Technical Trend Overview and Price Movement
Nitta Gelatin’s current price stands at ₹852.05, down slightly from the previous close of ₹858.85. The stock’s 52-week high is ₹1,005.00, while the low is ₹640.00, indicating a wide trading range over the past year. Today’s intraday range between ₹832.10 and ₹865.60 suggests some volatility but no decisive directional breakout. The technical trend has shifted from mildly bullish to sideways, signalling a pause or consolidation phase after recent gains.
This sideways movement is corroborated by the daily moving averages, which have turned mildly bearish, indicating short-term selling pressure or lack of upward momentum. However, the weekly and monthly perspectives offer a more nuanced picture, with mixed signals from various momentum oscillators.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator presents a divergence between weekly and monthly timeframes. On the weekly chart, MACD remains mildly bullish, suggesting that short-term momentum still favours the bulls. Conversely, the monthly MACD has turned mildly bearish, indicating that longer-term momentum is weakening. This divergence often precedes a period of consolidation or a potential trend reversal, warranting close monitoring by investors.
The Know Sure Thing (KST) indicator also reflects this mixed momentum. It is bearish on the weekly timeframe but bullish on the monthly, reinforcing the notion of short-term weakness amid longer-term strength. Such conflicting signals can lead to choppy price action, as market participants weigh near-term risks against longer-term prospects.
RSI and Overbought/Oversold Conditions
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, hovering in neutral territory. This suggests that the stock is neither overbought nor oversold, consistent with the sideways technical trend. The absence of extreme RSI readings reduces the likelihood of imminent sharp reversals based on momentum exhaustion, but also implies a lack of strong directional conviction.
Bollinger Bands and Price Volatility
Bollinger Bands on both weekly and monthly charts remain bullish, indicating that price volatility is contained within an upward trending channel. This technical setup often precedes a breakout, either to the upside or downside, depending on subsequent market catalysts. The current price near the lower band on the daily chart suggests a potential support level, but confirmation is needed from volume and other indicators.
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Moving Averages and Daily Price Action
Daily moving averages have turned mildly bearish, signalling a short-term downtrend or correction phase. This is reflected in the stock’s recent price dip of 0.79% on the day. The mild bearishness in moving averages suggests that traders are cautious, possibly awaiting clearer signals before committing to fresh positions.
However, the weekly and monthly Dow Theory assessments remain mildly bullish, indicating that the primary trend is still intact. This divergence between short-term and longer-term moving averages is typical in consolidation phases, where the market digests prior gains before deciding on the next directional move.
Volume and On-Balance Volume (OBV) Analysis
On-Balance Volume (OBV) data is currently unavailable for both weekly and monthly periods, limiting the ability to assess volume-driven momentum. Nonetheless, the absence of significant volume spikes suggests that the recent price movements are not strongly supported by trading activity, which aligns with the sideways trend and mixed technical signals.
Comparative Returns and Sector Context
Over various timeframes, Nitta Gelatin has outperformed the Sensex significantly. The stock delivered a 1.52% gain over the past week compared to the Sensex’s 1.14% decline, and a 6.42% return over the past month against the Sensex’s 1.20% fall. Year-to-date, the stock is up 4.67%, while the Sensex is down 3.04%. Over one year, the stock’s return of 20.77% dwarfs the Sensex’s 8.52% gain.
Longer-term returns are even more impressive, with a five-year gain of 397.26% compared to the Sensex’s 60.30%, and a ten-year return of 362.07% versus the Sensex’s 259.46%. These figures underscore the stock’s strong fundamental and technical resilience within the Specialty Chemicals sector, despite recent technical consolidation.
Mojo Score and Rating Upgrade
MarketsMOJO has upgraded Nitta Gelatin’s Mojo Grade from Sell to Hold as of 01 Feb 2026, reflecting improved technical and fundamental outlooks. The current Mojo Score stands at 51.0, indicating a neutral stance with potential for upside if momentum indicators align positively. The Market Cap Grade is 4, suggesting moderate market capitalisation relative to peers.
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Investor Takeaway and Outlook
Investors should note that Nitta Gelatin India Ltd is currently in a technical consolidation phase, with short-term indicators showing mild bearishness while longer-term momentum remains cautiously optimistic. The mixed signals from MACD, KST, and moving averages suggest that the stock may trade sideways in the near term, awaiting fresh catalysts to resume its upward trajectory.
Given the stock’s strong historical returns and recent upgrade to a Hold rating by MarketsMOJO, long-term investors may view current price levels as an opportunity to accumulate, provided they are comfortable with the inherent volatility and technical uncertainty. Traders, meanwhile, should watch for confirmation from volume and momentum indicators before initiating new positions.
Overall, Nitta Gelatin’s technical parameters reflect a stock at a crossroads, balancing between consolidation and potential breakout. Close monitoring of weekly MACD and Bollinger Bands, alongside daily moving averages, will be crucial in the coming weeks to gauge the next directional move.
Sector and Market Positioning
Within the Specialty Chemicals sector, Nitta Gelatin maintains a competitive position, supported by consistent earnings growth and a resilient business model. The stock’s performance relative to the Sensex and sector peers highlights its appeal as a growth-oriented investment, albeit with some technical caution warranted in the short term.
Conclusion
Nitta Gelatin India Ltd’s recent technical parameter changes signal a shift from a mildly bullish trend to a sideways consolidation, marked by mixed momentum indicators and mild bearishness in daily moving averages. While short-term price action shows some weakness, longer-term technical signals and fundamental strength support a cautiously optimistic outlook. Investors should weigh these factors carefully, considering the stock’s strong historical returns and upgraded Mojo Grade, before making investment decisions.
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