Venus Pipes & Tubes Ltd Faces Bearish Momentum Amid Technical Downturn

Technical Trend Shift and Price Movement

Venus Pipes & Tubes Ltd’s technical trend has transitioned from mildly bearish to outright bearish, reflecting a weakening price structure. The stock opened at ₹1,156.15, which was also the day’s high, but slipped to a low of ₹1,114.25 before settling near the lower end of the day’s range. This downward movement contrasts sharply with the 52-week high of ₹1,682.95 and indicates a significant retracement from recent peaks.

Over the past week, the stock has declined by 5.21%, substantially underperforming the Sensex’s modest 0.94% drop. Year-to-date, Venus Pipes has lost 3.46%, compared to the Sensex’s 2.28% decline, while over the last year, the stock has fallen 12.31% against the Sensex’s robust 9.66% gain. Despite this, the three-year return remains strong at 54.86%, outperforming the Sensex’s 35.81%, highlighting the stock’s longer-term resilience amid recent volatility.

MACD and Momentum Indicators Signal Bearishness

The Moving Average Convergence Divergence (MACD) indicator paints a cautious picture. On the weekly chart, the MACD remains bearish, with the MACD line below the signal line and both trending downward, signalling sustained selling pressure. The monthly MACD is mildly bearish, suggesting that while the longer-term momentum is weakening, it has not yet fully capitulated.

The Relative Strength Index (RSI) on the weekly timeframe is also bearish, currently below the 50 mark, indicating that the stock is losing upward momentum and edging closer to oversold territory. However, the monthly RSI does not provide a clear signal, reflecting a neutral stance over the longer term.

Moving Averages and Bollinger Bands Confirm Downtrend

Daily moving averages reinforce the bearish outlook. The stock price is trading below its key moving averages, including the 50-day and 200-day averages, which typically act as dynamic support and resistance levels. This positioning suggests that the bears have the upper hand in the short term.

Bollinger Bands on the weekly chart are also bearish, with the price hugging the lower band, indicating increased volatility and downward pressure. The monthly Bollinger Bands are mildly bearish, signalling that while the stock is under pressure, it has not yet broken decisively below longer-term volatility thresholds.

Additional Technical Indicators: KST, Dow Theory, and OBV

The Know Sure Thing (KST) oscillator, a momentum indicator that aggregates multiple rate-of-change calculations, is bearish on both weekly and monthly charts. This confirms the prevailing negative momentum and suggests that the stock may continue to face selling pressure in the near term.

Interestingly, the Dow Theory signals present a mixed picture. The weekly Dow Theory is mildly bullish, indicating some short-term optimism or potential for a rebound. However, the monthly Dow Theory remains mildly bearish, aligning with the broader negative trend and signalling caution for longer-term investors.

On the volume front, the On-Balance Volume (OBV) indicator shows no clear trend on the weekly chart, implying indecision among traders. Conversely, the monthly OBV is bullish, suggesting that accumulation may be occurring at lower price levels, which could provide a foundation for future price support.

Valuation and Market Capitalisation Context

Venus Pipes & Tubes Ltd holds a Market Cap Grade of 3, reflecting a mid-tier market capitalisation within its sector. The company’s Mojo Score has declined to 47.0, resulting in a downgrade from Hold to Sell as of 16 Feb 2026. This downgrade reflects the deteriorating technical and fundamental outlook, signalling increased risk for investors.

The iron and steel products sector remains volatile amid fluctuating commodity prices and global demand uncertainties. Venus Pipes’ recent underperformance relative to the Sensex and sector peers highlights the challenges it faces in maintaining momentum amid these headwinds.

Investor Takeaway and Outlook

Investors should approach Venus Pipes & Tubes Ltd with caution given the prevailing bearish technical signals and recent price weakness. The convergence of negative MACD, RSI, moving averages, and KST indicators suggests that the stock is likely to face continued downward pressure in the short to medium term.

However, the bullish monthly OBV and mildly bullish weekly Dow Theory hint at potential accumulation and short-term relief rallies. Long-term investors may find value in the stock’s strong three-year performance and sector positioning, but should remain vigilant for confirmation of trend reversals before committing additional capital.

Comparatively, Venus Pipes’ underperformance relative to the Sensex and sector peers over the past year underscores the importance of diversification and active portfolio management in this cyclical industry.

Summary of Key Technical Metrics

• Current Price: ₹1,125.10 (down 2.69% today)
• 52-Week Range: ₹968.80 – ₹1,682.95
• MACD: Weekly Bearish, Monthly Mildly Bearish
• RSI: Weekly Bearish, Monthly Neutral
• Moving Averages: Daily Bearish (below 50-day and 200-day)
• Bollinger Bands: Weekly Bearish, Monthly Mildly Bearish
• KST: Weekly and Monthly Bearish
• Dow Theory: Weekly Mildly Bullish, Monthly Mildly Bearish
• OBV: Weekly No Trend, Monthly Bullish
• Mojo Score: 47.0 (Sell), downgraded from Hold on 16 Feb 2026

In conclusion, Venus Pipes & Tubes Ltd is currently navigating a challenging technical landscape with bearish momentum dominating the charts. While some indicators suggest possible short-term support, the overall trend remains negative, warranting a cautious stance from investors.

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