’s 63.78%, underscoring its potential as a long-term growth play despite recent volatility.

Technical Trend Shift: From Bearish to Mildly Bearish

The technical trend for Mac Charles has shifted from a clear bearish stance to a mildly bearish one, signalling a potential stabilisation in price action. This transition is evident across multiple timeframes and indicators, suggesting that while the downtrend may be easing, caution remains warranted.

The Moving Average Convergence Divergence (MACD) indicator presents a mixed scenario: the weekly MACD remains bearish, indicating that momentum on a shorter timeframe is still subdued, while the monthly MACD has improved to mildly bearish, hinting at a possible bottoming out or consolidation phase. This divergence between weekly and monthly MACD readings suggests that short-term traders may face continued pressure, whereas longer-term investors might anticipate a gradual recovery.

Similarly, the Relative Strength Index (RSI) offers contrasting signals. The weekly RSI currently shows no definitive signal, hovering in a neutral zone that neither confirms overbought nor oversold conditions. In contrast, the monthly RSI has turned bullish, reflecting strengthening momentum over a longer horizon and potentially signalling an emerging uptrend if sustained.

Bollinger Bands and Moving Averages: Conflicting Signals

Bollinger Bands analysis reveals a split between weekly and monthly perspectives. On a weekly basis, the bands suggest a mildly bearish stance, indicating that the stock price is still under pressure and may face resistance near the upper band. Conversely, the monthly Bollinger Bands have turned bullish, implying that volatility is contracting and the stock could be poised for a sustained upward move if it breaks above the upper band decisively.

Daily moving averages remain bearish, with the stock trading below key averages such as the 50-day and 200-day moving averages. This bearish alignment on the daily chart underscores the need for caution among short-term traders, as the stock has yet to confirm a clear breakout above these critical technical levels.

Additional Technical Indicators: KST, Dow Theory, and OBV

The Know Sure Thing (KST) indicator aligns with the broader technical narrative, showing bearish momentum on the weekly chart and only mildly bearish conditions on the monthly chart. This suggests that while momentum remains subdued in the near term, there is potential for improvement over the medium term.

Dow Theory assessments provide a mildly bearish outlook on the weekly timeframe, with no clear trend established on the monthly scale. This lack of definitive trend confirmation adds to the cautious tone surrounding the stock’s near-term prospects.

On-Balance Volume (OBV) data is currently inconclusive, with no significant signals emerging on either weekly or monthly charts. This absence of volume confirmation means that price moves may lack strong institutional support, which is a critical factor for sustained trend reversals.

Mojo Score and Market Capitalisation Insights

Mac Charles (India) Ltd holds a Mojo Score of 27.0, categorised as a Strong Sell, an upgrade from its previous Sell rating as of 09 Feb 2026. This downgrade reflects the company’s ongoing challenges in the Hotels & Resorts sector, where competitive pressures and market uncertainties persist. The market capitalisation grade stands at 4, indicating a micro-cap status with associated liquidity and volatility considerations.

Investors should weigh these fundamental assessments alongside technical signals to form a comprehensive view of the stock’s risk-reward profile.

Long-Term Performance Versus Sensex

Despite recent technical challenges, Mac Charles has demonstrated robust long-term performance. Over the past three years, the stock has returned 58.71%, significantly outperforming the Sensex’s 38.25%. Over five years, the outperformance is even more pronounced, with Mac Charles delivering 180.21% returns compared to the Sensex’s 63.78%. However, the ten-year return of 126.71% trails the Sensex’s 249.97%, reflecting periods of underperformance and sector-specific headwinds.

This historical context suggests that while the stock has growth potential, investors must remain vigilant to cyclical risks inherent in the Hotels & Resorts sector.

Investor Takeaway

Mac Charles (India) Ltd’s recent price momentum shift and mixed technical signals present a complex picture. The stock’s strong intraday gains and monthly bullish indicators offer hope for a recovery, but persistent bearishness on weekly MACD, daily moving averages, and other momentum indicators counsel caution. The Strong Sell Mojo Grade and micro-cap status further underline the risks involved.

Investors should monitor key technical levels, particularly the 50-day and 200-day moving averages, alongside volume trends for confirmation of any sustained trend reversal. Given the sector’s volatility and the stock’s mixed signals, a balanced approach combining technical analysis with fundamental insights is advisable.

Overall, Mac Charles remains a stock to watch closely, with potential for both upside and downside depending on how technical momentum evolves in the coming weeks.

Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →