Technical Trend Overview and Price Movement
As of 10 Feb 2026, NCC Ltd’s share price closed at ₹158.30, up from the previous close of ₹156.65. The intraday range saw a low of ₹153.35 and a high of ₹159.55, indicating moderate volatility within the session. The stock remains significantly below its 52-week high of ₹242.00, while comfortably above its 52-week low of ₹138.50, suggesting a recovery phase but still distant from prior peaks.
The technical trend has shifted from outright bearish to mildly bearish, signalling a tentative improvement in price momentum. This nuanced change reflects a market that is cautiously optimistic but not yet convinced of a sustained uptrend. The daily moving averages continue to exert mildly bearish pressure, indicating that short-term momentum remains subdued.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator offers a mixed signal for NCC Ltd. On the weekly chart, the MACD is mildly bullish, suggesting that momentum may be building over the medium term. However, the monthly MACD remains bearish, indicating that longer-term momentum has yet to confirm a reversal. This divergence between weekly and monthly MACD readings highlights the stock’s current technical uncertainty.
The Know Sure Thing (KST) indicator, which aggregates multiple rate-of-change measures, remains bearish on both weekly and monthly timeframes. This persistent bearishness in KST suggests that despite short-term improvements, the underlying momentum drivers have not fully turned positive.
RSI and Bollinger Bands Analysis
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, hovering in neutral territory. This lack of extreme readings implies that NCC Ltd is neither overbought nor oversold, leaving room for price movement in either direction depending on forthcoming market catalysts.
Bollinger Bands, which measure volatility and potential price extremes, are mildly bearish on both weekly and monthly charts. The bands remain relatively wide, reflecting ongoing price fluctuations, but the price action near the lower band on the weekly timeframe suggests some downside pressure remains.
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Moving Averages and Volume Trends
Daily moving averages continue to exert mildly bearish pressure on NCC Ltd’s price. The stock trades below its short-term moving averages, indicating that immediate price momentum is not yet firmly positive. This is consistent with the broader technical trend shift to mildly bearish, rather than a full bullish reversal.
On volume, the On-Balance Volume (OBV) indicator shows no clear trend on either weekly or monthly charts. This absence of volume confirmation suggests that price movements are not strongly supported by trading activity, which may limit the sustainability of recent gains.
Dow Theory and Broader Market Context
According to Dow Theory, the weekly trend for NCC Ltd is mildly bullish, signalling some optimism among market participants in the near term. However, the monthly Dow Theory reading shows no definitive trend, reinforcing the notion that longer-term direction remains uncertain.
Comparing NCC Ltd’s returns against the Sensex reveals a mixed performance. Over the past week, NCC outperformed the Sensex with a 7.18% gain versus the benchmark’s 2.94%. Similarly, over one month, NCC gained 6.46% compared to Sensex’s 0.59%. However, year-to-date returns show a slight decline of 1.28%, closely tracking the Sensex’s -1.36%. Over one year, NCC has underperformed significantly with a -23.71% return against the Sensex’s 7.97% gain.
Longer-term returns paint a more favourable picture for NCC Ltd. Over three years, the stock has delivered a 70.22% return, substantially outperforming the Sensex’s 38.25%. Over five years, NCC’s 75.79% gain also exceeds the Sensex’s 63.78%. However, over a decade, the Sensex’s 249.97% return dwarfs NCC’s 150.67%, indicating that while NCC has shown strong medium-term growth, it has lagged the broader market over the very long term.
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Mojo Score and Analyst Ratings
NCC Ltd currently holds a Mojo Score of 41.0, categorised as a Sell rating by MarketsMOJO. This represents a downgrade from its previous Hold grade as of 20 Oct 2025. The Market Cap Grade stands at 3, reflecting a mid-tier market capitalisation within its sector. The downgrade signals that despite some short-term technical improvements, the overall fundamental and technical outlook remains cautious.
Investors should note that the mildly bearish technical trend and mixed momentum indicators suggest that NCC Ltd is in a consolidation phase rather than a clear recovery. The divergence between weekly and monthly MACD and KST readings underscores the need for careful monitoring of upcoming price action and volume trends before committing to a bullish stance.
Investment Implications and Outlook
For investors, the current technical landscape of NCC Ltd suggests a cautious approach. The stock’s recent outperformance relative to the Sensex over short-term periods is encouraging, but the longer-term underperformance and mixed technical signals warrant prudence. The mildly bearish daily moving averages and lack of volume confirmation imply that any upward momentum may be fragile.
Traders may consider watching for a sustained breakout above key moving averages and confirmation from monthly MACD and KST indicators before increasing exposure. Conversely, a failure to hold above the current support near ₹153 could signal a resumption of bearish momentum.
Overall, NCC Ltd’s technical parameters reflect a stock at a crossroads, with potential for recovery tempered by lingering bearish influences. Investors should balance these technical insights with fundamental analysis and sector outlook before making decisions.
Summary
NCC Ltd’s technical momentum has shifted from bearish to mildly bearish, with mixed signals from MACD, RSI, Bollinger Bands, and moving averages. While weekly MACD shows mild bullishness, monthly indicators remain bearish, and volume trends lack conviction. The stock’s recent price gains outpace the Sensex in the short term but lag over longer horizons. The downgrade to a Sell rating by MarketsMOJO reflects these uncertainties. Investors are advised to monitor key technical levels and broader market conditions closely before adjusting positions.
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