Surya Roshni Technical Momentum Shifts Amid Bearish Indicators

The weekly MACD indicator for Surya Roshni currently shows a bearish stance, while the monthly MACD remains mildly bearish, suggesting a sustained pressure on price momentum over both short and medium terms. The Relative Strength Index (RSI) does not present a definitive signal on either weekly or monthly charts, indicating a neutral momentum in terms of overbought or oversold conditions. Meanwhile, Bollinger Bands on both weekly and monthly timeframes align with a bearish trend, highlighting increased volatility and potential downward pressure on price levels.

Daily moving averages for Surya Roshni also reflect a bearish trend, reinforcing the technical evaluation adjustment observed recently. The KST (Know Sure Thing) indicator on a weekly basis is bearish, while the monthly KST remains mildly bearish, further supporting the momentum shift. Dow Theory analysis on both weekly and monthly charts indicates a mildly bearish outlook, consistent with the broader technical signals. On-balance volume (OBV) shows a mildly bearish trend weekly but no clear trend monthly, suggesting mixed volume dynamics.

From a price perspective, Surya Roshni’s current price of ₹269.50 is positioned closer to its 52-week low of ₹205.30 than its 52-week high of ₹358.30, reflecting a significant range of price movement over the past year. The stock’s intraday high and low on 19 Nov 2025 were ₹275.35 and ₹267.80 respectively, indicating some volatility within the trading session.

Comparing Surya Roshni’s returns with the Sensex benchmark reveals a divergence in performance. Over the past week, the stock recorded a return of -10.24%, contrasting with the Sensex’s positive 0.96%. Similarly, the one-month return for Surya Roshni was -2.76%, while the Sensex gained 0.86%. Year-to-date figures show Surya Roshni at -9.27% against the Sensex’s 8.36%. Over one year, the stock’s return was -2.75%, whereas the Sensex posted 9.48%. However, longer-term returns over three, five, and ten years show Surya Roshni outperforming the Sensex with returns of 128.56%, 308.33%, and 740.22% respectively, compared to the Sensex’s 37.31%, 91.65%, and 232.28% over the same periods.

Surya Roshni’s market capitalisation grade stands at 3, reflecting its position within the Iron & Steel Products sector. The recent adjustment in its Mojo Score to 35.0, accompanied by a change in its evaluation from Hold to Sell on 17 Nov 2025, underscores the technical parameter changes influencing investor sentiment. These shifts are primarily driven by the technical_dot trigger dated 19 Nov 2025, signalling a reassessment of the stock’s momentum and trend dynamics.

Investors analysing Surya Roshni should consider the confluence of bearish technical indicators alongside the stock’s historical performance relative to the broader market. While short-term momentum appears subdued, the stock’s long-term returns have outpaced the Sensex, suggesting potential value for investors with a longer horizon. The absence of strong RSI signals indicates that the stock is not currently in an extreme condition, which may warrant close monitoring for any emerging technical developments.

In summary, Surya Roshni’s technical landscape is characterised by a shift towards bearish momentum across multiple indicators, including MACD, Bollinger Bands, and moving averages. This technical adjustment aligns with recent evaluation changes and reflects a cautious stance in the current market environment. Investors should weigh these technical signals alongside fundamental factors and sector trends when considering their positions in Surya Roshni.

Limited Time Only! Subscribe for Rs. 12,999 and get 1 Year of MojoOne + an Additional Year Completely FREE. Don't miss out on this exclusive offer. Claim Your Free Year →