Panorama Studios International Ltd Faces Bearish Momentum Amid Technical Downturn

Technical Trend Shift and Price Movement

Panorama Studios International Ltd (stock code 999993) closed at ₹43.07 on 3 Feb 2026, down 2.14% from the previous close of ₹44.01. The stock traded within a range of ₹41.10 to ₹45.80 during the day, reflecting heightened volatility. Its 52-week high stands at ₹62.66, while the 52-week low is ₹35.01, indicating a wide trading band over the past year.

The technical trend has shifted from mildly bearish to outright bearish, signalling increased downside pressure. This shift is corroborated by multiple technical indicators across different timeframes, suggesting a weakening price momentum that investors should carefully monitor.

MACD and Momentum Indicators

The Moving Average Convergence Divergence (MACD) indicator remains bearish on the weekly chart and mildly bearish on the monthly chart. The weekly MACD histogram continues to show negative divergence, indicating that the stock’s short-term momentum is weakening relative to its longer-term trend. The mildly bearish monthly MACD suggests that while the longer-term downtrend is not yet severe, it is gaining traction.

Complementing the MACD, the Know Sure Thing (KST) indicator also signals bearish momentum on the weekly timeframe and mildly bearish on the monthly. This alignment of momentum oscillators reinforces the view that the stock is under selling pressure in the near term.

Relative Strength Index and Bollinger Bands

The Relative Strength Index (RSI) currently shows no clear signal on both weekly and monthly charts, hovering in a neutral zone. This suggests that the stock is neither oversold nor overbought, leaving room for further downside or sideways consolidation.

However, Bollinger Bands indicate bearishness on both weekly and monthly timeframes. The stock price is trending towards the lower band, which often signals increased volatility and potential continuation of the downward trend. This technical setup implies that the stock may face resistance in regaining upward momentum in the short term.

Moving Averages and Volume Analysis

Daily moving averages present a mildly bearish stance, with the stock price trading below its short-term averages. This suggests that recent price action is weaker compared to its immediate past, reinforcing the bearish outlook. The absence of clear signals from On-Balance Volume (OBV) data leaves volume trends ambiguous, though the price action itself points to selling pressure.

Dow Theory and Broader Trend Context

According to Dow Theory, there is no definitive trend on either the weekly or monthly charts, indicating a lack of clear directional confirmation from this classical market theory. This absence of trend confirmation adds to the uncertainty surrounding the stock’s near-term trajectory.

Overall, the technical summary paints a cautious picture: multiple indicators confirm bearish momentum, while some oscillators remain neutral, suggesting potential for further downside or consolidation before any recovery.

Mojo Score and Grade Downgrade

Reflecting these technical developments, Panorama Studios International Ltd’s Mojo Score stands at a low 23.0, with a Mojo Grade of Strong Sell as of 12 Nov 2025, downgraded from Sell. This downgrade signals a deterioration in the stock’s overall quality and outlook, as assessed by MarketsMOJO’s proprietary analytics. The company’s Market Cap Grade is 4, indicating a mid-tier market capitalisation relative to its peers in the Media & Entertainment sector.

Comparative Returns and Long-Term Performance

Despite recent technical weakness, the stock’s long-term returns remain impressive. Over the past five years, Panorama Studios has delivered a staggering 1,897.68% return, vastly outperforming the Sensex’s 64.00% gain over the same period. Even over three years, the stock’s return of 473.96% dwarfs the Sensex’s 36.26%.

However, shorter-term returns tell a different story. The stock has declined 15.25% over the last year, while the Sensex gained 5.37%. Year-to-date and one-month returns are positive at 10.86% and 11.32% respectively, but the Sensex has declined in these periods, suggesting some recent relative strength despite the technical bearishness.

Sector and Industry Context

Operating within the Media & Entertainment sector, Panorama Studios faces sector-specific challenges including shifting consumer preferences, regulatory changes, and competitive pressures from digital platforms. These factors, combined with the technical signals, suggest investors should exercise caution and closely monitor upcoming earnings and sector developments.

Investor Takeaway and Outlook

In summary, Panorama Studios International Ltd is currently navigating a challenging technical landscape. The convergence of bearish MACD, Bollinger Bands, and KST indicators on weekly and monthly charts, combined with a downgrade to Strong Sell, suggests that the stock may face further downward pressure in the near term.

Investors should weigh the stock’s impressive long-term returns against the current technical weakness and sector headwinds. Those with exposure to Panorama Studios may consider monitoring key support levels near ₹41 and the 52-week low of ₹35.01, while also keeping an eye on broader market trends and sector developments that could influence the stock’s trajectory.

Given the mixed signals from momentum oscillators and the absence of a clear Dow Theory trend, a period of consolidation or volatility is likely before any sustained recovery. Caution and disciplined risk management are advisable for investors considering new positions or holding existing stakes.

Summary of Key Technical Metrics:

• Current Price: ₹43.07
• Day Change: -2.14%
• 52-Week Range: ₹35.01 - ₹62.66
• MACD: Weekly Bearish, Monthly Mildly Bearish
• RSI: Neutral (No Signal)
• Bollinger Bands: Bearish (Weekly & Monthly)
• Moving Averages: Daily Mildly Bearish
• KST: Weekly Bearish, Monthly Mildly Bearish
• Dow Theory: No Trend
• Mojo Score: 23.0 (Strong Sell)

Investors should continue to monitor technical developments alongside fundamental news to make informed decisions in this volatile environment.

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