Price Movement and Market Context
On 17 Feb 2026, Uniparts India closed at ₹492.00, down 4.71% from the previous close of ₹516.30. The stock traded within a range of ₹492.00 to ₹509.75 during the day, remaining below its 52-week high of ₹546.90 but comfortably above the 52-week low of ₹260.00. This recent pullback comes after a strong rally over the past year, where the stock delivered a remarkable 51.15% return compared to the Sensex’s 9.66% gain over the same period.
However, the stock’s performance over longer horizons has been mixed. While it outperformed the Sensex year-to-date with a 1.56% gain versus the benchmark’s 2.28% loss, it has lagged over three years with an 11.57% decline compared to the Sensex’s 35.81% rise. This divergence highlights the importance of technical analysis to gauge near-term momentum shifts amid varying fundamental trends.
Technical Trend Transition: From Bullish to Mildly Bullish
Uniparts India’s technical trend has recently shifted from a clear bullish stance to a mildly bullish one. This subtle change suggests a deceleration in upward momentum, warranting a closer look at key technical indicators to understand the underlying dynamics.
The daily moving averages remain bullish, signalling that the short-term trend is still positive. The stock price is trading above its daily moving averages, which typically supports continued upward momentum. However, weekly and monthly indicators paint a more cautious picture.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator, a widely used momentum oscillator, shows mildly bearish signals on both weekly and monthly charts. This suggests that the momentum that propelled the stock higher may be waning, with the MACD line potentially crossing below the signal line or showing a narrowing gap. Such a development often precedes a consolidation phase or a mild correction.
Meanwhile, the Relative Strength Index (RSI) on weekly and monthly timeframes currently shows no clear signal, hovering in a neutral zone. This indicates that the stock is neither overbought nor oversold, reinforcing the idea of a pause or sideways movement rather than a sharp reversal.
Bollinger Bands and Volatility Insights
Bollinger Bands, which measure price volatility and potential breakout points, present a mildly bullish stance on the weekly chart and a bullish signal on the monthly chart. This suggests that despite short-term weakness, the stock retains the potential for upward price expansion over the medium term. The bands’ widening on the monthly timeframe indicates increasing volatility, which could lead to significant price moves in either direction.
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Other Technical Indicators: KST, Dow Theory, and OBV
The Know Sure Thing (KST) indicator, which aggregates multiple rate-of-change calculations, is mildly bullish on the weekly chart but lacks a clear signal on the monthly timeframe. This mixed reading aligns with the overall mildly bullish trend, suggesting cautious optimism among traders.
Dow Theory analysis shows no definitive trend on the weekly chart but a mildly bullish trend on the monthly chart. This indicates that while short-term price action is uncertain, the longer-term trend remains positive, albeit with reduced conviction.
On-Balance Volume (OBV), a volume-based indicator that helps confirm price trends, shows no trend on the weekly chart but a bullish trend on the monthly chart. This divergence implies that while recent trading volumes have not decisively supported price moves, the broader monthly volume trend remains constructive.
Mojo Score and Grade Revision
MarketsMOJO has revised Uniparts India’s Mojo Grade from Buy to Hold as of 16 Feb 2026, reflecting the evolving technical landscape and recent price weakness. The current Mojo Score stands at 67.0, indicating moderate confidence in the stock’s prospects. The Market Cap Grade is 3, suggesting a mid-tier market capitalisation relative to peers in the Auto Components & Equipments sector.
This downgrade signals a more cautious stance for investors, recommending monitoring the stock closely for confirmation of trend direction before committing to fresh positions.
Comparative Performance and Sector Context
Uniparts India’s sector, Auto Components & Equipments, has been subject to cyclical pressures and supply chain challenges, which have influenced stock price volatility. Despite these headwinds, Uniparts has outperformed the Sensex over the past year, underscoring its relative strength within the sector.
However, the recent 1-week return of -2.09% underperformed the Sensex’s -0.94%, signalling short-term weakness. Conversely, the 1-month return of 12.6% significantly outpaced the Sensex’s -0.35%, highlighting the stock’s capacity for strong rebounds.
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Investor Takeaways and Outlook
Investors analysing Uniparts India should weigh the mixed technical signals carefully. The daily moving averages and monthly Bollinger Bands suggest underlying strength, but the mildly bearish MACD and neutral RSI readings on weekly and monthly charts counsel prudence.
The downgrade to a Hold rating by MarketsMOJO reflects this balanced view, indicating that while the stock is not currently a strong buy, it remains a viable holding for investors with a medium-term horizon who can tolerate some volatility.
Given the stock’s strong 1-year performance and sector positioning, a consolidation or mild correction phase could offer attractive entry points if confirmed by improving momentum indicators. Conversely, a sustained breach below key moving averages or a deterioration in volume trends could signal deeper weakness.
Overall, Uniparts India’s technical momentum shift underscores the importance of dynamic risk management and ongoing monitoring of technical indicators to capitalise on potential opportunities while mitigating downside risks.
Summary of Key Technical Metrics:
- Current Price: ₹492.00 (down 4.71% on 17 Feb 2026)
- 52-Week Range: ₹260.00 - ₹546.90
- MACD: Weekly & Monthly Mildly Bearish
- RSI: Weekly & Monthly Neutral (No Signal)
- Bollinger Bands: Weekly Mildly Bullish, Monthly Bullish
- Moving Averages: Daily Bullish
- KST: Weekly Mildly Bullish, Monthly Neutral
- Dow Theory: Weekly No Trend, Monthly Mildly Bullish
- OBV: Weekly No Trend, Monthly Bullish
- Mojo Score: 67.0 (Hold, downgraded from Buy on 16 Feb 2026)
Investors should continue to monitor these indicators closely, particularly the MACD and volume trends, to identify potential shifts in momentum that could influence trading decisions in the coming weeks.
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