Manali Petrochemicals Technical Momentum Shifts Amid Mixed Indicator Signals

Nov 19 2025 08:07 AM IST
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Manali Petrochemicals has experienced a shift in its technical momentum, moving from a sideways trend to a mildly bearish stance. This change is reflected in a range of technical indicators, including MACD, RSI, Bollinger Bands, and moving averages, which collectively suggest a nuanced outlook for the petrochemicals stock amid current market conditions.



The stock closed at ₹67.99, marginally lower than the previous close of ₹68.15, with intraday prices ranging between ₹67.79 and ₹69.02. Over the past week, Manali Petrochemicals recorded a return of -1.95%, contrasting with the Sensex's positive 0.96% return for the same period. Monthly returns show a decline of 6.65% against the Sensex's 0.86%, while year-to-date figures indicate a 7.56% gain compared to the Sensex's 8.36%. Over longer horizons, the stock's 1-year return stands at 9.77%, slightly above the Sensex's 9.48%, but the 3-year return reveals a negative 15.49% against the Sensex's 37.31%. Notably, the 5-year and 10-year returns for Manali Petrochemicals are 109.52% and 116.18%, respectively, trailing the Sensex's 91.65% and 232.28% over the same periods.




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Examining technical indicators, the weekly MACD suggests a mildly bearish momentum, while the monthly MACD indicates a mildly bullish trend, highlighting a divergence in short- and long-term momentum signals. The Relative Strength Index (RSI) shows no definitive signal on both weekly and monthly charts, implying a neutral momentum stance. Bollinger Bands on both weekly and monthly timeframes signal bearish conditions, suggesting price volatility skewed towards the downside. Daily moving averages, however, present a mildly bullish signal, indicating some short-term upward price support.



The KST (Know Sure Thing) indicator aligns with the weekly mildly bearish trend and monthly bearish stance, reinforcing the cautious technical outlook. Dow Theory analysis shows a mildly bearish trend on the weekly chart but no clear trend on the monthly chart. On-balance volume (OBV) remains neutral with no discernible trend on either weekly or monthly timeframes, indicating volume does not currently confirm price movements.



Manali Petrochemicals’ market capitalisation grade stands at 4, reflecting its relative size within the petrochemicals sector. The Mojo Score has undergone an adjustment, now at 47.0, with a recent change in evaluation from a previous hold to a sell grade as of 17 Nov 2025, triggered by technical parameter changes on 19 Nov 2025. The stock’s day change is recorded at -0.23%, consistent with the mildly bearish technical environment.




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In summary, Manali Petrochemicals is currently navigating a complex technical landscape with mixed signals across key momentum indicators. The mildly bearish weekly MACD and Bollinger Bands contrast with mildly bullish daily moving averages and monthly MACD, suggesting that investors should closely monitor these technical parameters for further directional clarity. The stock’s recent price action and technical evaluation adjustments underscore the importance of a cautious approach in the context of broader market trends and sector dynamics.






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