Technical Trend Overview and Price Momentum
SPCF’s technical trend has softened from mildly bullish to mildly bearish, reflecting a subtle but important change in market sentiment. The stock’s daily moving averages have turned mildly bearish, signalling that short-term price momentum may be waning. This is despite the stock’s intraday high reaching ₹416.45, well above the previous close of ₹349.60, indicating some volatility and buying interest during the session.
The 52-week price range remains wide, with a low of ₹221.10 and a high of ₹476.60, underscoring the stock’s potential for significant price swings. The current price of ₹359.00 sits closer to the lower half of this range, suggesting room for recovery but also caution given recent technical shifts.
MACD and Momentum Oscillators: Divergent Signals
The Moving Average Convergence Divergence (MACD) indicator presents a mixed picture. On a weekly basis, the MACD is bearish, indicating downward momentum in the medium term. Conversely, the monthly MACD remains bullish, suggesting that the longer-term trend still favours upward movement. This divergence implies that while short- to medium-term traders might face headwinds, long-term investors could still find value in the stock’s trajectory.
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, hovering in neutral territory. This lack of extreme readings suggests that the stock is neither overbought nor oversold, leaving room for either a rebound or further correction depending on broader market catalysts.
Bollinger Bands and KST Indicator Insights
Bollinger Bands on the weekly chart indicate a mildly bearish stance, with the stock price approaching the lower band, which often acts as a support level. On the monthly chart, however, Bollinger Bands remain bullish, reinforcing the notion of longer-term strength despite short-term pressure.
The Know Sure Thing (KST) indicator aligns with this pattern: bearish on the weekly timeframe but bullish monthly. This oscillation between timeframes highlights the importance of investors aligning their strategies with their investment horizon.
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Moving Averages and Volume-Based Indicators
Daily moving averages have turned mildly bearish, signalling that recent price gains may not be sustained without stronger buying momentum. This is a cautionary sign for short-term traders who rely heavily on moving average crossovers for entry and exit points.
On the volume front, the On-Balance Volume (OBV) indicator is mildly bullish on the weekly chart, suggesting that volume trends are somewhat supportive of price advances in the short term. However, the monthly OBV shows no clear trend, indicating uncertainty in longer-term accumulation or distribution patterns.
Dow Theory and Broader Market Context
According to Dow Theory, the weekly trend remains mildly bullish, while the monthly trend has turned mildly bearish. This again reflects the mixed signals across different timeframes, reinforcing the need for investors to carefully consider their investment horizon and risk tolerance.
Comparing SPCF’s returns with the Sensex reveals a strong outperformance over longer periods despite recent volatility. Over one week and one month, SPCF has delivered returns of 8.39% and 7.47% respectively, while the Sensex declined by 1.14% and 1.20% over the same periods. Year-to-date, however, SPCF is down 8.92%, underperforming the Sensex’s 3.04% decline. Over one year, the stock has gained 10.96%, slightly ahead of the Sensex’s 8.52% rise. The three-, five-, and ten-year returns are particularly impressive, with SPCF delivering 104.27%, 152.20%, and 248.88% respectively, compared to the Sensex’s 36.73%, 60.30%, and 259.46%.
Mojo Score and Analyst Ratings
MarketsMOJO assigns SPCF a Mojo Score of 45.0, reflecting a cautious stance. The Mojo Grade was downgraded from Hold to Sell on 13 February 2026, signalling a deterioration in the stock’s technical and fundamental outlook. The Market Cap Grade stands at 4, indicating a mid-tier market capitalisation relative to peers in the Dyes and Pigments sector.
This downgrade aligns with the mixed technical signals and the recent shift to a mildly bearish trend, suggesting that investors should exercise prudence and closely monitor price action and volume trends before committing fresh capital.
Investment Implications and Sector Context
Shree Pushkar Chemicals & Fertilizers Ltd operates within the Dyes and Pigments industry, a sector that has experienced cyclical volatility influenced by raw material costs, demand fluctuations, and regulatory factors. The current technical indicators suggest that while the stock retains some long-term bullish underpinnings, short- to medium-term momentum is weakening.
Investors with a longer-term horizon may view recent price weakness as an opportunity to accumulate, given the stock’s strong multi-year returns and monthly bullish indicators. Conversely, traders focused on short-term gains should be wary of the mildly bearish daily and weekly signals, which could presage further consolidation or correction.
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Summary and Outlook
In summary, Shree Pushkar Chemicals & Fertilizers Ltd is currently navigating a complex technical landscape. The shift from mildly bullish to mildly bearish trends, combined with mixed signals from MACD, RSI, Bollinger Bands, and moving averages, suggests a period of consolidation or cautious trading ahead.
Long-term investors may find comfort in the monthly bullish indicators and the stock’s strong historical returns, while short-term traders should heed the weekly bearish signals and daily moving average weakness. The recent Mojo Grade downgrade to Sell further emphasises the need for vigilance.
Given the stock’s volatility and sector dynamics, a balanced approach that monitors key technical levels and volume trends is advisable. Investors should also consider broader market conditions and sector-specific developments when making decisions regarding SPCF.
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