Technical Trend Shift and Price Movement
The stock closed at ₹2,072.00 on 14 Jan 2026, down 2.26% from the previous close of ₹2,120.00. Intraday volatility was significant, with a low of ₹2,044.00 and a high of ₹2,139.60. This price action continues to reflect pressure as the stock remains well below its 52-week high of ₹3,624.00, underscoring a prolonged downtrend. The 52-week low stands at ₹2,044.00, indicating the current price is hovering near its annual trough.
Technically, the trend has shifted from mildly bearish to outright bearish, signalling increased downside risk. The daily moving averages confirm this negative momentum, with the stock trading below key averages, reinforcing the bearish outlook.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator presents a mixed but predominantly negative picture. On a weekly basis, the MACD is bearish, indicating that the short-term momentum is weaker than the longer-term trend. The monthly MACD remains mildly bearish, suggesting that while the longer-term trend is still negative, the intensity of the downtrend is less severe than on the weekly scale.
This divergence between weekly and monthly MACD readings often signals potential volatility ahead, but the prevailing bias remains to the downside for now.
RSI and Overbought/Oversold Conditions
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, hovering in a neutral zone. This lack of extreme readings suggests the stock is neither overbought nor oversold, leaving room for further directional movement based on other technical factors.
Bollinger Bands and Price Volatility
Bollinger Bands on weekly and monthly timeframes are both bearish, indicating that the stock price is trending towards the lower band. This typically reflects increased selling pressure and heightened volatility, which can often precede further declines or a consolidation phase.
KST and Dow Theory Signals
The Know Sure Thing (KST) indicator shows a mildly bullish signal on the weekly chart, hinting at some short-term positive momentum. However, this is contradicted by a mildly bearish monthly KST, which aligns with the broader negative trend. Similarly, Dow Theory assessments on both weekly and monthly scales remain mildly bearish, reinforcing the overall cautious stance on the stock’s medium-term prospects.
On-Balance Volume and Market Sentiment
On-Balance Volume (OBV) readings provide a nuanced view. Weekly OBV is mildly bearish, suggesting that volume trends are not strongly supporting price gains. Conversely, the monthly OBV is bullish, indicating that longer-term accumulation may be occurring despite recent price weakness. This divergence could imply that institutional investors are selectively accumulating shares, even as retail sentiment remains subdued.
Comparative Performance Versus Sensex
When compared to the benchmark Sensex, The Anup Engineering Ltd has underperformed significantly over recent periods. The stock’s one-week return was -7.69% versus Sensex’s -1.69%, while the one-month return was -6.65% compared to Sensex’s -1.92%. Year-to-date, the stock declined by 7.59%, markedly worse than the Sensex’s 1.87% loss.
Over the one-year horizon, the stock’s return was a steep -28.65%, contrasting sharply with the Sensex’s positive 9.56% gain. However, over longer periods, the stock has delivered exceptional returns, with a three-year gain of 336.05% and a five-year gain of 471.82%, far outpacing the Sensex’s 38.78% and 68.97% respectively. This highlights the stock’s strong historical growth but also emphasises the recent correction and technical challenges.
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Mojo Score and Grade Downgrade
The Anup Engineering Ltd’s Mojo Score currently stands at 43.0, reflecting a weak technical and fundamental outlook. This score has contributed to the recent downgrade of the Mojo Grade from Hold to Sell on 18 Nov 2025. The downgrade signals a deterioration in the company’s overall quality and market positioning as assessed by MarketsMOJO’s proprietary methodology.
The Market Cap Grade remains low at 3, indicating limited market capitalisation strength relative to peers. This combination of technical weakness and modest market cap grade suggests investors should exercise caution.
Moving Averages and Daily Technicals
Daily moving averages are firmly bearish, with the stock price trading below its short-term and medium-term averages. This confirms the downward momentum and suggests resistance at higher levels. The inability to reclaim these averages could limit any near-term recovery attempts.
Sector and Industry Context
Operating within the industrial manufacturing sector, The Anup Engineering Ltd faces sectoral headwinds amid global supply chain disruptions and fluctuating demand. While the company has historically outperformed over multi-year horizons, recent technical signals indicate that the stock is vulnerable to further downside pressure in the current market environment.
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Outlook and Investor Considerations
Given the current technical landscape, investors should approach The Anup Engineering Ltd with caution. The bearish momentum across multiple indicators, including MACD, Bollinger Bands, and moving averages, suggests that the stock may continue to face downward pressure in the near term.
However, the divergence in OBV and the mildly bullish weekly KST hint at potential pockets of accumulation, which could provide a base for a future rebound if broader market conditions improve. The neutral RSI readings also imply that the stock is not yet oversold, leaving room for further downside before a technical recovery might be triggered.
Long-term investors may find value in the company’s strong historical returns, but short- to medium-term traders should monitor key support levels near ₹2,044.00 and watch for any shifts in volume or momentum indicators that could signal a change in trend.
Overall, the downgrade to a Sell rating by MarketsMOJO reflects the current technical and fundamental challenges facing the stock, underscoring the need for careful risk management and consideration of alternative investment opportunities within the industrial manufacturing sector.
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