Technical Trend Shift and Price Movement
Motisons Jewellers’ current share price stands at ₹11.21, down 4.19% from the previous close of ₹11.70. The stock traded within a range of ₹10.82 to ₹12.01 during the latest session, inching closer to its 52-week low of ₹10.63, while remaining significantly below its 52-week high of ₹25.61. This price contraction reflects a weakening momentum that technical indicators have corroborated.
The overall technical trend has deteriorated from mildly bearish to outright bearish, signalling increased downside risk. Daily moving averages are firmly bearish, with the stock trading below key averages, indicating sellers are in control. The weekly and monthly Bollinger Bands also confirm this negative bias, both showing bearish signals that suggest the stock is under pressure and volatility remains elevated.
MACD and RSI Analysis
The Moving Average Convergence Divergence (MACD) indicator on the weekly chart remains bearish, reinforcing the downtrend. The MACD line continues to stay below the signal line, with no signs of a bullish crossover in the near term. On the monthly timeframe, the MACD is neutral, indicating a lack of clear directional momentum over the longer term.
Relative Strength Index (RSI) readings on both weekly and monthly charts currently show no definitive signals, hovering in neutral zones. This suggests that while the stock is not yet oversold, it lacks the upward momentum needed to trigger a reversal. The absence of RSI divergence further supports the bearish outlook.
Additional Technical Indicators
The Know Sure Thing (KST) indicator on the weekly chart is bearish, aligning with the MACD and moving averages. Meanwhile, the Dow Theory assessment on the weekly timeframe has shifted to mildly bearish, reflecting a weakening market structure. On the monthly scale, no clear trend is established, indicating uncertainty over the longer horizon.
On-Balance Volume (OBV) analysis reveals mildly bearish sentiment on the weekly chart, suggesting that volume trends are not supporting any meaningful price recovery. The lack of volume confirmation adds to the cautionary stance for investors.
Mojo Score and Grade Upgrade
MarketsMOJO has upgraded Motisons Jewellers Ltd’s Mojo Grade from Sell to Hold as of 01 February 2026, with a current Mojo Score of 51.0. This upgrade reflects a slight improvement in the stock’s technical and fundamental outlook, though the overall rating remains cautious. The Market Cap Grade is 3, indicating a mid-tier market capitalisation relative to peers in the Gems, Jewellery and Watches sector.
Despite the upgrade, the technical signals remain predominantly bearish, suggesting that the stock is yet to demonstrate a convincing turnaround in momentum. Investors should weigh this mixed technical picture carefully before making allocation decisions.
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Comparative Performance Versus Sensex
Motisons Jewellers’ recent returns have lagged significantly behind the broader market benchmark, the Sensex. Over the past week, the stock posted a modest gain of 1.91%, outperforming the Sensex’s 0.16% rise. However, this short-term outperformance is overshadowed by longer-term underperformance.
Over the last month, Motisons declined by 23.22%, compared to the Sensex’s 4.78% fall. Year-to-date, the stock has dropped 24.15%, while the Sensex has only fallen 4.17%. The one-year return is particularly stark, with Motisons down 55.21% against the Sensex’s 5.37% gain. This divergence highlights the stock’s vulnerability amid sectoral and company-specific challenges.
Longer-term data is unavailable for Motisons, but the Sensex’s 3-year, 5-year, and 10-year returns of 36.26%, 64.00%, and 232.80% respectively underscore the stock’s relative weakness in comparison to the broader market’s sustained growth.
Sector Context and Outlook
The Gems, Jewellery and Watches sector has faced headwinds due to fluctuating gold prices, changing consumer demand, and global economic uncertainties. Motisons Jewellers, as a mid-cap player, is particularly exposed to these dynamics, which are reflected in its technical deterioration and price weakness.
Investors should monitor key support levels near ₹10.63, the 52-week low, as a breach could trigger further downside. Conversely, a sustained move above the daily moving averages and a bullish MACD crossover would be required to signal a potential recovery.
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Investor Takeaway
Motisons Jewellers Ltd’s technical profile currently signals caution. The bearish momentum across multiple indicators including MACD, moving averages, Bollinger Bands, and KST suggests that the stock is under selling pressure. The recent Mojo Grade upgrade to Hold reflects some improvement but does not yet indicate a clear reversal.
Given the stock’s significant underperformance relative to the Sensex and the Gems, Jewellery and Watches sector’s challenges, investors should consider risk management strategies. Monitoring technical support levels and waiting for confirmation of trend reversal through improved momentum indicators would be prudent before increasing exposure.
For those holding the stock, evaluating peer comparisons and alternative investment opportunities within the sector or across market caps may provide better risk-adjusted returns in the current environment.
Summary of Key Technical Metrics:
- Current Price: ₹11.21 (Down 4.19%)
- 52-Week Range: ₹10.63 - ₹25.61
- MACD Weekly: Bearish; Monthly: Neutral
- RSI Weekly & Monthly: No Signal
- Bollinger Bands Weekly & Monthly: Bearish
- Moving Averages Daily: Bearish
- KST Weekly: Bearish; Monthly: Neutral
- Dow Theory Weekly: Mildly Bearish; Monthly: No Trend
- OBV Weekly: Mildly Bearish; Monthly: No Trend
- Mojo Score: 51.0; Mojo Grade: Hold (Upgraded from Sell on 01 Feb 2026)
- Market Cap Grade: 3
Conclusion
Motisons Jewellers Ltd remains in a technically challenging phase with bearish momentum dominating the charts. While the recent Mojo Grade upgrade to Hold offers a glimmer of hope, the stock’s price action and technical indicators caution investors to remain vigilant. A sustained improvement in momentum indicators and volume confirmation will be necessary to signal a durable recovery. Until then, the stock’s outlook remains subdued amid sectoral headwinds and broader market volatility.
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