Optiemus Infracom Ltd Technical Momentum Shifts Amid Bearish Sentiment

Recent Price Movement and Market Context

On 16 Feb 2026, Optiemus Infracom closed at ₹411.00, down 3.69% from the previous close of ₹426.75. The stock traded within a range of ₹409.60 to ₹422.40 during the day, remaining well below its 52-week high of ₹712.95, yet above the 52-week low of ₹366.05. This price action underscores a persistent downward pressure, consistent with the broader technical trend shifts observed.

Comparatively, the stock’s returns have underperformed the Sensex over multiple time horizons. Year-to-date, Optiemus Infracom has declined by 18.7%, while the Sensex has fallen by a more modest 3.0%. Over the past year, the stock’s return stands at -26.6%, contrasting sharply with the Sensex’s positive 8.5% gain. However, the longer-term performance remains impressive, with a 10-year return of 586.7% versus the Sensex’s 259.5%, highlighting the company’s historical growth trajectory despite recent setbacks.

Technical Trend Analysis: Mixed Signals Emerge

MarketsMOJO’s technical assessment reveals a shift from a strongly bearish stance to a mildly bearish trend on the weekly and monthly charts. The Moving Average Convergence Divergence (MACD) indicator remains bearish on a weekly basis, signalling continued downward momentum, while the monthly MACD has softened to mildly bearish, suggesting a potential easing of selling pressure.

The Relative Strength Index (RSI) presents a more optimistic picture on the weekly timeframe, registering a bullish signal that indicates short-term buying interest and potential momentum recovery. However, the monthly RSI remains neutral, offering no clear directional bias. This divergence between weekly and monthly RSI readings suggests that while short-term traders may find opportunities, the longer-term trend remains uncertain.

Bollinger Bands on both weekly and monthly charts are mildly bearish, reflecting price volatility with a tendency towards the lower band. This pattern often precedes consolidation or further downside, warranting close monitoring for breakout or breakdown scenarios.

Moving Averages and Other Momentum Indicators

Daily moving averages continue to signal bearishness, with the stock price trading below key averages such as the 50-day and 200-day moving averages. This alignment typically indicates sustained downward pressure and a lack of immediate bullish catalysts.

The Know Sure Thing (KST) oscillator echoes this sentiment, remaining bearish on a weekly basis and mildly bearish monthly, reinforcing the cautious outlook among momentum traders. Meanwhile, the On-Balance Volume (OBV) indicator shows a mildly bullish weekly trend, hinting at some accumulation despite the price decline, though the monthly OBV remains neutral.

Dow Theory analysis finds no definitive trend on either weekly or monthly charts, reflecting market indecision and the absence of a clear directional consensus among investors.

Mojo Score and Rating Implications

MarketsMOJO has downgraded Optiemus Infracom’s Mojo Grade from Hold to Sell as of 24 Nov 2025, reflecting deteriorating technical and fundamental conditions. The current Mojo Score stands at 31.0, a level that signals weak momentum and heightened risk for investors. The Market Cap Grade is a low 3, indicating limited market capitalisation strength relative to peers in the Telecom - Equipment & Accessories sector.

This downgrade aligns with the technical indicators’ bearish tilt and the stock’s underperformance relative to the broader market. Investors should weigh these signals carefully, especially given the stock’s recent price weakness and the absence of clear bullish confirmation on monthly charts.

Sector and Industry Context

Within the Telecom - Equipment & Accessories sector, Optiemus Infracom faces competitive pressures and evolving market dynamics. The sector itself has experienced mixed performance, with some peers showing resilience while others grapple with supply chain challenges and pricing pressures. This environment adds complexity to the stock’s outlook, as sectoral headwinds may exacerbate company-specific risks.

Given the technical signals and fundamental backdrop, investors may consider a cautious stance, monitoring for any signs of trend reversal or confirmation of sustained weakness before committing fresh capital.

Investor Takeaways and Outlook

Optiemus Infracom’s technical landscape presents a nuanced picture. While weekly RSI and OBV indicators hint at some short-term bullish momentum, the prevailing bearish MACD, moving averages, and Bollinger Bands suggest caution. The downgrade to a Sell rating by MarketsMOJO further emphasises the need for prudence.

Investors should closely monitor key technical levels, particularly the 52-week low of ₹366.05, which could act as a critical support zone. A sustained break below this level may trigger further downside, while a rebound above daily moving averages could signal a potential recovery phase.

Given the stock’s historical outperformance over the long term, patient investors might consider waiting for clearer confirmation of trend reversal before increasing exposure. Meanwhile, those with existing positions should evaluate risk tolerance and consider diversification within the sector or across market caps.

Summary of Technical Indicators

Weekly Chart:

• MACD: Bearish
• RSI: Bullish
• Bollinger Bands: Mildly Bearish
• KST: Bearish
• OBV: Mildly Bullish
• Dow Theory: No Trend

Monthly Chart:

• MACD: Mildly Bearish
• RSI: No Signal
• Bollinger Bands: Mildly Bearish
• KST: Mildly Bearish
• OBV: No Trend
• Dow Theory: No Trend

Conclusion

Optiemus Infracom Ltd is navigating a challenging technical environment marked by mixed momentum signals and a recent downgrade in rating. While short-term indicators offer some hope of stabilisation, the broader trend remains cautious. Investors should adopt a measured approach, balancing the stock’s long-term growth potential against near-term risks and sectoral headwinds.

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