Price Movement and Market Context
The stock closed at ₹284.20 on 30 Dec 2025, down marginally by 0.28% from the previous close of ₹285.00. Intraday volatility was notable, with a high of ₹312.00 and a low of ₹275.00, reflecting investor uncertainty amid broader market fluctuations. The 52-week price range remains wide, with a low of ₹181.00 and a high of ₹333.80, underscoring significant price appreciation over the past year.
Comparatively, Shri Venkatesh Refineries has outperformed the Sensex substantially over multiple time horizons. Year-to-date returns stand at 24.1%, markedly higher than the Sensex’s 8.39%. Over one year, the stock delivered a 25.59% gain versus the Sensex’s 7.62%, and over three years, it surged 191.49%, dwarfing the benchmark’s 38.54% rise. This outperformance highlights the company’s strong growth trajectory within the edible oil sector despite recent technical shifts.
Technical Trend Analysis
The technical trend for Shri Venkatesh Refineries has softened from a previously bullish stance to a mildly bullish one. This subtle change suggests a deceleration in upward momentum, warranting close monitoring by traders and investors. The daily moving averages remain bullish, indicating that short-term price action is still supported by positive momentum. However, weekly and monthly indicators present a more mixed picture.
The Moving Average Convergence Divergence (MACD) indicator reveals a divergence in timeframe signals: weekly MACD is mildly bearish, signalling potential short-term weakness, while the monthly MACD remains bullish, suggesting that the longer-term trend retains strength. This divergence often precedes consolidation phases or minor corrections before a potential resumption of the uptrend.
Momentum Oscillators and Volatility Indicators
The Relative Strength Index (RSI) offers further insight into momentum dynamics. On a weekly basis, the RSI is neutral, providing no clear directional signal. Conversely, the monthly RSI is bearish, indicating that the stock may be entering an overbought correction phase or facing selling pressure at higher levels. This bearish monthly RSI contrasts with the bullish monthly MACD, highlighting the complexity of the current momentum environment.
Bollinger Bands, which measure volatility and price deviation, are mildly bullish on both weekly and monthly charts. This suggests that while price fluctuations have increased, the stock is still trading within an upward trending volatility band, supporting the mildly bullish technical stance.
Additional Technical Indicators
The Know Sure Thing (KST) indicator, which aggregates multiple rate-of-change measures, aligns with the MACD signals. It is mildly bearish on the weekly timeframe but bullish monthly, reinforcing the notion of short-term caution amid longer-term optimism. The Dow Theory, a classical trend analysis method, shows no definitive trend on either weekly or monthly charts, indicating a period of indecision or consolidation.
On-Balance Volume (OBV) data is currently unavailable, limiting volume-based confirmation of price moves. However, the existing technical signals collectively suggest that while the stock’s momentum has softened, it has not yet reversed decisively.
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Mojo Score and Rating Upgrade
MarketsMOJO has upgraded Shri Venkatesh Refineries Ltd’s Mojo Grade from Sell to Hold as of 24 June 2025, reflecting improved technical and fundamental outlooks. The current Mojo Score stands at 51.0, indicating a neutral stance with potential for upside if momentum indicators strengthen. The Market Cap Grade is 4, suggesting moderate market capitalisation relative to peers in the edible oil sector.
This upgrade aligns with the stock’s strong relative performance against the Sensex and its ability to sustain gains despite recent technical softness. Investors should note that the Hold rating implies a cautious approach, recommending monitoring for clearer trend confirmation before committing additional capital.
Sector and Industry Context
Operating within the edible oil industry, Shri Venkatesh Refineries benefits from steady demand fundamentals and favourable commodity price trends. The sector has seen increased volatility due to fluctuating raw material costs and regulatory changes, which have impacted price momentum across several stocks. Shri Venkatesh’s ability to maintain a mildly bullish trend amid these headwinds is noteworthy and may signal resilience relative to sector peers.
However, the mixed technical signals underscore the importance of vigilance. Investors should consider broader macroeconomic factors, including inflationary pressures and supply chain dynamics, which could influence edible oil prices and, by extension, the company’s stock performance.
Investment Implications and Outlook
For investors, the current technical landscape suggests a period of consolidation or mild correction may be underway. The mildly bearish weekly MACD and bearish monthly RSI caution against aggressive buying at current levels. Nonetheless, the bullish monthly MACD and KST indicators provide a counterbalance, indicating that the longer-term uptrend remains intact.
Short-term traders might consider tighter stop-loss levels to manage downside risk, while long-term investors could view any dips as potential accumulation opportunities, provided the stock maintains support above key moving averages. The absence of a clear Dow Theory trend signals that confirmation of a sustained directional move is pending.
Overall, Shri Venkatesh Refineries Ltd’s technical profile is characterised by a delicate balance between bullish and bearish forces. This equilibrium warrants a measured approach, combining technical analysis with fundamental insights to navigate the evolving market conditions effectively.
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Summary
Shri Venkatesh Refineries Ltd’s recent technical parameter changes reflect a nuanced shift in momentum, with short-term indicators showing mild bearishness while longer-term signals remain bullish. The stock’s strong relative returns against the Sensex and its upgraded Mojo Grade to Hold highlight its underlying strength despite recent volatility. Investors should adopt a balanced strategy, weighing technical signals alongside fundamental factors and sector dynamics to make informed decisions.
As the edible oil sector continues to navigate price and supply challenges, Shri Venkatesh’s ability to maintain a mildly bullish trend positions it as a stock to watch, albeit with caution given the mixed technical signals. Continued monitoring of MACD, RSI, moving averages, and volatility indicators will be essential to gauge the stock’s next directional move.
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