Key Events This Week
27 Jan: Stock opens week at Rs.70.51, down 1.51% amid broader market gains
28 Jan: Intraday high of Rs.76.45 with an 8.34% surge, outperforming sector and Sensex
29 Jan: Continued gains with a 3.62% rise to Rs.78.43 on strong volume
30 Jan: Technical momentum shifts bullish, closing at Rs.77.04 despite a slight dip
27 January 2026: Week Opens on a Soft Note
SMC Global Securities Ltd began the week at Rs.70.51, marking a decline of 1.51% from the previous close. This drop contrasted with the Sensex’s 0.50% gain to 35,786.84, reflecting a cautious start for the stock amid a broadly positive market. Trading volume was moderate at 22,064 shares, indicating subdued investor activity. The stock’s underperformance on this day set the stage for a notable rebound in the following sessions.
28 January 2026: Intraday Surge Spurs Strong Recovery
On 28 January, SMC Global Securities Ltd staged a remarkable recovery, surging 8.34% to close at Rs.75.69. The stock reached an intraday high of Rs.76.45, representing an 8.42% increase from the prior day’s close. This rally outpaced the Sensex’s 1.12% gain and the Capital Markets sector by 6.51%, signalling renewed investor confidence. Volume increased to 33,929 shares, supporting the price action.
Technical analysis showed the stock trading above its 5-day, 100-day, and 200-day moving averages, indicating solid short- and long-term support. However, resistance remained near the 20-day and 50-day averages, suggesting some medium-term hurdles. The stock’s Mojo Score stood at 50.0 with a 'Hold' rating, upgraded from 'Sell' in December 2025, reflecting improved market sentiment.
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29 January 2026: Continued Uptrend on Strong Volume
The positive momentum extended into 29 January, with the stock climbing 3.62% to Rs.78.43 on a robust volume of 62,124 shares. This gain further outperformed the Sensex’s modest 0.22% rise to 36,266.59. The stock’s intraday trading range reflected sustained buying interest, consolidating the previous day’s gains and signalling strength in the capital markets sector.
30 January 2026: Technical Momentum Shifts Signal Bullish Outlook
On the final trading day of the week, SMC Global Securities Ltd closed at Rs.77.04, down 1.77% from the previous close but maintaining a strong weekly gain. The stock traded between Rs.77.32 and Rs.81.84, showing heightened volatility and active investor participation. Technical indicators revealed a shift from mildly bullish to a more confident bullish trend, supported by bullish MACD readings on weekly and monthly charts and moving averages crossing key thresholds.
The Relative Strength Index (RSI) remained neutral, suggesting room for further appreciation without immediate overbought risk. Bollinger Bands on weekly and monthly charts indicated potential breakouts, while the Know Sure Thing (KST) oscillator presented mixed signals, bullish weekly but mildly bearish monthly, advising some caution. On-Balance Volume (OBV) was mildly bearish weekly, indicating volume support was not yet decisively strong.
SMC Global Securities’ Mojo Score improved to 57.0 with a 'Hold' grade, reflecting enhanced technical strength. The stock’s long-term performance remains impressive, with a 105.55% gain over three years, far outpacing the Sensex’s 39.16% growth.
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Daily Price Performance vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-27 | Rs.70.51 | -1.51% | 35,786.84 | +0.50% |
| 2026-01-28 | Rs.75.69 | +7.35% | 36,188.16 | +1.12% |
| 2026-01-29 | Rs.78.43 | +3.62% | 36,266.59 | +0.22% |
| 2026-01-30 | Rs.77.04 | -1.77% | 36,185.03 | -0.22% |
Key Takeaways
Positive Signals: The stock’s 7.61% weekly gain significantly outpaced the Sensex’s 1.62%, driven by a strong intraday surge on 28 January and a bullish technical momentum shift by week’s end. The upgrade in Mojo Score to 57.0 and the 'Hold' rating reflect improved market confidence. Technical indicators such as MACD and moving averages support a constructive outlook, while the neutral RSI suggests further upside potential without immediate overbought risk.
Cautionary Notes: Despite the bullish momentum, some indicators like the KST oscillator and On-Balance Volume present mixed or mildly bearish signals, advising prudence. The slight dip on 30 January amid volatility highlights the importance of monitoring volume trends and broader market sentiment. The stock remains below its 52-week high, indicating room for recovery but also potential resistance ahead.
Conclusion
SMC Global Securities Ltd demonstrated a resilient and robust performance during the week ending 30 January 2026, with a 7.61% gain that outperformed the broader market. The week’s rally was anchored by a significant intraday surge and a technical momentum shift signalling a bullish outlook. While some caution is warranted due to mixed volume and momentum indicators, the overall technical framework and improved Mojo rating suggest the stock is in a recovery phase with potential for further gains. Investors and market watchers should continue to observe volume patterns and technical signals to gauge sustainability of this positive trend.
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