V2 Retail Ltd’s Volatile Week: 7.65% Surge Amid Mixed Technical Signals

2 February 2026: Weak Start Amid Broader Market Decline

V2 Retail Ltd began the week on a subdued note, closing at Rs.1,972.05, down 1.26% from the previous Friday’s close of Rs.1,997.25. This decline was in line with the Sensex, which fell 1.03% to 35,814.09. The stock’s volume was moderate at 7,923 shares, reflecting cautious investor sentiment amid a broadly negative market environment. The initial weakness set a tentative tone for the week ahead.

3 February 2026: Sharp Intraday Rally and Gap Up Reflect Positive Sentiment

On 3 February, V2 Retail Ltd staged a remarkable recovery, opening with a strong gap up of 5.96% and surging to an intraday high of Rs.2,127.30, representing a 7.87% increase from the previous close. The stock closed at Rs.2,122.95, up 7.65% on the day, significantly outperforming the Sensex’s 2.63% gain and the Garments & Apparels sector’s 2.72% advance.

This surge was supported by the stock trading above its 5-day and 200-day moving averages, signalling short- and long-term technical support. However, resistance remained at the 50-day and 100-day moving averages, indicating potential hurdles ahead. The high beta nature of the stock (adjusted beta 1.12) contributed to amplified price movements, reflecting heightened investor interest and volatility.

Despite the strong intraday momentum, technical indicators presented a mixed picture. The Moving Average Convergence Divergence (MACD) and Know Sure Thing (KST) oscillators were mildly bearish on weekly and monthly charts, while daily moving averages suggested a mildly bullish trend. Relative Strength Index (RSI) remained neutral, indicating no extreme overbought or oversold conditions.

4 February 2026: Momentum Strengthens with 8.01% Intraday Gain

Building on the previous day’s gains, V2 Retail Ltd surged further on 4 February, reaching an intraday high and closing at Rs.2,130.00, an 8.01% increase from the prior close. This marked a shift from a sideways to a mildly bullish technical stance, supported by daily moving averages turning positive.

However, longer-term momentum indicators such as the MACD and KST remained mildly bearish, while Bollinger Bands showed a divergence with weekly bearishness contrasting monthly bullishness. On-Balance Volume (OBV) remained neutral, suggesting volume flows were not decisively supporting the price rally. The stock remained below its 52-week high of Rs.2,572.00, indicating potential resistance ahead.

Despite the strong short-term performance, the stock’s Mojo Score remained cautious at 64.0 with a Hold rating, reflecting mixed signals amid volatility and technical uncertainty.

5 February 2026: Technical Momentum Softens Amid Volatility

On 5 February, V2 Retail Ltd’s momentum waned as the stock retreated 1.53% to close at Rs.2,045.90. The intraday range was volatile, spanning from Rs.1,968.30 to Rs.2,249.00, highlighting investor uncertainty. Technical indicators reverted to a sideways trend, with MACD and KST oscillators remaining mildly bearish and daily moving averages still mildly bullish.

The Relative Strength Index (RSI) stayed neutral, and Bollinger Bands continued to show mixed signals. On-Balance Volume (OBV) was mildly bearish on weekly charts, indicating volume was not strongly supporting price advances. The stock’s Mojo Grade remained at Hold, reflecting a cautious stance amid the mixed technical landscape.

6 February 2026: Week Ends with Slight Decline Amid Mixed Signals

V2 Retail Ltd closed the week at Rs.1,986.65, down 2.90% on the day and 0.53% for the week, underperforming the Sensex which gained 1.51%. The stock’s volume was moderate at 2,489 shares, reflecting subdued trading interest. Technical momentum shifted back to a sideways trend, with bearish MACD and KST indicators contrasting mildly bullish daily moving averages.

The stock remains below key resistance levels, including its 52-week high, and faces mixed signals from Bollinger Bands and On-Balance Volume. The Mojo Score of 57.0 and Hold rating reflect a cautious outlook amid ongoing volatility and sector-specific challenges.

Key Takeaways

V2 Retail Ltd’s week was characterised by significant intraday volatility, with a notable 7.65% surge on 3 February that outpaced both the Sensex and its sector. This rally was supported by positive short-term technical signals, including trading above key moving averages and a strong gap up opening.

However, the stock’s momentum proved fragile, with mixed and often bearish signals from key indicators such as MACD, KST, and Bollinger Bands on weekly and monthly timeframes. The downgrade from a Buy to Hold rating by MarketsMOJO analysts reflects this uncertainty and advises caution.

Volume trends were inconclusive, with On-Balance Volume showing neutral to mildly bearish patterns, suggesting a lack of strong conviction among traders. The stock’s high beta nature contributed to amplified price swings, increasing risk for short-term investors.

Despite short-term challenges, V2 Retail’s long-term performance remains impressive, with multi-year returns vastly outperforming the Sensex. This underscores the company’s growth potential within the garments and apparels sector, even as it navigates cyclical pressures and market volatility.

Conclusion

V2 Retail Ltd’s trading week from 2 to 6 February 2026 encapsulated a complex interplay of strong intraday rallies and subsequent technical consolidation. While the stock demonstrated resilience relative to the broader market, the mixed technical signals and downgrade to a Hold rating highlight the need for careful monitoring.

Investors should remain attentive to the stock’s ability to sustain gains above key moving averages and watch for confirmation from momentum indicators before considering new positions. The company’s robust long-term track record offers a foundation of confidence, but near-term volatility and sector-specific headwinds warrant a balanced and cautious approach.

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