Shish Industries Ltd Technical Momentum Shifts to Mildly Bullish Amid Mixed Signals

Technical Momentum and Indicator Overview

Shish Industries currently trades at ₹13.20, down 1.93% from the previous close of ₹13.46 on 3 Feb 2026. The stock’s 52-week range spans from ₹7.10 to ₹19.14, indicating significant volatility over the past year. Recent technical assessments reveal a nuanced picture: while the overall trend has softened from bullish to mildly bullish, key momentum indicators remain supportive.

The Moving Average Convergence Divergence (MACD) remains bullish on both weekly and monthly timeframes, signalling sustained upward momentum in the medium to long term. This is complemented by the Know Sure Thing (KST) indicator, which is bullish weekly and mildly bullish monthly, reinforcing the presence of positive momentum drivers.

However, the Relative Strength Index (RSI) on weekly and monthly charts currently shows no clear signal, suggesting that the stock is neither overbought nor oversold. This neutral RSI reading implies that the stock may be consolidating before a potential directional move.

Bollinger Bands on weekly and monthly charts indicate a mildly bullish stance, reflecting moderate price volatility with a slight upward bias. Daily moving averages also align with this mildly bullish outlook, suggesting that short-term price action is stabilising after recent declines.

Contrastingly, the Dow Theory presents a mixed signal: mildly bearish on the weekly scale but bullish monthly. This divergence highlights some short-term caution among market participants, even as longer-term trends remain constructive.

Price Performance Relative to Sensex

Shish Industries’ recent price performance has lagged significantly behind the benchmark Sensex index. Over the past week, the stock declined by 8.65%, while the Sensex gained 0.16%. The one-month return for Shish Industries was a steep -25.34%, compared to the Sensex’s -4.78%. Year-to-date, the stock is down 28.26%, whereas the Sensex has fallen by just 4.17%.

Despite these short-term setbacks, the company’s longer-term returns remain impressive. Over the past year, Shish Industries has delivered a 21.32% return, substantially outperforming the Sensex’s 5.37%. Over three years, the stock has surged 107.9%, nearly tripling the Sensex’s 36.26% gain. The five-year return is particularly striking at 1,237.79%, dwarfing the Sensex’s 64.00% rise. This long-term outperformance underscores the company’s resilience and growth potential within the plastic products sector.

Market Capitalisation and Mojo Score Insights

Shish Industries holds a Market Cap Grade of 4, reflecting a mid-cap status with moderate market capitalisation relative to its peers. The company’s Mojo Score has improved to 52.0, resulting in an upgrade from a previous Sell rating to a Hold as of 5 Dec 2025. This upgrade signals a stabilisation in the company’s fundamentals and technical outlook, though it stops short of a Buy recommendation.

The Hold rating aligns with the mildly bullish technical trend and mixed momentum signals, suggesting that investors should monitor the stock closely for confirmation of a sustained uptrend before committing additional capital.

Technical Indicators in Context

The bullish MACD readings on weekly and monthly charts indicate that the underlying momentum remains intact despite recent price weakness. This is a positive sign for investors looking for medium-term entry points. The neutral RSI suggests that the stock is not currently overextended, which could provide room for a rebound if buying interest returns.

Bollinger Bands’ mildly bullish signals imply that volatility is contained, reducing the risk of sharp downside moves in the near term. The mildly bullish daily moving averages further support this view, indicating that short-term price action is stabilising.

However, the mildly bearish weekly Dow Theory signal warrants caution. It suggests that some short-term selling pressure or profit-taking may persist, potentially limiting upside in the immediate future. Investors should watch for a resolution of this divergence to confirm a more decisive trend direction.

Sector and Industry Considerations

Operating within the Plastic Products - Industrial sector, Shish Industries faces both cyclical and structural industry challenges. The sector is sensitive to raw material price fluctuations and demand variability from industrial clients. However, the company’s long-term outperformance relative to the Sensex indicates effective management and competitive positioning.

Given the sector’s capital-intensive nature, the company’s ability to maintain a stable technical profile amid broader market volatility is noteworthy. Investors should consider sector trends and commodity price movements as part of their overall assessment.

Investor Takeaway and Outlook

Shish Industries Ltd’s recent technical parameter changes reflect a cautious but improving momentum profile. The upgrade from Sell to Hold and the Mojo Score of 52.0 indicate that the stock is stabilising after a period of underperformance. While short-term price action remains pressured, the bullish MACD and KST indicators on weekly and monthly charts suggest that medium-term momentum could support a recovery.

Investors should weigh the mildly bearish weekly Dow Theory signal and the neutral RSI readings carefully, as these imply that the stock may require further confirmation before a sustained uptrend is established. The company’s strong long-term returns relative to the Sensex provide a compelling backdrop for patient investors willing to monitor technical developments closely.

Given the mixed signals, a prudent approach would be to maintain a Hold stance while watching for a breakout above recent resistance levels near ₹13.70 and confirmation of bullish momentum on shorter timeframes. Sector dynamics and commodity price trends should also be factored into investment decisions.

Overall, Shish Industries presents a technically improving but still cautious opportunity within the Plastic Products - Industrial sector, meriting close attention from investors seeking mid-cap exposure with a balanced risk-reward profile.

Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →