Technical Trend Shift and Price Movement
The stock closed at ₹116.00 on 12 Feb 2026, down 2.48% from the previous close of ₹118.95. This decline continues a broader downtrend, with the 52-week high at ₹222.90 and a low of ₹106.70, indicating significant volatility over the past year. The daily trading range on the latest session was between ₹114.30 and ₹118.75, reflecting persistent selling pressure.
Over the past week, Sai Silks has underperformed the Sensex, delivering a negative return of -1.23% compared to the Sensex’s 0.50% gain. The one-month return is even more concerning at -5.92%, while year-to-date losses stand at -26.33%, sharply contrasting with the Sensex’s modest -1.16% decline. Over the last year, the stock has plummeted by 28.88%, whereas the Sensex has appreciated by 10.41%, underscoring the stock’s relative weakness within the broader market.
MACD and Momentum Indicators Signal Bearishness
The Moving Average Convergence Divergence (MACD) indicator on the weekly chart remains bearish, confirming the stock’s downward momentum. The monthly MACD, however, currently shows no definitive signal, suggesting that longer-term momentum may be stabilising but not yet reversing. This divergence between weekly and monthly MACD readings highlights the stock’s short-term weakness amid a potentially neutral longer-term trend.
The Know Sure Thing (KST) indicator also aligns with the bearish narrative on the weekly timeframe, reinforcing the momentum loss. Meanwhile, the Dow Theory assessment on the weekly chart is mildly bullish, indicating some underlying support, but this is insufficient to offset the prevailing negative technical signals.
RSI and Moving Averages Paint a Mixed Picture
The Relative Strength Index (RSI) on the weekly chart is bullish, suggesting that the stock may be approaching oversold conditions and could be due for a short-term bounce. However, the monthly RSI provides no clear signal, reflecting uncertainty in the broader trend. This mixed RSI reading implies that while short-term buyers may emerge, the overall trend remains fragile.
Moving averages on the daily chart are firmly bearish, with the stock trading below key averages, signalling sustained selling pressure. The Bollinger Bands on the weekly chart are bearish, indicating that price volatility is skewed towards the downside. On the monthly scale, Bollinger Bands show a mildly bearish stance, consistent with the stock’s gradual decline over recent months.
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On-Balance Volume and Market Cap Considerations
The On-Balance Volume (OBV) indicator shows no clear trend on the weekly chart but is mildly bearish on the monthly timeframe. This suggests that volume flows have not decisively supported price movements recently, which may limit the strength of any potential recovery.
Sai Silks holds a Market Cap Grade of 3, reflecting a mid-tier market capitalisation relative to its peers. The company’s Mojo Score has deteriorated to 43.0, with a corresponding Mojo Grade downgraded from Hold to Sell as of 19 Jan 2026. This downgrade reflects the technical deterioration and weak price momentum, signalling caution for investors.
Sector and Industry Context
Operating within the Garments & Apparels sector, Sai Silks faces sector-specific headwinds including fluctuating raw material costs and changing consumer demand patterns. The stock’s underperformance relative to the Sensex and sector peers highlights the challenges it currently faces in regaining investor confidence.
Despite the bearish technical signals, the mildly bullish Dow Theory weekly reading and the weekly RSI’s bullish stance suggest that the stock may find short-term support. However, the dominant technical narrative remains negative, with multiple indicators pointing towards continued downward pressure.
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Investor Takeaway and Outlook
For investors, the technical landscape for Sai Silks is currently unfavourable. The downgrade to a Sell rating by MarketsMOJO, combined with a Mojo Score of 43.0, signals caution. The stock’s sustained underperformance against the Sensex and the bearish readings across key technical indicators such as MACD, moving averages, and Bollinger Bands suggest that downside risks remain elevated.
However, the weekly RSI’s bullish signal and the mildly bullish Dow Theory reading indicate that short-term relief rallies cannot be ruled out. Investors should closely monitor volume trends and price action around the ₹114-116 range, which may act as a near-term support zone given the 52-week low of ₹106.70.
Longer-term investors may wish to wait for confirmation of a trend reversal, such as a sustained break above key moving averages or a positive shift in monthly MACD and RSI signals, before considering fresh exposure. Meanwhile, those with existing holdings should evaluate risk tolerance and consider peer comparisons to identify potentially superior alternatives within the Garments & Apparels sector.
Summary of Key Technical Metrics
- Current Price: ₹116.00 (down 2.48% on 12 Feb 2026)
- 52-Week Range: ₹106.70 - ₹222.90
- Mojo Score: 43.0 (Sell rating, downgraded from Hold on 19 Jan 2026)
- MACD: Weekly Bearish, Monthly Neutral
- RSI: Weekly Bullish, Monthly No Signal
- Moving Averages: Daily Bearish
- Bollinger Bands: Weekly Bearish, Monthly Mildly Bearish
- KST: Weekly Bearish
- Dow Theory: Weekly Mildly Bullish
- OBV: Weekly No Trend, Monthly Mildly Bearish
Given these factors, the technical outlook for Sai Silks remains cautious, with a clear need for improved momentum and volume support to reverse the current downtrend.
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