The weekly MACD indicator for Sportking India signals bearish momentum, while the monthly MACD suggests a mildly bearish stance. RSI readings on both weekly and monthly charts show no definitive signal, indicating a neutral momentum in relative strength. Bollinger Bands align with the MACD, showing bearish tendencies weekly and mildly bearish monthly. Daily moving averages, however, present a mildly bullish signal, suggesting some short-term positive price action despite the broader caution.
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Additional technical indicators such as the KST (Know Sure Thing) reflect bearish momentum on a weekly basis and mildly bearish on a monthly scale. Dow Theory and On-Balance Volume (OBV) indicators do not currently show a clear trend, suggesting indecision among market participants. The 52-week price range for Sportking India spans from ₹69.97 to ₹139.50, with the stock currently trading closer to the lower end of this spectrum, highlighting a period of consolidation and volatility.
When analysing returns, Sportking India’s performance over various periods presents a mixed picture compared to the Sensex benchmark. Over the past week, the stock recorded a return of -3.34%, contrasting with the Sensex’s 0.96%. However, over one month, the stock posted a 4.12% return, outpacing the Sensex’s 0.86%. Year-to-date figures show a negative return of -4.27% for Sportking India, while the Sensex gained 8.36%. Over one year, the stock’s return of 9.98% slightly exceeds the Sensex’s 9.48%. Longer-term returns over three and five years show Sportking India outperforming the Sensex, with 47.93% versus 37.31% and a notable 1154.32% versus 91.65%, respectively.
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Sportking India’s market capitalisation grade stands at 4, reflecting its position within the Garments & Apparels sector. The recent adjustment in its technical evaluation, effective from 19 Nov 2025, follows a revision in its Mojo Grade from Hold to Sell on 17 Nov 2025, signalling a change in the technical parameter assessment. This shift underscores the importance of monitoring momentum indicators closely, as the stock navigates a complex technical landscape marked by short-term bullish signals amid broader bearish tendencies.
Investors analysing Sportking India should consider the interplay of these technical indicators alongside broader market conditions and sectoral trends. The absence of clear signals from RSI and Dow Theory suggests a cautious approach, while the mixed signals from MACD, Bollinger Bands, and moving averages highlight the nuanced price momentum. The stock’s performance relative to the Sensex over various timeframes further emphasises the need for a balanced view, recognising both periods of outperformance and recent short-term weakness.
In summary, Sportking India’s technical parameters indicate a shift in momentum that warrants close observation. The mildly bearish weekly and monthly MACD and Bollinger Bands contrast with mildly bullish daily moving averages, creating a complex technical picture. Market participants should weigh these signals carefully, considering the stock’s historical returns and current price action within the Garments & Apparels sector context.
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