Technical Trend Shift and Price Movement
On 10 Feb 2026, Vardhman Special Steels Ltd closed at ₹263.60, marking a 2.05% increase from the previous close of ₹258.30. This uptick is significant given the stock’s recent technical transition from a sideways pattern to a mildly bullish trend. The stock’s intraday range was relatively narrow, with a low of ₹258.40 and a high matching the close at ₹263.60, indicating steady buying interest.
Over the past week, the stock has outperformed the broader market, delivering a 6.61% return compared to the Sensex’s 2.94%. However, the one-month return shows a decline of 2.82%, underperforming the Sensex’s modest 0.59% gain. Year-to-date, the stock is down 7.40%, lagging behind the Sensex’s 1.36% loss. Despite short-term volatility, the longer-term performance remains robust, with a 10-year return of 1,309.30%, vastly outperforming the Sensex’s 249.97% over the same period.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator presents a nuanced picture. On a weekly basis, the MACD remains bearish, signalling that downward momentum has not fully dissipated. Conversely, the monthly MACD is mildly bearish, suggesting that while the longer-term trend is still under pressure, the intensity of selling has eased. This divergence between weekly and monthly MACD readings points to a potential inflection point where short-term bullishness could gain traction if confirmed by other indicators.
RSI and Relative Strength
The Relative Strength Index (RSI) on the weekly chart has turned bullish, indicating increasing buying momentum and a possible end to recent consolidation phases. The RSI’s bullish stance suggests that the stock is gaining strength relative to its recent price history, which could attract momentum traders. However, the monthly RSI remains neutral with no clear signal, implying that the stock has yet to establish a definitive long-term momentum trend.
Moving Averages and Bollinger Bands
Daily moving averages have shifted to a mildly bullish configuration, with short-term averages crossing above longer-term averages. This crossover often acts as a catalyst for further price appreciation, signalling that buyers are gaining control. Meanwhile, Bollinger Bands on the weekly chart remain mildly bearish, reflecting some volatility and resistance near the upper band. On the monthly scale, Bollinger Bands indicate a sideways trend, reinforcing the notion that the stock is in a consolidation phase with potential for breakout.
Only 1% make it here. This Large Cap from the Gems, Jewellery And Watches sector passed our rigorous filters with flying colors. Be among the first few to spot this gem!
- - Highest rated stock selection
- - Multi-parameter screening cleared
- - Large Cap quality pick
Additional Technical Signals: KST, Dow Theory, and OBV
The Know Sure Thing (KST) indicator shows a bearish trend on the weekly chart but a bullish signal on the monthly timeframe. This mixed reading suggests that while short-term momentum may be subdued, the longer-term outlook is improving. Dow Theory assessments align with this, indicating a mildly bullish weekly trend but a mildly bearish monthly trend, reflecting the stock’s current consolidation with a bias towards upward movement.
On-Balance Volume (OBV) analysis reveals no clear trend on the weekly chart, indicating a lack of strong volume confirmation for recent price moves. The monthly OBV is mildly bearish, suggesting that volume-driven selling pressure has not fully abated. Investors should watch for volume spikes to confirm any sustained price advances.
Valuation and Market Capitalisation Context
Vardhman Special Steels Ltd holds a Market Cap Grade of 3, reflecting a mid-tier valuation relative to its peers in the iron and steel products sector. The company’s Mojo Score has improved to 62.0, resulting in an upgrade from a Sell to a Hold rating as of 09 Feb 2026. This upgrade signals a cautious but positive reassessment of the stock’s prospects based on recent technical and fundamental developments.
Despite the Hold rating, the stock’s long-term returns remain impressive, with a five-year return of 335.70% compared to the Sensex’s 63.78%. This outperformance underscores the company’s resilience and growth potential within a cyclical industry.
Comparative Performance and Sector Outlook
Within the iron and steel products sector, Vardhman Special Steels Ltd’s recent technical improvements position it favourably against peers. The sector itself has experienced volatility due to fluctuating raw material costs and global demand uncertainties. However, the company’s ability to maintain a mildly bullish technical stance amidst these challenges is a positive sign for investors seeking exposure to cyclical recovery plays.
Holding Vardhman Special Steels Ltd from Iron & Steel Products? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
Investor Takeaway and Outlook
For investors analysing Vardhman Special Steels Ltd, the current mildly bullish technical trend offers a cautiously optimistic entry point. The mixed signals from MACD, RSI, and volume indicators suggest that while the stock is not yet in a strong uptrend, it is showing signs of stabilisation and potential upward momentum. The upgrade from Sell to Hold by MarketsMOJO reflects this evolving outlook.
Investors should monitor key technical levels, including the 52-week high of ₹322.35 and the recent support near ₹258.40. A sustained move above the daily moving averages and confirmation from volume indicators could signal a more robust bullish phase. Conversely, failure to hold current support levels may lead to renewed weakness, especially given the bearish weekly MACD and OBV trends.
In summary, Vardhman Special Steels Ltd presents a compelling case for investors willing to navigate a transitional technical landscape. The stock’s long-term outperformance relative to the Sensex and sector peers provides a solid foundation, while recent technical upgrades warrant close attention for potential momentum-driven gains.
Summary of Key Technical Metrics:
- Current Price: ₹263.60 (up 2.05% on 10 Feb 2026)
- 52-Week Range: ₹178.30 - ₹322.35
- MACD: Weekly Bearish, Monthly Mildly Bearish
- RSI: Weekly Bullish, Monthly Neutral
- Moving Averages: Daily Mildly Bullish
- Bollinger Bands: Weekly Mildly Bearish, Monthly Sideways
- KST: Weekly Bearish, Monthly Bullish
- Dow Theory: Weekly Mildly Bullish, Monthly Mildly Bearish
- OBV: Weekly No Trend, Monthly Mildly Bearish
- Mojo Score: 62.0 (Hold, upgraded from Sell on 09 Feb 2026)
Investors should continue to analyse these indicators in conjunction with broader market conditions and sector fundamentals to make informed decisions.
Unlock special upgrade rates for a limited period. Start Saving Now →
