Star Cement Ltd. Technical Momentum Shifts Amid Mixed Market Signals

Current Price Action and Market Context

As of 24 Feb 2026, Star Cement Ltd. closed at ₹220.00, up from the previous close of ₹213.20. The stock traded within a range of ₹217.00 to ₹224.70 during the day, showing intraday strength. However, it remains significantly below its 52-week high of ₹308.10, indicating room for recovery but also highlighting recent volatility. The 52-week low stands at ₹196.70, placing the current price closer to the lower end of its annual trading band.

Comparing returns with the broader Sensex index reveals mixed performance. Over the past week, Star Cement outperformed the Sensex with a 2.3% gain versus the index’s 0.02%. Similarly, over one month, the stock returned 3.9%, surpassing the Sensex’s 2.15%. Year-to-date, both the stock and Sensex are down marginally by approximately 2.3%. Over longer horizons, Star Cement has delivered robust returns, with a three-year gain of 100.36% compared to Sensex’s 39.74%, and a five-year return of 121.55% versus Sensex’s 67.42%. This long-term outperformance underscores the company’s growth potential despite recent technical headwinds.

Technical Indicator Analysis

The technical landscape for Star Cement is complex, with several key indicators signalling a cautious stance. The overall technical trend has shifted from bearish to mildly bearish, reflecting a slight improvement but still indicating downward pressure.

The Moving Average Convergence Divergence (MACD) indicator remains bearish on a weekly basis, signalling that momentum is still tilted towards sellers in the short term. On a monthly scale, the MACD is mildly bearish, suggesting some easing of selling pressure but no definitive bullish reversal yet.

The Relative Strength Index (RSI), a momentum oscillator, shows no clear signal on both weekly and monthly charts. This neutrality implies that the stock is neither overbought nor oversold, leaving room for either upward or downward moves depending on market catalysts.

Bollinger Bands, which measure volatility and price levels relative to moving averages, are mildly bearish on both weekly and monthly timeframes. This suggests that the stock price is trending towards the lower band, indicating potential weakness but also possible support zones.

Daily moving averages also reflect a mildly bearish stance, with the stock price hovering near or slightly below key averages. This alignment often signals a consolidation phase or a tentative downtrend.

Additional Technical Signals and Volume Trends

The Know Sure Thing (KST) indicator presents a mixed picture: mildly bullish on the weekly chart but mildly bearish on the monthly chart. This divergence suggests short-term optimism that may be tempered by longer-term caution. The Dow Theory analysis aligns with this, showing mildly bearish trends on both weekly and monthly timeframes, reinforcing the notion of a tentative downtrend.

On-Balance Volume (OBV), which tracks volume flow to confirm price trends, shows no discernible trend on either weekly or monthly charts. This lack of volume confirmation may indicate that recent price movements are not strongly supported by trading activity, adding to the uncertainty.

Overall, the technical indicators suggest that while Star Cement is showing signs of stabilising from a more pronounced bearish phase, the momentum remains fragile. Investors should be wary of potential volatility and monitor key support and resistance levels closely.

Mojo Score and Market Capitalisation Insights

Star Cement currently holds a Mojo Score of 42.0, categorised as a Sell rating, a downgrade from its previous Hold grade as of 2 Dec 2025. This shift reflects the deteriorating technical and fundamental outlook as assessed by MarketsMOJO’s comprehensive scoring system. The company’s market capitalisation grade stands at 3, indicating a mid-tier valuation relative to its peers in the Cement & Cement Products sector.

The downgrade in Mojo Grade underscores the need for investors to exercise caution, especially given the mixed technical signals and the stock’s proximity to its 52-week lows. While the sector remains competitive and cyclical, Star Cement’s current technical profile suggests limited near-term upside without a clear catalyst.

Investor Takeaways and Outlook

For investors tracking Star Cement Ltd., the current technical environment suggests a cautious approach. The stock’s recent 3.19% intraday gain is encouraging but must be weighed against the broader mildly bearish technical backdrop. The absence of strong RSI signals and the neutral OBV trend imply that momentum is not yet decisively in favour of buyers.

Long-term investors may find comfort in the company’s impressive multi-year returns, notably the 100.36% gain over three years and 121.55% over five years, both outperforming the Sensex by wide margins. However, the recent downgrade in Mojo Grade to Sell and the mixed technical signals highlight the importance of monitoring price action closely and considering risk management strategies.

Traders might look for confirmation of trend reversals through improved MACD readings or a sustained break above daily moving averages. Conversely, a failure to hold current support levels near ₹217 could signal further downside risk. Sector dynamics and broader market conditions will also play a crucial role in shaping Star Cement’s near-term trajectory.

In summary, while Star Cement Ltd. shows signs of stabilising from a bearish phase, the technical indicators collectively advise prudence. Investors should remain vigilant for clearer momentum signals before committing to significant positions.

Only Rs. 9,999 - Get MojoOne for 1 Year + 3 Months FREE (60% Off) Start Today