Radhika Jeweltech Ltd Faces Bearish Momentum Amid Mixed Technical Signals

Technical Trend Overview

Radhika Jeweltech’s technical trend has deteriorated from mildly bearish to outright bearish, reflecting increased selling pressure in the short term. The daily moving averages have turned bearish, with the stock currently trading at ₹72.30, down 2.07% from the previous close of ₹73.83. The intraday range on 13 February 2026 saw a high of ₹79.01 and a low of ₹71.50, indicating heightened volatility.

The 52-week price range remains wide, with a high of ₹111.48 and a low of ₹64.00, underscoring the stock’s susceptibility to market swings. This volatility is further emphasised by the technical indicators, which present a complex picture of momentum and trend strength.

MACD and Momentum Oscillators

The Moving Average Convergence Divergence (MACD) indicator remains bearish on the weekly chart and mildly bearish on the monthly chart. This suggests that while short-term momentum is weakening, the longer-term trend is only slightly negative, leaving room for potential stabilisation if buying interest returns.

Relative Strength Index (RSI) readings on both weekly and monthly timeframes currently show no clear signal, hovering in neutral territory. This lack of momentum confirmation implies that the stock is neither overbought nor oversold, which may lead to sideways price action unless a decisive catalyst emerges.

Bollinger Bands and Moving Averages

Bollinger Bands on weekly and monthly charts are mildly bearish, indicating that price volatility is increasing with a downward bias. The stock price is approaching the lower band on the weekly chart, which could act as a support level in the near term. However, the daily moving averages remain bearish, signalling that the immediate trend is unfavourable.

The bearish crossover of short-term moving averages below longer-term averages confirms the negative momentum, suggesting that investors should exercise caution and monitor for any reversal signals before initiating fresh positions.

Additional Technical Indicators: KST, Dow Theory, and OBV

The Know Sure Thing (KST) indicator aligns with the bearish outlook on the weekly chart and mildly bearish stance on the monthly chart, reinforcing the view of weakening momentum. Conversely, Dow Theory readings on the weekly timeframe are mildly bullish, suggesting some underlying strength in the broader trend, though the monthly Dow Theory shows no clear trend.

On balance, the On-Balance Volume (OBV) indicator is mildly bullish on the weekly chart but neutral on the monthly chart, indicating that volume flows are not decisively favouring sellers or buyers. This mixed volume pattern may imply that institutional investors are waiting on the sidelines, awaiting clearer directional cues.

Comparative Performance and Market Context

Radhika Jeweltech’s recent price performance has been mixed relative to the broader market. Over the past week, the stock has outperformed the Sensex with a 5.15% gain compared to the index’s 0.43% rise. However, over the last month and year-to-date periods, the stock has underperformed, declining 3.98% and 3.21% respectively, while the Sensex fell by only 0.24% and 1.81% over the same intervals.

Longer-term returns remain impressive, with a three-year gain of 72.97% significantly outpacing the Sensex’s 37.89%. Over five years, the stock has delivered a staggering 2145.34% return, dwarfing the Sensex’s 62.34% rise. This strong historical performance highlights the company’s growth potential, though recent technical signals suggest a period of consolidation or correction may be underway.

Mojo Score and Rating Update

MarketsMOJO has upgraded Radhika Jeweltech’s Mojo Grade from Sell to Hold as of 10 February 2026, reflecting a cautious but more optimistic stance. The current Mojo Score stands at 51.0, indicating a neutral outlook. The Market Cap Grade is 4, suggesting moderate market capitalisation relative to peers in the Gems, Jewellery And Watches sector.

This rating change signals that while the stock is not yet a strong buy, it is no longer considered a sell, and investors should monitor technical developments closely for signs of trend reversal or further deterioration.

Investor Takeaway and Outlook

Investors in Radhika Jeweltech Ltd should approach the stock with measured caution given the prevailing bearish technical signals. The daily moving averages and weekly MACD suggest downward momentum, while neutral RSI readings imply a lack of strong directional conviction. The mildly bullish Dow Theory and OBV indicators on the weekly timeframe offer some hope for a stabilisation or rebound, but confirmation is needed.

Given the stock’s recent underperformance relative to the Sensex over monthly and year-to-date periods, alongside its strong long-term returns, the current phase may represent a consolidation period rather than a fundamental shift. Traders may consider waiting for a clear breakout above key resistance levels or a positive shift in momentum indicators before increasing exposure.

In summary, Radhika Jeweltech Ltd’s technical landscape is characterised by a cautious transition towards bearishness, tempered by some mixed signals that warrant close monitoring. The MarketsMOJO Hold rating reflects this balanced view, advising investors to stay alert to evolving price action and volume trends.

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