Subros Ltd Faces Technical Momentum Shift Amid Mixed Indicator Signals

Price Movement and Market Context

On 21 Jan 2026, Subros Ltd closed at ₹784.95, down 3.70% from the previous close of ₹815.15. The intraday range saw a high of ₹809.15 and a low of ₹778.55, reflecting heightened volatility. The stock remains significantly below its 52-week high of ₹1,212.40 but comfortably above its 52-week low of ₹501.55, indicating a broad trading range over the past year.

Comparatively, Subros has underperformed the Sensex in the short term, with a 1-week return of -5.51% versus Sensex’s -1.73%, and a 1-month return of -9.53% against Sensex’s -3.24%. Year-to-date, the stock has declined 9.14%, while the Sensex fell 3.57%. However, the longer-term performance remains robust, with a 1-year return of 26.20% compared to Sensex’s 6.63%, and an impressive 10-year return of 811.67% versus Sensex’s 241.54%, underscoring the company’s strong growth trajectory over the past decade.

Technical Trend Evolution

Subros’s technical trend has shifted from mildly bullish to sideways, signalling a pause or consolidation phase after recent gains. This change is reflected in several key technical indicators:

• MACD: The Moving Average Convergence Divergence indicator presents a mixed picture. On the weekly chart, MACD is bearish, suggesting downward momentum in the near term. Conversely, the monthly MACD remains bullish, indicating that the longer-term trend still favours upward movement.


• RSI: The Relative Strength Index shows no clear signal on both weekly and monthly timeframes, hovering in a neutral zone. This suggests neither overbought nor oversold conditions, reinforcing the sideways momentum.


• Bollinger Bands: Weekly Bollinger Bands are bearish, with price action likely testing the lower band, signalling increased selling pressure. Monthly bands, however, are mildly bullish, hinting at potential support at higher timeframes.


• Moving Averages: Daily moving averages remain mildly bullish, with short-term averages still above longer-term ones, indicating some underlying strength despite recent weakness.


• KST (Know Sure Thing): Weekly KST is bearish, aligning with the short-term MACD, while monthly KST is bullish, consistent with the longer-term MACD signal.


• Dow Theory: Both weekly and monthly Dow Theory assessments are mildly bearish, reflecting caution among market participants and a lack of clear directional conviction.


• On-Balance Volume (OBV): OBV readings are mildly bearish on both weekly and monthly charts, suggesting that volume trends are not supporting strong price advances currently.

Technical Ratings and Market Sentiment

MarketsMOJO assigns Subros Ltd a Mojo Score of 55.0, with a current Mojo Grade of Hold, downgraded from Buy on 07 Nov 2025. This downgrade reflects the recent technical momentum shift and the mixed signals from key indicators. The Market Cap Grade stands at 3, indicating a mid-tier market capitalisation relative to peers in the Auto Components & Equipments sector.

The downgrade to Hold suggests that while the stock retains some fundamental and technical strengths, investors should exercise caution amid the current sideways trend and short-term bearish signals.

Moving Averages and Momentum Analysis

The daily moving averages for Subros Ltd continue to show a mildly bullish stance, with the 20-day moving average remaining above the 50-day average, albeit with narrowing gaps. This suggests that while short-term momentum has weakened, the underlying trend has not fully reversed. Investors should watch for a potential crossover, which could signal a more definitive shift in trend.

The mixed signals from MACD and KST across weekly and monthly timeframes highlight the stock’s current indecision. The bearish weekly MACD and KST indicate that short-term momentum is waning, while the bullish monthly indicators suggest that the longer-term uptrend remains intact. This divergence often precedes a consolidation phase or a potential correction before the next directional move.

Volume and Price Action Insights

On-Balance Volume (OBV) trends mildly bearish on both weekly and monthly charts, indicating that volume is not confirming price advances. This lack of volume support during recent price declines suggests cautious selling rather than panic exits. The Bollinger Bands’ weekly bearish signal further supports the view of increased volatility and potential downside pressure in the near term.

Dow Theory’s mildly bearish stance on both weekly and monthly charts reinforces the cautious sentiment prevailing in the market. The theory’s emphasis on confirmation between price trends and volume trends aligns with the current technical picture of uncertainty and sideways movement.

Long-Term Performance and Sector Context

Despite recent technical challenges, Subros Ltd’s long-term performance remains impressive. Over the past 10 years, the stock has delivered a staggering 811.67% return, significantly outperforming the Sensex’s 241.54% gain. This outperformance underscores the company’s strong fundamentals and growth prospects within the Auto Components & Equipments sector.

However, the recent underperformance relative to the Sensex in the short term, with a 1-month return of -9.53% versus -3.24% for the benchmark, highlights the need for investors to monitor technical signals closely before committing additional capital.

Investor Takeaway and Outlook

Subros Ltd’s current technical profile suggests a period of consolidation and sideways movement following a strong multi-year uptrend. The mixed signals from MACD, RSI, moving averages, and volume indicators imply that investors should adopt a cautious stance in the near term. While the monthly bullish indicators provide some reassurance of underlying strength, the weekly bearish signals and recent price declines warrant close monitoring.

Investors with a medium to long-term horizon may consider maintaining positions, given the company’s solid fundamentals and sector leadership. However, those with shorter-term trading strategies should be wary of potential volatility and look for confirmation of trend direction before initiating new positions.

Overall, the downgrade from Buy to Hold by MarketsMOJO reflects this balanced view, signalling neither a strong buy opportunity nor a sell signal at present. The stock’s performance relative to the Sensex and its technical indicators will be critical to watch in the coming weeks as market conditions evolve.

Summary of Key Technical Metrics:

• Current Price: ₹784.95


• 52-Week Range: ₹501.55 - ₹1,212.40


• Mojo Score: 55.0 (Hold)


• MACD: Weekly Bearish, Monthly Bullish


• RSI: Neutral (No Signal)


• Bollinger Bands: Weekly Bearish, Monthly Mildly Bullish


• Moving Averages: Daily Mildly Bullish


• KST: Weekly Bearish, Monthly Bullish


• Dow Theory: Mildly Bearish (Weekly & Monthly)


• OBV: Mildly Bearish (Weekly & Monthly)

Investors should weigh these technical factors alongside fundamental analysis and sector trends to make informed decisions regarding Subros Ltd.

Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →