Technical Momentum and Price Action
On 16 Feb 2026, Mac Charles (India) Ltd closed at ₹630.00, marking a 2.45% increase from the previous close of ₹614.95. The stock’s intraday range was relatively wide, with a low of ₹576.00 and a high matching the close at ₹630.00. This price movement, while positive on the day, contrasts with the broader technical outlook that has shifted towards bearishness.
The 52-week price range remains broad, with a high of ₹775.00 and a low of ₹500.00, indicating significant volatility over the past year. The current price sits closer to the upper end of this range but has not yet reclaimed the momentum to challenge recent highs decisively.
MACD and Moving Averages Signal Bearishness
The Moving Average Convergence Divergence (MACD) indicator presents a mixed picture. On a weekly basis, the MACD remains bearish, reinforcing the recent shift in momentum. The monthly MACD, while mildly bearish, suggests that longer-term momentum is weakening but not yet decisively negative. This divergence between weekly and monthly MACD readings highlights the transitional phase the stock is undergoing.
Daily moving averages further confirm the bearish trend. The stock is trading below its key daily moving averages, signalling downward pressure in the short term. This technical setup often indicates that sellers currently dominate, and any rallies may face resistance near these averages.
RSI and Bollinger Bands: Mixed Signals
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, hovering in neutral territory. This lack of momentum in the RSI suggests that the stock is neither overbought nor oversold, leaving room for further directional movement based on other technical factors.
Bollinger Bands add complexity to the analysis. Weekly Bollinger Bands indicate a mildly bearish stance, with the price approaching the lower band, which often signals increased volatility and potential downside risk. Conversely, the monthly Bollinger Bands are bullish, suggesting that over a longer horizon, volatility may compress and the stock could stabilise or rebound.
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Additional Technical Indicators: KST, Dow Theory, and OBV
The Know Sure Thing (KST) indicator aligns with the bearish narrative, showing a bearish trend on the weekly chart and mildly bearish on the monthly. This momentum oscillator’s readings reinforce the view that the stock is under selling pressure in the near term.
Dow Theory assessments provide a mildly bearish outlook on the weekly timeframe, while the monthly trend remains without a clear directional signal. This suggests that while short-term trends are weakening, the longer-term trend is yet to be confirmed as negative.
On-Balance Volume (OBV) data was not explicitly provided, but given the other momentum indicators, volume trends may be subdued or inconsistent, which often accompanies indecisive price action.
Comparative Performance Against Sensex
Despite the bearish technical signals, Mac Charles (India) Ltd has outperformed the Sensex over several timeframes. The stock posted an 11.78% return over the past week compared to the Sensex’s decline of 1.14%. Over one year, the stock gained 15.60%, nearly doubling the Sensex’s 8.52% return. Over five years, the stock’s cumulative return of 191.60% significantly outpaces the Sensex’s 60.30%, highlighting strong long-term growth despite recent technical weakness.
However, year-to-date returns show a decline of 4.45% for Mac Charles, slightly worse than the Sensex’s 3.04% fall, indicating recent underperformance amid broader market pressures.
Mojo Score and Ratings Update
MarketsMOJO’s latest assessment downgraded Mac Charles (India) Ltd from a 'Sell' to a 'Strong Sell' on 9 Feb 2026, reflecting deteriorating technical and fundamental outlooks. The Mojo Score stands at a low 22.0, signalling weak overall momentum and quality. The market capitalisation grade is 4, indicating a micro-cap status with associated liquidity and volatility risks.
This downgrade underscores the need for caution among investors, as the technical parameters and fundamental assessments converge on a negative outlook.
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Investor Takeaway and Outlook
Mac Charles (India) Ltd’s technical landscape is currently dominated by bearish momentum, particularly on weekly and daily timeframes. The mixed signals from monthly indicators such as Bollinger Bands and MACD suggest that while short-term pressures persist, there may be potential for stabilisation or recovery over a longer horizon.
Investors should weigh the stock’s recent price gains against the broader technical deterioration and the strong sell rating from MarketsMOJO. The stock’s outperformance relative to the Sensex over longer periods is encouraging but does not negate the risks posed by current bearish trends and low momentum scores.
Given the micro-cap nature of the stock and its volatile price action, a cautious approach is advisable. Monitoring key technical levels, particularly the daily moving averages and weekly MACD, will be critical in assessing any potential reversal or further decline.
In summary, while Mac Charles (India) Ltd has demonstrated resilience in the past, the prevailing technical indicators and recent downgrade suggest that investors should remain vigilant and consider alternative opportunities within the Hotels & Resorts sector or broader market.
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