Shivalik Bimetal Controls Ltd Sees Mixed Technical Signals Amid Price Momentum Shift

Price Movement and Market Context

On 12 Feb 2026, Shivalik Bimetal Controls Ltd closed at ₹531.90, marking a significant intraday gain of 3.26% from the previous close of ₹515.10. The stock traded within a range of ₹515.20 to ₹553.25, approaching its 52-week high of ₹604.00, while comfortably above its 52-week low of ₹378.00. This recent price action underscores a short-term bullish momentum, supported by a weekly return of 9.96%, substantially outperforming the Sensex’s 0.50% gain over the same period.

Over the longer term, the stock’s performance remains impressive, with a one-month return of 24.35% and a year-to-date gain of 23.80%, both vastly exceeding the Sensex’s modest returns of 0.79% and -1.16% respectively. However, the one-year return of 5.81% lags behind the Sensex’s 10.41%, and the three-year return of 24.82% trails the benchmark’s 38.81%. Notably, the five-year and ten-year returns of 873.32% and 7,327.73% respectively, dwarf the Sensex’s 63.46% and 267.00%, highlighting Shivalik Bimetal’s exceptional long-term growth trajectory.

Technical Indicator Analysis

The recent technical parameter change has shifted the stock’s trend from mildly bearish to sideways, reflecting a phase of consolidation after a period of volatility. This transition is evident across multiple technical indicators, which present a nuanced picture of the stock’s momentum and potential direction.

MACD (Moving Average Convergence Divergence)

The MACD indicator offers a mixed signal. On the weekly chart, the MACD is mildly bullish, suggesting that short-term momentum is gaining strength. This is consistent with the recent price appreciation and the stock’s ability to hold above key support levels. Conversely, the monthly MACD remains bearish, indicating that the longer-term trend has yet to confirm a sustained uptrend. This divergence between weekly and monthly MACD readings suggests that while short-term traders may find opportunities, longer-term investors should remain cautious.

RSI (Relative Strength Index)

Both weekly and monthly RSI readings currently show no clear signal, hovering in neutral territory. This lack of extreme overbought or oversold conditions implies that the stock is neither stretched nor deeply undervalued technically, reinforcing the sideways trend narrative. The RSI’s neutrality suggests that momentum could swing in either direction depending on upcoming market catalysts.

Bollinger Bands

Bollinger Bands on both weekly and monthly timeframes are bullish, indicating that price volatility is expanding with upward bias. The stock’s recent price action near the upper band on the weekly chart signals strong buying interest, which could support further gains if sustained. However, the monthly bullishness in Bollinger Bands contrasts with the bearish monthly MACD, highlighting the complexity of the current technical setup.

Moving Averages

Daily moving averages remain mildly bearish, reflecting that the stock’s short-term price is still below some key moving average levels, which act as resistance. This suggests that despite recent gains, the stock has not decisively broken out of its short-term downtrend. Investors should watch for a crossover above these averages as a potential confirmation of renewed upward momentum.

KST (Know Sure Thing) Indicator

The KST indicator aligns with the MACD’s mixed signals, showing mild bullishness on the weekly chart but bearishness on the monthly. This further emphasises the divergence between short-term optimism and longer-term caution, underscoring the importance of monitoring multiple timeframes for a comprehensive view.

Dow Theory and OBV (On-Balance Volume)

Both Dow Theory and OBV indicators are mildly bullish on weekly and monthly charts, suggesting that volume trends and price action are supporting a potential base-building phase. The alignment of these indicators with price consolidations may indicate accumulation by institutional investors, which could precede a more sustained rally if confirmed by other signals.

Mojo Score and Grade Update

MarketsMOJO’s latest assessment assigns Shivalik Bimetal a Mojo Score of 48.0, reflecting a cautious outlook. The Mojo Grade has been downgraded from Hold to Sell as of 27 Oct 2025, signalling a deterioration in the stock’s technical and fundamental outlook. The Market Cap Grade stands at 3, indicating a mid-tier market capitalisation relative to peers in the Iron & Steel Products sector.

Sector and Industry Context

Operating within the Iron & Steel Products industry, Shivalik Bimetal faces sector-specific headwinds including raw material price volatility and cyclical demand fluctuations. While the sector has shown pockets of strength, the stock’s sideways technical trend suggests that it is currently navigating a period of uncertainty amid broader market dynamics.

Investor Implications and Outlook

For investors, the mixed technical signals warrant a balanced approach. The weekly bullish indicators such as MACD, Bollinger Bands, and OBV point to potential short-term upside, especially given the stock’s recent outperformance relative to the Sensex. However, the bearish monthly MACD and daily moving averages caution against overextension, suggesting that a clear breakout confirmation is needed before committing to a bullish stance.

Risk-averse investors may prefer to wait for a sustained move above key resistance levels near ₹553 and a positive shift in monthly momentum indicators. Conversely, traders with a higher risk tolerance might capitalise on the current short-term bullishness, employing tight stop-losses to manage downside risk.

Conclusion

Shivalik Bimetal Controls Ltd’s recent technical parameter change highlights a critical juncture in its price momentum. While short-term indicators suggest mild bullishness and a potential for further gains, longer-term signals remain cautious, reflecting a sideways consolidation phase. The downgrade in Mojo Grade to Sell reinforces the need for prudence.

Investors should closely monitor key technical levels and indicator confirmations before increasing exposure. The stock’s impressive long-term returns remain a positive backdrop, but the current mixed technical landscape calls for a measured approach amid evolving market conditions.

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