Popular Vehicles & Services Ltd Faces Technical Momentum Shift Amid Bearish Signals

Technical Trend Overview and Price Movement

The stock of Popular Vehicles & Services Ltd, currently priced at ₹112.00, has seen a significant decline of 4.56% on the day, closing well below its previous close of ₹117.35. The intraday range spanned from ₹109.45 to ₹115.80, reflecting heightened volatility. Over the past week, the stock has underperformed the broader market, registering a 4.23% loss compared to the Sensex’s modest 0.75% decline. This underperformance extends to the monthly horizon, with the stock down 7.55% against the Sensex’s 1.98% fall.

Year-to-date, Popular Vehicles & Services Ltd has marginally declined by 0.36%, while the Sensex has retreated 2.32%. However, the longer-term picture remains concerning, with a 25.63% drop over the past year contrasting sharply with the Sensex’s 8.65% gain. The stock’s 52-week high stands at ₹163.05, while the low is ₹87.28, indicating a wide trading range and significant price pressure.

MACD and Momentum Indicators Signal Bearishness

The Moving Average Convergence Divergence (MACD) indicator, a key momentum oscillator, has turned bearish on the weekly chart, signalling a potential downtrend in the medium term. While the monthly MACD remains neutral, the weekly bearish crossover suggests that selling pressure is intensifying. This is corroborated by the KST (Know Sure Thing) indicator, which also reflects a bearish stance on the weekly timeframe, indicating weakening momentum.

Relative Strength Index (RSI) readings on both weekly and monthly charts currently show no definitive signal, hovering in neutral zones. This suggests that while the stock is not yet oversold, it lacks the bullish momentum needed to reverse the downtrend imminently.

Bollinger Bands and Moving Averages Confirm Downside Pressure

Bollinger Bands, which measure price volatility and potential reversal points, are signalling bearishness on both weekly and monthly charts. The stock price is trading near the lower band on the weekly timeframe, indicating sustained selling pressure and a potential continuation of the downward trend. Conversely, the daily moving averages remain mildly bullish, suggesting some short-term support around current levels, but this is insufficient to offset the broader negative momentum.

Dow Theory and Volume Analysis

Dow Theory assessments reinforce the mildly bearish outlook on both weekly and monthly timeframes. This traditional market analysis method, which evaluates the confirmation of trends across different indices, suggests that the stock is unlikely to see a sustained rally in the near term. On-Balance Volume (OBV) indicators show no clear trend on weekly or monthly charts, indicating that volume is not currently supporting any directional move, which adds to the uncertainty surrounding the stock’s immediate prospects.

Mojo Score and Market Capitalisation Insights

Popular Vehicles & Services Ltd holds a Mojo Score of 28.0, categorised as a Strong Sell, an upgrade in severity from its previous Sell rating as of 19 Jan 2026. This downgrade reflects deteriorating technical and fundamental conditions. The company’s market capitalisation grade is rated 4, indicating a relatively small market cap, which may contribute to higher volatility and risk for investors.

The downgrade to a Strong Sell rating by MarketsMOJO underscores the need for caution, especially given the stock’s underperformance relative to the Sensex and the negative technical signals across multiple indicators.

Comparative Performance and Sector Context

Within the automobile sector, Popular Vehicles & Services Ltd’s recent price action and technical deterioration stand out. While the sector has faced headwinds due to global supply chain disruptions and fluctuating demand, the stock’s sharper declines relative to peers suggest company-specific challenges or investor sentiment issues. The broader Sensex’s positive 8.65% return over the past year contrasts starkly with the stock’s 25.63% loss, highlighting its relative weakness.

Investor Takeaway and Outlook

Investors should approach Popular Vehicles & Services Ltd with caution given the prevailing technical signals. The shift from mildly bullish to mildly bearish trends, combined with a Strong Sell Mojo Grade, suggests limited upside potential in the near term. The bearish MACD and Bollinger Bands on weekly and monthly charts indicate that downward momentum may persist, while the lack of volume confirmation further clouds the outlook.

Short-term traders might find some support from daily moving averages, but the broader technical landscape advises prudence. The stock’s significant underperformance relative to the Sensex and the automobile sector’s challenges reinforce the need for careful risk management.

For investors seeking exposure to the automobile sector, it may be prudent to consider alternative stocks with stronger technical and fundamental profiles, as highlighted by recent comparative analyses.

Summary of Key Technical Metrics:

• Current Price: ₹112.00 (Down 4.56% today)


• 52-Week Range: ₹87.28 - ₹163.05


• MACD: Weekly Bearish, Monthly Neutral


• RSI: No clear signal on weekly/monthly charts


• Bollinger Bands: Bearish on weekly and monthly


• Moving Averages: Daily Mildly Bullish


• KST: Weekly Bearish


• Dow Theory: Mildly Bearish on weekly and monthly


• OBV: No clear trend


• Mojo Score: 28.0 (Strong Sell, downgraded from Sell on 19 Jan 2026)


• Market Cap Grade: 4 (Small Cap)

Given these factors, Popular Vehicles & Services Ltd currently presents a challenging technical picture, with bearish momentum dominating and limited signs of near-term recovery.

Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →