Radico Khaitan Ltd. Technical Momentum Shifts Amid Mixed Indicator Signals

Technical Trend Overview and Price Movement

As of 18 Feb 2026, Radico Khaitan’s share price closed at ₹2,813.65, marking a modest increase of 0.76% from the previous close of ₹2,792.50. The stock traded within a range of ₹2,786.00 to ₹2,847.25 during the day, reflecting a relatively stable intraday momentum. Despite this, the broader technical trend has shifted from mildly bearish to sideways, signalling a potential consolidation phase after recent volatility.

The stock remains well below its 52-week high of ₹3,695.00 but comfortably above its 52-week low of ₹1,846.10, indicating a wide trading band over the past year. This range suggests that while the stock has faced significant corrections, it retains substantial upside potential if momentum indicators align favourably.

MACD Signals: Divergent Bearishness Across Timeframes

The Moving Average Convergence Divergence (MACD) indicator offers a mixed outlook. On a weekly basis, the MACD remains bearish, signalling that the medium-term momentum is still under pressure. This bearishness is characterised by the MACD line staying below the signal line, suggesting that selling pressure has not fully abated.

Conversely, the monthly MACD is mildly bearish, indicating a less severe downtrend over the longer term. This mild bearishness could imply that while the stock has experienced downward momentum, it is not in a strong downtrend and may be poised for a reversal or sideways movement if other indicators confirm.

RSI and Momentum Oscillators: Neutral Signals

The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no definitive signal, hovering in a neutral zone that neither indicates overbought nor oversold conditions. This neutrality suggests that the stock is not experiencing extreme buying or selling pressure, which aligns with the sideways trend observed in price action.

Similarly, the Know Sure Thing (KST) oscillator remains bearish on the weekly chart and mildly bearish on the monthly chart, reinforcing the cautious stance on momentum. These oscillators highlight that while there is no strong bullish momentum, the stock is not in freefall either, supporting a wait-and-watch approach for investors.

Moving Averages and Bollinger Bands: Signs of Mild Bullishness Amid Caution

Daily moving averages have turned mildly bullish, with short-term averages crossing above longer-term averages, signalling potential upward momentum in the near term. This shift is a positive technical development, suggesting that recent price gains may have some sustainability.

Bollinger Bands present a contrasting picture: weekly bands remain mildly bearish, indicating that price volatility and downward pressure persist in the medium term. However, monthly Bollinger Bands have turned mildly bullish, hinting at a possible easing of volatility and a stabilisation of price levels over the longer horizon.

Volume and Dow Theory Perspectives

On-Balance Volume (OBV) analysis shows a mildly bullish trend on the weekly chart, suggesting that volume is supporting recent price gains. This is a positive sign, as volume confirmation often precedes sustained price movements.

Dow Theory assessments, however, remain mildly bearish on the weekly timeframe and show no clear trend on the monthly scale. This mixed signal underscores the current uncertainty in the stock’s directional bias, reinforcing the sideways trend narrative.

Comparative Returns and Market Context

Radico Khaitan’s recent returns reveal a complex performance relative to the broader market. Over the past week, the stock outperformed the Sensex with a 1.72% gain versus the Sensex’s 0.98% decline. However, over the last month, the stock declined by 2.70%, slightly worse than the Sensex’s marginal 0.14% fall.

Year-to-date, Radico Khaitan has underperformed significantly, with a 14.64% loss compared to the Sensex’s 2.08% decline. Despite this, the stock’s longer-term performance remains robust, boasting a 44.12% gain over one year, 150.42% over three years, 401.45% over five years, and an extraordinary 2,760.85% over ten years, far outpacing the Sensex’s respective returns of 9.81%, 36.80%, 61.40%, and 256.90%.

Mojo Score and Rating Revision

MarketsMOJO’s latest assessment assigns Radico Khaitan a Mojo Score of 54.0, reflecting a Hold rating, a downgrade from the previous Buy rating issued on 16 Feb 2026. This adjustment reflects the tempered optimism amid mixed technical signals and the sideways momentum shift. The Market Cap Grade remains low at 2, indicating limited market capitalisation strength relative to peers.

The Hold rating suggests investors should exercise caution and monitor technical developments closely before committing additional capital. The downgrade aligns with the subdued momentum indicators and the stock’s recent underperformance on a monthly and year-to-date basis.

Investment Implications and Outlook

For investors, the current technical landscape of Radico Khaitan suggests a period of consolidation and indecision. The mildly bullish daily moving averages and monthly Bollinger Bands offer some hope for a recovery, but the persistent bearishness in weekly MACD and KST indicators advises prudence.

Given the stock’s strong long-term returns, patient investors may view the current sideways phase as an opportunity to accumulate at relatively attractive levels, provided they are comfortable with the inherent volatility and mixed signals. Conversely, short-term traders might prefer to await clearer confirmation of trend direction before initiating new positions.

Summary

Radico Khaitan Ltd.’s technical parameters reveal a stock in transition, with momentum shifting from mildly bearish to sideways. Mixed signals from MACD, RSI, moving averages, and volume indicators suggest a cautious stance is warranted. While daily moving averages hint at mild bullishness, weekly and monthly oscillators remain subdued or bearish, reflecting uncertainty in the stock’s near-term trajectory.

Investors should weigh the stock’s impressive long-term returns against its recent volatility and technical ambiguity. The Hold rating from MarketsMOJO underscores the need for vigilance and selective positioning until clearer trend confirmation emerges.

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