Key Events This Week
16 Feb: Technical momentum shifts amid mixed market signals
17 Feb: Intraday high of ₹876.10 with a 7.39% surge
18 Feb: New 52-week high at ₹917.55
19 Feb: Technical momentum signals bullish outlook despite minor dip
20 Feb: Week closes at ₹893.15, up 14.93% for the week
16 February 2026: Technical Momentum Shifts Amid Mixed Signals
Mangalam Cement began the week with a notable technical momentum shift, moving from a bullish to a mildly bullish stance. The stock closed at ₹816.30, up 5.04% on the day, outperforming the Sensex’s 0.70% gain. Despite a recent decline prior to this week, the stock’s technical indicators such as MACD and moving averages suggested a complex but cautiously optimistic outlook. The divergence between weekly bullishness and monthly caution set the tone for the week’s trading activity.
17 February 2026: Intraday High and Bullish Momentum Upgrade
The stock surged 9.45% to close at ₹893.45, hitting an intraday high of ₹876.10, a 7.39% increase from the previous close. This strong performance was accompanied by a technical upgrade from mildly bullish to bullish momentum, supported by positive moving averages and MACD signals. Mangalam Cement outperformed the Sensex’s 0.32% gain and its sector peers, reflecting renewed investor interest. The stock traded above all key moving averages, nearing its 52-week high of ₹903.40, signalling robust upward momentum.
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18 February 2026: New 52-Week High Amid Strong Rally
Mangalam Cement reached a new 52-week high of ₹917.55, closing at ₹894.00, up 0.06% on the day. This milestone capped a three-day consecutive gain streak, with the stock appreciating 17.48% over this period. The rally was supported by the stock trading above all major moving averages and outperforming the Sensex, which declined 0.12% on the day. Technical indicators showed a transition from bullish to mildly bullish momentum, with mixed signals from MACD and RSI suggesting cautious optimism. The stock’s one-year return of 33.77% far exceeded the Sensex’s 9.73%, underscoring its strong relative performance.
19 February 2026: Bullish Technical Momentum Despite Minor Decline
Despite a minor day decline of 1.33% to ₹882.10, Mangalam Cement’s technical momentum shifted positively from mildly bullish to bullish. Key indicators such as weekly MACD, Dow Theory, and On-Balance Volume (OBV) signalled growing investor confidence. The stock maintained its position near the 52-week high, supported by bullish daily moving averages and Bollinger Bands. The Sensex fell 1.45% on the day, highlighting Mangalam Cement’s relative resilience. Long-term returns remained impressive, with a three-year gain of 218.89% compared to the Sensex’s 37.26%, reinforcing the stock’s strong fundamentals and market positioning.
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20 February 2026: Week Closes Strong with Continued Gains
The week concluded with Mangalam Cement closing at ₹893.15, up 1.25% on the day and 14.93% for the week. The stock’s sustained strength was underpinned by bullish daily moving averages and positive momentum indicators, despite mixed signals from weekly and monthly oscillators. Volume trends and Dow Theory assessments remained supportive of the bullish outlook. The Sensex gained 0.41% on the day, but Mangalam Cement’s outperformance throughout the week highlighted its robust market position and investor appeal within the cement sector.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-16 | Rs.816.30 | +5.04% | 36,787.89 | +0.70% |
| 2026-02-17 | Rs.893.45 | +9.45% | 36,904.38 | +0.32% |
| 2026-02-18 | Rs.894.00 | +0.06% | 37,062.35 | +0.43% |
| 2026-02-19 | Rs.882.10 | -1.33% | 36,523.88 | -1.45% |
| 2026-02-20 | Rs.893.15 | +1.25% | 36,674.32 | +0.41% |
Key Takeaways
Strong Weekly Outperformance: Mangalam Cement’s 14.93% weekly gain dwarfed the Sensex’s 0.39% rise, reflecting robust stock-specific momentum.
Technical Momentum Shifts: The stock transitioned from mildly bullish to bullish momentum during the week, supported by positive MACD, moving averages, and Bollinger Bands on daily and weekly charts.
New 52-Week High: The milestone of ₹917.55 on 18 February marked a significant technical achievement, signalling strong investor confidence.
Mixed Monthly Indicators: Despite short-term strength, monthly MACD and RSI showed caution, suggesting investors should monitor for potential consolidation.
Volume and Dow Theory Support: On-Balance Volume and Dow Theory assessments largely confirmed the bullish trend, indicating sustained buying interest.
Sectoral and Market Context: The cement sector’s underlying strength and Mangalam Cement’s mid-tier market capitalisation grade of 3 contributed to its relative resilience amid mixed broader market conditions.
Conclusion
Mangalam Cement Ltd’s performance during the week of 16–20 February 2026 was characterised by a decisive rally and multiple technical momentum upgrades. The stock’s ability to outperform the Sensex by a wide margin, coupled with the attainment of a new 52-week high, underscores its strong market positioning and investor appeal. While some monthly technical indicators advise caution, the overall trend remains bullish, supported by positive volume and moving average signals. This week’s developments highlight Mangalam Cement’s resilience and potential for continued strength within the cement sector, making it a noteworthy stock to watch as market dynamics evolve.
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