Technical Momentum Shifts to Bearish Territory
Responsive Industries Ltd (Stock ID: 728631) has seen its technical trend deteriorate from mildly bearish to outright bearish, reflecting increasing selling pressure. The stock closed at ₹190.00 on 6 Feb 2026, down 2.24% from the previous close of ₹194.35. This decline comes amid a broader technical weakness across multiple timeframes.
The Moving Average Convergence Divergence (MACD) indicator, a key momentum oscillator, remains bearish on both weekly and monthly charts. This sustained negative momentum suggests that the stock’s price is likely to continue facing downward pressure in the near term. Meanwhile, the Relative Strength Index (RSI) shows no clear signal on weekly or monthly scales, indicating a lack of strong momentum either way but not contradicting the bearish outlook.
Bollinger Bands, which measure volatility and potential price reversals, are mildly bearish on weekly and monthly charts. This mild bearishness indicates that the stock is trading near the lower band, often a sign of continued weakness or consolidation at lower levels. Daily moving averages also confirm the bearish stance, with the stock price trading below key averages, signalling a downtrend.
Additional Technical Indicators Confirm Downtrend
The Know Sure Thing (KST) oscillator, which aggregates multiple rate-of-change indicators, is bearish on both weekly and monthly timeframes. This reinforces the view that momentum is firmly negative. Dow Theory analysis presents a mildly bearish trend on the weekly chart, while the monthly chart shows no definitive trend, suggesting some uncertainty over longer horizons.
Interestingly, the On-Balance Volume (OBV) indicator is mildly bullish on the weekly chart, hinting at some accumulation despite price weakness. However, the monthly OBV shows no clear trend, indicating that volume-driven support is limited and not yet strong enough to reverse the downtrend.
Price Performance in Context
Responsive Industries Ltd’s current price of ₹190.00 is significantly below its 52-week high of ₹252.65, but comfortably above its 52-week low of ₹161.00. This range highlights the stock’s volatility over the past year. The day’s trading range between ₹188.30 and ₹194.25 further emphasises the ongoing pressure near the lower end of recent price levels.
When compared with the broader market, the stock’s returns have been mixed. Over the past week, Responsive Industries surged 11.67%, vastly outperforming the Sensex’s modest 0.91% gain. However, this short-term strength has not sustained, as the stock declined 3.26% over the past month versus the Sensex’s 2.49% loss. Year-to-date, the stock is down 4.98%, underperforming the Sensex’s 2.24% decline.
Longer-term returns tell a more nuanced story. Over one year, Responsive Industries has fallen 22.50%, while the Sensex gained 6.44%. Yet, over three and ten years, the stock has outperformed the benchmark, delivering 61.09% and 83.40% returns respectively, compared to the Sensex’s 36.94% and 238.44%. This suggests that while the company has faced recent headwinds, it has historically rewarded patient investors.
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MarketsMOJO Rating and Market Capitalisation Insights
MarketsMOJO has recently downgraded Responsive Industries Ltd from a Sell to a Strong Sell rating as of 5 Jan 2026, reflecting deteriorating fundamentals and technical outlook. The company’s Mojo Score stands at a low 23.0, underscoring weak momentum and quality metrics. The Market Cap Grade is rated 3, indicating a small-cap status with limited liquidity and market presence compared to larger peers in the Furniture and Home Furnishing sector.
This downgrade signals caution for investors, especially given the stock’s bearish technical indicators and recent price weakness. The Furniture and Home Furnishing sector itself has faced headwinds from fluctuating raw material costs and subdued consumer demand, which may be weighing on Responsive Industries’ outlook.
Technical Indicators: What Investors Should Watch
Investors should closely monitor the MACD and KST oscillators for any signs of momentum reversal. Currently, both remain bearish on weekly and monthly charts, suggesting that any rally attempts may be short-lived without a fundamental catalyst. The RSI’s neutral stance means the stock is neither oversold nor overbought, leaving room for further downside or sideways movement.
Moving averages on the daily chart remain firmly bearish, with the stock trading below its 50-day and 200-day averages. A sustained break above these levels would be required to signal a potential trend reversal. Meanwhile, the mild bullishness in weekly OBV could indicate some underlying buying interest, but this has yet to translate into price strength.
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Investor Takeaway and Outlook
Responsive Industries Ltd’s current technical profile suggests caution for investors. The bearish momentum across multiple indicators, combined with a recent downgrade to Strong Sell, points to potential further downside or consolidation at lower levels. The stock’s underperformance relative to the Sensex over the past year adds to the cautious sentiment.
However, the company’s longer-term track record of outperforming the benchmark over three and ten years indicates that it may still hold value for long-term investors willing to weather volatility. Those considering entry should watch for a clear technical turnaround, such as a bullish MACD crossover or a break above key moving averages, before committing fresh capital.
In the meantime, investors may wish to explore alternative opportunities within the Furniture and Home Furnishing sector or broader mid-cap universe, where stronger momentum and more favourable technical setups exist.
Summary of Key Technical Metrics for Responsive Industries Ltd
- Current Price: ₹190.00 (6 Feb 2026)
- 52-Week Range: ₹161.00 - ₹252.65
- Day Change: -2.24%
- MACD: Weekly & Monthly Bearish
- RSI: Neutral (No Signal)
- Bollinger Bands: Mildly Bearish (Weekly & Monthly)
- Moving Averages: Daily Bearish
- KST: Weekly & Monthly Bearish
- Dow Theory: Weekly Mildly Bearish, Monthly No Trend
- OBV: Weekly Mildly Bullish, Monthly No Trend
- Mojo Score: 23.0 (Strong Sell, downgraded from Sell on 5 Jan 2026)
- Market Cap Grade: 3 (Small Cap)
Investors should remain vigilant and consider these technical signals alongside fundamental analysis before making investment decisions regarding Responsive Industries Ltd.
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