Shree Pushkar Chemicals & Fertilizers Ltd Technical Momentum Shifts Amid Mixed Market Signals

Technical Trend and Momentum Overview

The stock’s technical trend has transitioned from outright bearish to mildly bearish, signalling a tentative stabilisation but no clear reversal. The Moving Average Convergence Divergence (MACD) indicator remains bearish on the weekly timeframe, while the monthly MACD shows a mildly bearish stance. This divergence suggests that short-term momentum is still under pressure, although longer-term momentum may be attempting to find footing.

The Relative Strength Index (RSI), a momentum oscillator, currently shows no definitive signal on both weekly and monthly charts, indicating neither overbought nor oversold conditions. This neutral RSI reading implies that the stock is consolidating rather than trending strongly in either direction.

Bollinger Bands on the weekly chart remain bearish, with price action hugging the lower band, suggesting continued downward pressure or volatility. Conversely, the monthly Bollinger Bands indicate a sideways movement, reflecting a lack of strong directional conviction over the longer term.

Moving Averages and Other Indicators

Daily moving averages are firmly bearish, reinforcing the short-term downtrend. The KST (Know Sure Thing) indicator presents a mixed picture: bearish on the weekly scale but bullish monthly, highlighting a potential divergence between short-term weakness and longer-term strength.

Dow Theory assessments align with this mixed view, showing mildly bearish trends on both weekly and monthly timeframes. However, the On-Balance Volume (OBV) indicator offers a glimmer of optimism, with mildly bullish readings weekly and bullish monthly, suggesting that accumulation may be occurring despite price weakness.

Price and Volume Dynamics

On 26 Feb 2026, Shree Pushkar Chemicals & Fertilizers Ltd closed at ₹315.00, up from the previous close of ₹307.10. The day’s trading range was relatively narrow, with a low of ₹307.75 and a high matching the close at ₹315.00. This modest intraday gain contrasts with the broader technical caution signalled by the indicators.

The stock’s 52-week high stands at ₹476.60, while the 52-week low is ₹221.10, placing the current price closer to the lower end of its annual range. This positioning underscores the stock’s recent struggles and the challenge in regaining upward momentum.

Comparative Performance Against Sensex

Examining Shree Pushkar Chemicals & Fertilizers Ltd’s returns relative to the Sensex reveals a mixed performance over various time horizons. Over the past week, the stock declined by 10.18%, significantly underperforming the Sensex’s modest 1.74% loss. The one-month return also lagged, with the stock down 7.37% versus the Sensex’s 0.91% gain.

Year-to-date, the stock has fallen 20.08%, while the Sensex has declined by only 3.46%. Over the one-year period, the stock’s return was negative at -3.98%, contrasting with the Sensex’s robust 10.29% gain. These figures highlight the stock’s recent underperformance amid broader market resilience.

However, the longer-term outlook is more favourable. Over three years, Shree Pushkar Chemicals & Fertilizers Ltd has delivered a 79.08% return, more than double the Sensex’s 38.36%. The five-year return is even more impressive at 115.46%, nearly twice the Sensex’s 61.20%. Over a decade, the stock has returned 204.64%, slightly below the Sensex’s 258.10%, but still a strong performance for a micro-cap in the Dyes and Pigments sector.

Mojo Score and Grade Update

The company’s Mojo Score currently stands at 45.0, reflecting a cautious outlook. The Mojo Grade was downgraded from Hold to Sell on 13 Feb 2026, signalling increased risk and a less favourable technical and fundamental profile. The Market Cap Grade is 4, indicating a relatively small market capitalisation, which can contribute to higher volatility and liquidity concerns.

Investment Implications and Outlook

Investors should approach Shree Pushkar Chemicals & Fertilizers Ltd with caution given the prevailing bearish technical signals and recent underperformance relative to the broader market. The mixed readings from momentum indicators such as MACD and KST suggest that while short-term pressures persist, there may be nascent signs of longer-term strength. The bullish OBV readings hint at some accumulation, which could provide a foundation for a future recovery if confirmed by price action.

However, the daily moving averages and weekly Bollinger Bands remain bearish, underscoring the need for confirmation before considering a bullish stance. The neutral RSI readings imply that the stock is not currently overextended, but also lacks strong directional momentum.

Sector and Industry Context

Operating within the Dyes and Pigments sector, Shree Pushkar Chemicals & Fertilizers Ltd faces sector-specific challenges including raw material price volatility, regulatory pressures, and fluctuating demand from downstream industries such as textiles and coatings. The sector’s cyclicality often results in pronounced price swings, which are reflected in the stock’s technical indicators.

Given the company’s current technical profile and market cap grade, investors may prefer to monitor the stock for clearer signs of trend reversal or improved momentum before committing fresh capital. The stock’s proximity to its 52-week low and the bearish daily moving averages suggest that downside risks remain significant in the near term.

Conclusion

Shree Pushkar Chemicals & Fertilizers Ltd is currently navigating a complex technical landscape marked by bearish momentum in the short term and tentative bullish signals over the longer term. The downgrade to a Sell grade by MarketsMOJO reflects these mixed signals and the stock’s recent underperformance relative to the Sensex. While accumulation signals from volume-based indicators offer some hope, the prevailing technical environment advises caution.

Investors should weigh these factors carefully, considering both the company’s long-term growth potential and the immediate technical headwinds. Monitoring key indicators such as MACD, moving averages, and OBV in the coming weeks will be critical to assessing whether the stock can regain upward momentum or if further declines are likely.

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