Radhika Jeweltech Ltd Sees Technical Momentum Shift Amid Mixed Indicator Signals

Price Momentum and Market Performance

The stock’s recent rally marks a strong rebound from its previous close of ₹73.16, with intraday highs touching ₹84.50 and lows at ₹74.00. Despite this positive short-term momentum, the stock remains well below its 52-week high of ₹119.10, indicating room for further recovery. Over the past week, Radhika Jeweltech has outperformed the broader market, delivering a 9.84% return compared to the Sensex’s marginal decline of 0.30%. Similarly, the one-month return stands at 4.54%, again surpassing the Sensex’s 0.88% fall.

However, the longer-term picture is more mixed. The stock has declined by 21.11% over the past year, contrasting with the Sensex’s 8.65% gain, suggesting that while short-term technicals are improving, fundamental challenges or sector headwinds may still weigh on investor confidence. Over three and five years, the stock has delivered exceptional returns of 174.87% and 2371.39% respectively, far outpacing the Sensex’s 41.84% and 76.66% gains, underscoring its strong historical growth trajectory.

Technical Indicator Analysis

The recent technical parameter change has shifted the overall trend from bearish to mildly bearish, reflecting a tentative improvement in price momentum. The Moving Average Convergence Divergence (MACD) indicator remains bearish on the weekly chart but has softened to mildly bearish on the monthly timeframe. This suggests that while short-term momentum is still under pressure, longer-term momentum is stabilising.

The Relative Strength Index (RSI) on the weekly chart signals bearish momentum, indicating that the stock may still be vulnerable to short-term selling pressure. However, the monthly RSI shows no clear signal, implying a neutral stance over a longer horizon. Bollinger Bands on both weekly and monthly charts are mildly bearish, signalling that price volatility remains elevated but not excessively so, with the stock trading near the upper band intraday, which could indicate a short-term overbought condition.

Daily moving averages also reflect a mildly bearish stance, with the stock price hovering close to key averages, suggesting a consolidation phase rather than a decisive breakout. The Know Sure Thing (KST) oscillator aligns with this view, bearish on the weekly scale but mildly bearish monthly, reinforcing the notion of a cautious recovery rather than a strong uptrend.

Dow Theory analysis shows no clear trend on the weekly chart but mildly bearish conditions on the monthly chart, indicating that the broader market forces may still be exerting downward pressure on the stock. Conversely, the On-Balance Volume (OBV) indicator is mildly bullish on the weekly timeframe, hinting at accumulation by investors despite the mixed price signals, though the monthly OBV shows no definitive trend.

Mojo Score and Market Capitalisation Insights

Radhika Jeweltech currently holds a Mojo Score of 51.0, reflecting a Hold rating, an upgrade from its previous Sell grade as of 7 Jan 2026. This upgrade signals a cautious optimism among analysts, recognising the recent technical improvements while acknowledging lingering risks. The company’s market capitalisation grade stands at 4, indicating a micro-cap status within the Gems, Jewellery And Watches sector, which often entails higher volatility but also potential for outsized returns.

The 12.15% day change on 8 Jan 2026 is a significant move for a stock of this size, suggesting renewed investor interest possibly driven by technical buying or sector rotation. However, the mildly bearish technical backdrop advises prudence, as the stock may face resistance near its recent highs and could be susceptible to profit-taking.

Comparative Sector and Market Context

Within the Gems, Jewellery And Watches industry, Radhika Jeweltech’s mixed technical signals mirror broader sector challenges, including fluctuating consumer demand and input cost pressures. The stock’s outperformance relative to the Sensex in the short term is encouraging, but the longer-term underperformance relative to the benchmark index highlights the need for investors to balance technical momentum with fundamental analysis.

Investors should also consider the stock’s volatility, as indicated by Bollinger Bands and moving averages, which suggest that while the stock is attempting to stabilise, it remains vulnerable to market swings. The mildly bullish weekly OBV hints at some accumulation, which could provide a foundation for a more sustained recovery if confirmed by other indicators.

Investor Takeaway and Outlook

Radhika Jeweltech’s recent technical parameter shift from bearish to mildly bearish, combined with a strong intraday price gain, suggests a tentative improvement in market sentiment. However, the mixed signals from key technical indicators such as MACD, RSI, and moving averages counsel caution. The weekly bearish MACD and RSI imply that short-term momentum remains fragile, while the mildly bullish OBV hints at underlying buying interest.

Investors should monitor the stock’s ability to sustain levels above ₹82 and break through resistance near ₹84.50 to confirm a more robust uptrend. Failure to do so could result in renewed selling pressure, especially given the longer-term underperformance relative to the Sensex and the mildly bearish monthly technical backdrop.

Given the Hold rating upgrade and the company’s historical outperformance over multi-year periods, Radhika Jeweltech remains a stock to watch for investors seeking exposure to the Gems, Jewellery And Watches sector with a balanced risk-reward profile. Continued monitoring of technical indicators alongside fundamental developments will be essential to gauge the sustainability of the current momentum shift.

Summary of Key Technical Metrics:

• MACD: Weekly Bearish, Monthly Mildly Bearish


• RSI: Weekly Bearish, Monthly Neutral


• Bollinger Bands: Weekly & Monthly Mildly Bearish


• Moving Averages (Daily): Mildly Bearish


• KST: Weekly Bearish, Monthly Mildly Bearish


• Dow Theory: Weekly No Trend, Monthly Mildly Bearish


• OBV: Weekly Mildly Bullish, Monthly No Trend

Price and Return Highlights:

• Current Price: ₹82.05 (up 12.15% on 8 Jan 2026)


• 52-Week Range: ₹70.01 - ₹119.10


• 1 Week Return: +9.84% vs Sensex -0.30%


• 1 Month Return: +4.54% vs Sensex -0.88%


• 1 Year Return: -21.11% vs Sensex +8.65%


• 3 Year Return: +174.87% vs Sensex +41.84%


• 5 Year Return: +2371.39% vs Sensex +76.66%

As the stock navigates this technical inflection point, investors should weigh the improved short-term momentum against the broader sector and market context to make informed decisions.

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