Key Events This Week
2 Feb: Technical momentum shifts amid mixed market signals
3 Feb: Technical momentum signals mixed outlook amid volatility
6 Feb: Intraday high with 6.7% surge and robust Q3 FY26 results
6 Feb: Technical momentum shifts to sideways trend
2 February 2026: Technical Momentum Shifts Amid Mixed Signals
MRF Ltd began the week with a 1.19% gain to close at Rs.133,745.30, despite the Sensex declining 1.03% to 35,814.09. The stock’s technical momentum shifted from mildly bearish to sideways, reflecting a pause in downward pressure. Daily moving averages turned mildly bullish, suggesting short-term strength, though weekly and monthly MACD indicators remained bearish or mildly bearish, signalling subdued longer-term momentum.
Bollinger Bands on weekly and monthly charts indicated bearish volatility, while the Know Sure Thing (KST) oscillator showed bearish weekly but bullish monthly signals, highlighting mixed momentum. On-Balance Volume (OBV) and Dow Theory assessments showed no clear trend confirmation. This complex technical picture suggested consolidation amid cautious investor sentiment.
3 February 2026: Mixed Outlook Amid Market Volatility
The stock advanced 2.26% to Rs.136,773.55, slightly underperforming the Sensex’s 2.63% gain to 36,755.96. Technical momentum shifted from sideways to mildly bullish on daily charts, with the stock trading above key short-term moving averages. Weekly RSI turned bullish, indicating strengthening buying interest, though weekly and monthly MACD remained bearish or mildly bearish.
Bollinger Bands suggested moderate volatility with a slight downward bias, and OBV was mildly bearish on the weekly timeframe, indicating volume did not fully support price gains. Dow Theory showed no clear trend, reinforcing the consolidation phase. The Mojo Score remained at 58.0 with a Hold rating, reflecting cautious optimism amid mixed signals.
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4 February 2026: Continued Gains Amid Rising Volume
MRF Ltd extended gains by 0.67% to Rs.137,691.25, outperforming the Sensex’s 0.37% rise to 36,890.21. The stock’s volume increased notably to 453, signalling growing investor interest. Technical indicators remained mixed, with daily moving averages bullish but weekly MACD still bearish. The stock traded within a range that suggested consolidation with a mild upward bias.
5 February 2026: Profit Taking Leads to Correction
The stock corrected 2.00% to Rs.134,933.55, while the Sensex declined 0.53% to 36,695.11. This pullback followed the prior days’ gains and was accompanied by moderate volume. Technical momentum showed short-term weakness, with daily moving averages losing some bullishness. However, the correction was viewed as a healthy consolidation within the broader uptrend.
6 February 2026: Intraday Surge and Robust Q3 Results
MRF Ltd closed the week with a remarkable 8.57% jump to Rs.146,495.05 on heavy volume of 4,470, vastly outperforming the Sensex’s 0.10% gain to 36,730.20. The stock hit an intraday high of Rs.1,45,000, a 7.46% increase from the previous close, reflecting strong buying momentum. This surge was accompanied by elevated intraday volatility of 5.82%, underscoring active trading.
The day’s rally was supported by the company’s Q3 FY26 results, which showed a robust profitability surge despite margin volatility concerns. Technical indicators were mixed: daily moving averages signalled short-term momentum, but weekly and monthly MACD remained bearish or mildly bearish. The Mojo Score remained at 58.0 with a Hold rating, reflecting a balanced view amid the rally.
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Weekly Price Performance: MRF Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.133,745.30 | +1.19% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.136,773.55 | +2.26% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.137,691.25 | +0.67% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.134,933.55 | -2.00% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.146,495.05 | +8.57% | 36,730.20 | +0.10% |
Key Takeaways
Strong Weekly Outperformance: MRF Ltd’s 10.84% weekly gain far exceeded the Sensex’s 1.51%, driven by a powerful intraday surge on 6 February and steady gains earlier in the week.
Mixed Technical Signals: The stock’s technical momentum oscillated between sideways, mildly bullish, and bearish across daily, weekly, and monthly timeframes, reflecting consolidation amid volatility.
Robust Q3 Results: The company’s quarterly earnings release on 6 February highlighted strong profitability growth, which supported the stock’s sharp rally despite margin volatility concerns.
Volume and Volatility Spike: The surge on 6 February was accompanied by a significant increase in volume and intraday volatility, indicating heightened investor interest and active trading.
Mojo Score and Rating: The consistent Hold rating with a Mojo Score of 58.0 reflects a cautious stance, balancing the stock’s long-term strength against near-term technical uncertainties.
Conclusion
MRF Ltd’s week was characterised by a notable rally that outpaced the broader market, supported by strong quarterly results and a significant intraday surge on the final trading day. The stock’s technical momentum presented a complex picture, with short-term bullish signals tempered by longer-term caution. Volume and volatility spikes underscored active market participation, while the Hold rating signals measured optimism among analysts. Investors should monitor evolving technical indicators and sector dynamics closely as MRF navigates this phase of consolidation and potential volatility.
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