Vertis Infrastructure Trust Shows Mildly Bullish Momentum Amid Mixed Technical Signals

Technical Trend Shift and Price Movement

Over the past week, Vertis Infrastructure Trust’s share price has edged higher, closing at ₹106.90 on 23 Jan 2026, up 1.81% from the previous close of ₹105.00. The stock’s intraday range was narrow, with a low of ₹106.90 and a high of ₹107.00, indicating measured buying interest. This price action has nudged the technical trend from a prolonged sideways pattern into a mildly bullish phase, signalling a potential change in investor sentiment.

Notably, the stock is trading close to its 52-week high of ₹110.10, while comfortably above its 52-week low of ₹100.55. This proximity to the upper range suggests that Vertis Infrastructure Trust is attempting to break out of its recent consolidation, a positive sign for momentum traders.

MACD and RSI: Divergent Signals

The Moving Average Convergence Divergence (MACD) indicator presents a nuanced picture. On a weekly basis, the MACD remains mildly bearish, reflecting some underlying selling pressure or lack of strong upward momentum in the medium term. However, the monthly MACD reading is neutral, neither confirming a strong bullish nor bearish trend. This divergence implies that while short-term momentum is improving, longer-term momentum has yet to decisively turn positive.

Meanwhile, the Relative Strength Index (RSI) offers contrasting signals across timeframes. The weekly RSI is neutral, indicating no clear overbought or oversold conditions, which aligns with the recent sideways to mildly bullish price action. Conversely, the monthly RSI remains bearish, suggesting that the stock has experienced some downward pressure over the longer term and may still be vulnerable to correction if broader market conditions deteriorate.

Moving Averages and Bollinger Bands Confirm Mild Bullishness

Daily moving averages have turned mildly bullish, with the stock price trading above key short-term averages. This technical development supports the notion of a nascent upward trend, as moving averages often act as dynamic support and resistance levels. The Bollinger Bands, which measure volatility and price levels relative to recent averages, also indicate mild bullishness on both weekly and monthly charts. The stock price is approaching the upper band, signalling increased buying interest but also cautioning investors about potential short-term overextension.

Other Technical Indicators: KST, OBV, and Dow Theory

The Know Sure Thing (KST) indicator, which aggregates multiple rate-of-change measures, remains mildly bearish on the weekly chart, signalling that momentum is not yet fully established. The monthly KST reading is unavailable, limiting longer-term interpretation. On the other hand, the On-Balance Volume (OBV) indicator shows mild bullishness weekly, suggesting that volume trends are supporting the recent price gains. This divergence between price momentum and volume could indicate accumulation by informed investors.

Dow Theory assessments on both weekly and monthly timeframes show no clear trend, reflecting the stock’s recent consolidation and lack of decisive directional movement. This absence of a confirmed trend underscores the importance of monitoring upcoming price action for confirmation of a sustained breakout or reversal.

Fundamental Context and Market Comparison

Vertis Infrastructure Trust operates within the construction industry, a sector often sensitive to economic cycles and government infrastructure spending. The company’s current Mojo Score stands at 47.0, with a Mojo Grade downgraded from Hold to Sell as of 21 Jan 2026. This downgrade reflects concerns over valuation, momentum, and other fundamental factors. The Market Cap Grade is a modest 3, indicating a relatively small market capitalisation compared to peers.

From a returns perspective, the stock has outperformed the Sensex over the past year, delivering a 24.29% gain compared to the Sensex’s 9.22%. However, over the three-year horizon, Vertis Infrastructure Trust’s 6.9% return lags the Sensex’s robust 40.28% gain, highlighting mixed longer-term performance. Year-to-date and one-month returns are negative, at -1.12% and -1.93% respectively, though these declines are less severe than the Sensex’s corresponding falls of -3.21% and -3.37%.

Investment Implications and Outlook

The technical landscape for Vertis Infrastructure Trust is characterised by a cautious shift towards mild bullishness, supported by daily moving averages and Bollinger Bands, but tempered by bearish monthly RSI and weekly MACD signals. This mixed technical profile suggests that while short-term momentum is improving, investors should remain vigilant for potential volatility or reversals.

Given the recent downgrade to a Sell rating by MarketsMOJO and the modest Mojo Score, investors may prefer to adopt a wait-and-watch approach or consider alternative opportunities within the construction sector or broader market. The stock’s proximity to its 52-week high offers a potential resistance level, and a confirmed breakout above ₹110.10 could validate the emerging bullish trend.

Summary

Vertis Infrastructure Trust’s recent technical developments indicate a tentative shift towards bullish momentum, supported by daily moving averages and volume trends. However, mixed signals from MACD, RSI, and Dow Theory suggest that the stock remains in a consolidation phase with no definitive long-term trend established. The downgrade to a Sell rating and modest Mojo Score further caution investors to carefully weigh risks against potential rewards.

Investors should monitor key technical levels, particularly the 52-week high of ₹110.10, for confirmation of a sustained breakout. Until then, a balanced approach that considers both technical and fundamental factors is advisable in navigating this small-cap construction stock’s evolving landscape.

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