Technical Trend Evolution and Price Action
As of 12 Feb 2026, UltraTech Cement Ltd’s share price closed at ₹12,945.10, down marginally by 0.53% from the previous close of ₹13,013.45. Intraday volatility saw the stock touch a high of ₹13,098.70 and a low of ₹12,905.05. Notably, the current price remains above the 52-week high of ₹13,104.00, signalling resilience in the face of short-term profit-taking.
The technical trend has upgraded from mildly bullish to bullish, reflecting improved investor sentiment and momentum. This is supported by the daily moving averages which are firmly bullish, indicating that the short-term price action is aligned with a positive trajectory. The stock’s 52-week low stands at ₹10,053.00, highlighting a substantial appreciation over the past year.
MACD and Momentum Oscillators
The Moving Average Convergence Divergence (MACD) indicator presents a mixed but overall positive picture. On the weekly timeframe, MACD is bullish, signalling upward momentum and potential continuation of the rally. However, the monthly MACD remains mildly bearish, suggesting some caution for longer-term investors as the broader trend may still be consolidating.
Relative Strength Index (RSI) readings on both weekly and monthly charts currently show no definitive signal, hovering in neutral zones. This implies that the stock is neither overbought nor oversold, providing room for further upward movement without immediate risk of a sharp correction.
Bollinger Bands and Volatility Insights
Bollinger Bands on both weekly and monthly charts are bullish, indicating that price volatility is expanding in favour of the upside. The stock price is trading near the upper band on the weekly chart, which often precedes continued strength in price action. This expansion in volatility coupled with bullish bands suggests that UltraTech Cement is poised for further gains, provided broader market conditions remain supportive.
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Moving Averages and KST Indicator
Daily moving averages reinforce the bullish stance, with the stock price comfortably above key averages such as the 50-day and 200-day moving averages. This alignment is a classic technical confirmation of an ongoing uptrend, often attracting momentum traders and institutional interest.
The Know Sure Thing (KST) indicator, a momentum oscillator, is bullish on the weekly chart but mildly bearish on the monthly chart. This divergence suggests that while short-term momentum is strong, longer-term investors should monitor for potential trend shifts. The weekly bullish KST supports the recent upgrade in technical trend, signalling that momentum is accelerating in the near term.
Volume and Dow Theory Confirmation
On-Balance Volume (OBV) does not currently show a clear trend on either weekly or monthly charts, indicating that volume has not decisively confirmed the price moves. This neutral volume pattern suggests that while price momentum is positive, it is not yet fully supported by strong buying volume, a factor to watch in coming sessions.
Dow Theory analysis aligns with the bullish weekly and monthly trends, reinforcing the technical upgrade. This theory’s confirmation of higher highs and higher lows on multiple timeframes adds confidence to the bullish outlook for UltraTech Cement.
Comparative Returns and Market Context
UltraTech Cement Ltd has outperformed the Sensex across multiple time horizons, underscoring its strong market position and investor appeal. Over the past week, the stock returned 1.11% compared to the Sensex’s 0.50%. The one-month return is particularly impressive at 8.31%, dwarfing the Sensex’s 0.79% gain.
Year-to-date, UltraTech Cement has surged 9.84%, while the Sensex has declined by 1.16%, highlighting the stock’s relative strength amid broader market weakness. Over the last year, the stock’s return of 14.45% also surpasses the Sensex’s 10.41%. Longer-term returns are even more compelling, with a three-year gain of 79.90% versus the Sensex’s 38.81%, a five-year return of 101.23% against 63.46%, and a remarkable ten-year return of 378.07% compared to the Sensex’s 267.00%.
Valuation and Market Capitalisation Grade
UltraTech Cement holds a Market Cap Grade of 1, indicating a large-cap status with strong liquidity and institutional interest. The company’s Mojo Score stands at 71.0, reflecting a robust buy rating, upgraded from a previous hold on 11 Feb 2026. This upgrade is consistent with the technical momentum shift and improved market sentiment.
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Outlook and Investor Considerations
Investors should note that the technical indicators collectively point towards a strengthening bullish momentum for UltraTech Cement Ltd. The daily moving averages and weekly MACD provide near-term confirmation of upward price movement, while Bollinger Bands suggest expanding volatility in favour of gains.
However, the mildly bearish monthly MACD and KST indicators counsel some prudence for long-term holders, as these may signal potential consolidation or correction phases ahead. The neutral RSI and OBV readings further imply that the current rally is not yet overextended, but volume confirmation remains a key factor to monitor.
Given the stock’s consistent outperformance relative to the Sensex and its recent upgrade to a buy rating with a Mojo Score of 71.0, UltraTech Cement Ltd remains an attractive proposition for investors seeking exposure to the cement sector’s growth potential. The company’s strong market capitalisation and technical momentum provide a solid foundation for further appreciation, especially if broader market conditions remain favourable.
Summary
UltraTech Cement Ltd’s technical parameters have shifted decisively towards a bullish outlook, supported by positive signals from MACD, moving averages, and Bollinger Bands. While some monthly indicators suggest caution, the overall momentum is strengthening, reflected in the recent upgrade from hold to buy. The stock’s superior returns compared to the Sensex across all timeframes further bolster its investment appeal. Investors should watch volume trends and monthly momentum indicators closely to time entries and exits effectively.
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