Technical Trend Overview and Price Movement
As of 12 Feb 2026, Nitta Gelatin India Ltd’s share price closed marginally lower at ₹859.95, down 0.12% from the previous close of ₹861.00. The stock traded within a range of ₹840.30 to ₹861.00 during the day, remaining well below its 52-week high of ₹1,005.00 but comfortably above the 52-week low of ₹640.00. This price action reflects a consolidation phase after a period of strong gains.
The technical trend has shifted from mildly bullish to sideways, signalling a pause in upward momentum. This transition is corroborated by mixed signals from key technical indicators, suggesting investors should exercise caution while monitoring potential breakout or breakdown scenarios.
MACD and RSI: Divergent Signals
The Moving Average Convergence Divergence (MACD) indicator presents a nuanced picture. On a weekly basis, the MACD remains mildly bullish, indicating some underlying positive momentum in the medium term. However, the monthly MACD has turned mildly bearish, hinting at a possible weakening of the longer-term trend. This divergence suggests that while short-term momentum may persist, the broader trend is losing strength.
Relative Strength Index (RSI) readings on both weekly and monthly charts currently show no clear signal, hovering in neutral zones. This lack of directional RSI momentum implies that the stock is neither overbought nor oversold, reinforcing the sideways trend narrative and signalling indecision among market participants.
Moving Averages and Bollinger Bands Analysis
Daily moving averages have turned mildly bearish, with short-term averages likely crossing below longer-term averages, a classic sign of waning upward momentum. This bearish crossover on the daily chart suggests that immediate price action could face resistance, potentially limiting near-term gains.
Conversely, Bollinger Bands on both weekly and monthly timeframes remain bullish. The bands are likely expanding or maintaining an upward slope, indicating that volatility is supporting a positive price range. This bullish stance from Bollinger Bands contrasts with the moving averages, highlighting the mixed technical environment.
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Additional Momentum Indicators: KST, Dow Theory, and OBV
The Know Sure Thing (KST) indicator presents a split view: weekly readings are bearish, signalling short-term weakness, while monthly readings remain bullish, suggesting longer-term strength. This divergence aligns with the MACD’s mixed signals and underscores the importance of timeframe in technical analysis.
Dow Theory assessments on both weekly and monthly charts are mildly bullish, indicating that the primary trend remains positive despite recent consolidation. This supports the view that the sideways movement may be a temporary pause rather than a reversal.
On-Balance Volume (OBV) data is currently unavailable or inconclusive for both weekly and monthly periods, limiting insights into volume-driven momentum. Volume analysis will be critical in confirming any future directional moves.
Comparative Performance Against Sensex
Nitta Gelatin’s price performance has been robust relative to the broader market. Over the past week, the stock returned 2.28%, significantly outperforming the Sensex’s 0.50% gain. This outperformance extends over longer periods, with the stock delivering 8.38% over one month versus 0.79% for the Sensex, and a year-to-date return of 5.64% compared to the Sensex’s negative 1.16%.
Over a one-year horizon, Nitta Gelatin’s return of 19.39% nearly doubles the Sensex’s 10.41%, while the five-year return of 406.15% dwarfs the Sensex’s 63.46%. Even over a decade, the stock has appreciated by 381.76%, outperforming the Sensex’s 267.00%. These figures highlight the company’s strong long-term growth trajectory despite recent technical consolidation.
Mojo Score Upgrade and Market Capitalisation Grade
Reflecting the evolving technical landscape, MarketsMOJO has upgraded Nitta Gelatin’s Mojo Grade from Sell to Hold as of 01 Feb 2026, with a current Mojo Score of 51.0. This upgrade signals a cautious optimism, recognising the stock’s resilience amid mixed technical signals. The company holds a Market Cap Grade of 4, indicating a mid-tier market capitalisation relative to its peers in the Specialty Chemicals sector.
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Investment Implications and Outlook
Investors analysing Nitta Gelatin India Ltd should weigh the mixed technical signals carefully. The sideways trend and neutral RSI readings suggest a period of consolidation, while the mildly bearish daily moving averages caution against expecting immediate upward momentum. However, the weekly MACD and Dow Theory’s mildly bullish stance, combined with strong long-term returns, indicate that the stock retains underlying strength.
Given the current technical environment, a prudent approach would be to monitor for confirmation of trend direction through volume spikes or a decisive breakout above recent resistance levels near ₹861.00. Conversely, a sustained move below the daily moving averages and the day’s low of ₹840.30 could signal further downside risk.
Long-term investors may find value in the stock’s historical outperformance relative to the Sensex and its upgraded Mojo Grade, while short-term traders should remain alert to the evolving momentum indicators and potential volatility.
Summary of Key Technical Metrics:
- Current Price: ₹859.95
- 52-Week High/Low: ₹1,005.00 / ₹640.00
- Mojo Score: 51.0 (Hold, upgraded from Sell on 01 Feb 2026)
- MACD: Weekly Mildly Bullish, Monthly Mildly Bearish
- RSI: Neutral on Weekly and Monthly
- Moving Averages: Daily Mildly Bearish
- Bollinger Bands: Bullish on Weekly and Monthly
- KST: Weekly Bearish, Monthly Bullish
- Dow Theory: Mildly Bullish on Weekly and Monthly
- Market Cap Grade: 4
In conclusion, Nitta Gelatin India Ltd’s technical parameters reflect a stock at a crossroads, balancing between consolidation and potential renewed momentum. Investors should remain vigilant, leveraging both technical and fundamental insights to navigate the evolving market dynamics.
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