Radico Khaitan Ltd. Technical Momentum Shifts Amid Mixed Market Signals

Technical Trend Overview and Price Movement

As of 17 Feb 2026, Radico Khaitan’s stock price closed marginally lower at ₹2,790.00, down 0.07% from the previous close of ₹2,792.00. The intraday range saw a high of ₹2,859.70 and a low of ₹2,783.80, reflecting moderate 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 broad trading range over the past year.

The technical trend has shifted from mildly bullish to mildly bearish, a change that warrants close attention. This shift is corroborated by the weekly and monthly MACD readings, which have turned bearish and mildly bearish respectively, signalling a potential weakening in upward momentum. The Moving Average Convergence Divergence (MACD) is a key momentum indicator, and its bearish crossover on the weekly chart suggests that sellers may be gaining ground in the near term.

Momentum Indicators: MACD and RSI Analysis

The weekly MACD indicator has deteriorated to a bearish stance, reflecting a decline in momentum over the short term. Meanwhile, the monthly MACD remains mildly bearish, indicating that the longer-term momentum is also under pressure but not decisively negative. This dual timeframe bearishness suggests that the stock may face resistance in sustaining any immediate rallies.

Relative Strength Index (RSI) readings, however, present a more neutral picture. Both weekly and monthly RSI indicators currently show no clear signal, hovering in a mid-range zone that neither indicates overbought nor oversold conditions. This lack of directional RSI signal implies that the stock is consolidating and may be awaiting a catalyst to define its next directional move.

Bollinger Bands and Moving Averages: Conflicting Signals

Bollinger Bands provide further insight into volatility and price trends. On a weekly basis, the bands are signalling bearishness, suggesting that the stock price is trending towards the lower band and may be experiencing increased selling pressure. Conversely, the monthly Bollinger Bands are mildly bullish, indicating that over a longer horizon, the stock retains some upward potential and is not in a sustained downtrend.

Daily moving averages, often used by traders to gauge short-term trends, remain mildly bullish. This suggests that despite the weekly bearish signals, the immediate price action is supported by short-term technical strength. The 50-day and 200-day moving averages have not crossed negatively, which often serves as a warning sign, so the mild bullishness here could provide some cushion against further declines.

Additional Technical Indicators: KST, Dow Theory, and OBV

The Know Sure Thing (KST) indicator, which aggregates multiple rate-of-change calculations, is bearish on the weekly chart and mildly bearish on the monthly chart. This aligns with the MACD’s bearish signals and reinforces the notion of weakening momentum in the medium term.

Dow Theory assessments show a mildly bearish trend on the weekly timeframe, while the monthly trend remains neutral with no clear directional bias. This mixed reading suggests that while short-term price action is under pressure, the longer-term trend is yet to confirm a definitive bearish phase.

On-Balance Volume (OBV), a volume-based indicator that helps confirm price trends, shows no clear trend on either weekly or monthly charts. The absence of volume confirmation means that price movements may lack strong conviction from market participants, increasing the risk of false breakouts or reversals.

Performance Comparison with Sensex and Long-Term Returns

Radico Khaitan’s recent price momentum contrasts with its longer-term performance. Year-to-date, the stock has declined by 15.36%, significantly underperforming the Sensex’s modest 2.28% gain over the same period. Over the past month, the stock fell 3.52%, while the Sensex was down only 0.35%. Even on a weekly basis, Radico Khaitan’s return of -1.43% lagged behind the Sensex’s -0.94%.

However, the company’s long-term returns remain impressive. Over one year, Radico Khaitan has delivered a 36.43% return compared to the Sensex’s 9.66%. Over three years, the stock has surged 153.18%, vastly outperforming the Sensex’s 35.81%. The five-year and ten-year returns are even more striking, with Radico Khaitan delivering 394.94% and 2,761.54% respectively, dwarfing the Sensex’s 59.83% and 259.08% gains. This long-term outperformance highlights the company’s strong growth trajectory despite recent technical setbacks.

Mojo Score and Rating Update

MarketsMOJO’s latest assessment assigns Radico Khaitan a Mojo Score of 54.0, reflecting a Hold rating. This is a downgrade from the previous Buy rating issued on 16 Feb 2026. The Market Cap Grade remains low at 2, indicating moderate market capitalisation relative to peers. The downgrade reflects the recent technical deterioration and the cautious stance warranted by mixed indicator signals.

Investor Implications and Outlook

Investors should approach Radico Khaitan with measured caution given the current technical landscape. The mildly bearish weekly MACD and KST, combined with bearish Bollinger Bands on the weekly timeframe, suggest that short-term downside risks have increased. However, the absence of RSI extremes and the mildly bullish daily moving averages imply that the stock is not in a full-fledged downtrend and may find support near current levels.

Long-term investors may find comfort in the company’s robust historical returns and the mildly bullish monthly Bollinger Bands, which hint at underlying strength. Nonetheless, the recent downgrade to Hold by MarketsMOJO signals that the stock may require further confirmation of trend direction before resuming its upward trajectory.

Conclusion: Navigating Mixed Signals in a Volatile Market

Radico Khaitan Ltd.’s recent technical parameter changes reflect a market grappling with uncertainty. The shift from mildly bullish to mildly bearish momentum, as evidenced by key indicators such as MACD and KST, suggests that investors should remain vigilant. While short-term technicals point to potential weakness, the stock’s long-term fundamentals and historical outperformance provide a counterbalance.

For traders, the current environment calls for close monitoring of support levels near ₹2,780 and resistance around ₹2,860. A decisive break below support could confirm a deeper correction, while a rebound above resistance may signal renewed buying interest. Long-term investors should weigh the recent downgrade and mixed signals against the company’s strong growth record and sector positioning before making allocation decisions.

In sum, Radico Khaitan stands at a technical crossroads, with its next moves likely to be shaped by broader market trends and sector dynamics in the beverages industry.

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