Key Events This Week
2 Feb: Technical momentum shift with stock falling 4.08% to Rs.502.85
3 Feb: Strong gap up opening, intraday high Rs.554.65, closed +4.20%
4 Feb: Price correction with a 1.69% decline to Rs.515.10
5 Feb: Mild recovery, up 1.10% to Rs.520.75
6 Feb: Week closes with a 1.91% drop to Rs.510.80
2 February 2026: Technical Momentum Shift Amid Decline
Vishnu Chemicals began the week on a weak note, closing at Rs.502.85, down 4.08% from the previous close of Rs.524.25. This decline was sharper than the Sensex’s 1.03% drop to 35,814.09, signalling a notable shift in technical momentum. MarketsMOJO downgraded the stock’s Mojo Grade from Buy to Hold on 29 January, reflecting caution amid mixed technical indicators. The stock’s technical profile showed a transition from bullish to mildly bullish, with bearish signals from weekly MACD and Bollinger Bands, while daily moving averages remained mildly supportive. The stock’s price volatility and volume suggested investor indecision as it tested support near Rs.490-495 levels.
3 February 2026: Strong Gap Up Reflects Positive Sentiment
On 3 February, Vishnu Chemicals opened with a significant gap up of 7.37%, surging to an intraday high of Rs.554.65, a 10.3% increase from the prior day’s close. The stock closed at Rs.523.95, up 4.20%, outperforming the Sensex’s 2.63% gain but slightly trailing the specialty chemicals sector’s 3.29% advance. This strong price action was accompanied by elevated intraday volatility of 5.76%, reflecting active trading interest. Despite the positive momentum, the stock remained below its 20-day and 50-day moving averages, indicating resistance levels yet to be breached. The mixed technical signals persisted, with short-term bullishness tempered by longer-term caution.
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4 February 2026: Price Correction Amid Consolidation
The stock corrected on 4 February, closing at Rs.515.10, down 1.69%. This decline came despite the Sensex rising 0.37% to 36,890.21, indicating some profit-taking or consolidation after the previous day’s sharp gains. Volume dropped to 3,072 shares, suggesting reduced trading interest. Technical indicators continued to show mixed signals, with the stock still below key moving averages and the weekly MACD remaining mildly bearish. The correction reflected the stock’s struggle to sustain momentum amid resistance and cautious investor sentiment.
5 February 2026: Mild Recovery Supported by Short-Term Strength
On 5 February, Vishnu Chemicals edged up 1.10% to close at Rs.520.75, recovering some ground. This gain occurred despite the Sensex falling 0.53% to 36,695.11, highlighting relative strength in the stock. The daily moving averages remained mildly bullish, supporting the short-term recovery. However, the weekly and monthly momentum indicators continued to signal caution. The stock’s volume remained subdued at 2,985 shares, indicating a lack of strong conviction behind the move.
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6 February 2026: Week Ends on a Weak Note
The week concluded with a 1.91% decline to Rs.510.80 on 6 February, despite the Sensex gaining 0.10% to 36,730.20. The stock’s volume fell to 2,027 shares, reflecting low trading activity. This drop capped a volatile week marked by sharp swings and mixed technical signals. The stock’s Mojo Score remained at 61.0 with a Hold rating, underscoring the cautious stance amid uncertain momentum. The price action suggests that investors remain watchful, balancing the stock’s strong historical returns against near-term technical challenges.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.502.85 | -4.08% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.523.95 | +4.20% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.515.10 | -1.69% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.520.75 | +1.10% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.510.80 | -1.91% | 36,730.20 | +0.10% |
Key Takeaways
Positive Signals: The stock demonstrated resilience with a strong gap up and intraday high of Rs.554.65 on 3 February, outperforming the Sensex on multiple days. Daily moving averages showed mild bullishness, supporting short-term recovery attempts. The stock’s long-term returns remain robust, significantly outpacing the Sensex over one, three, five, and ten-year horizons.
Cautionary Signals: The overall weekly performance was negative, with a 2.57% decline versus a 1.51% gain in the Sensex, indicating underperformance. Technical indicators such as weekly and monthly MACD and Bollinger Bands signalled bearish or mixed momentum. The downgrade to a Hold rating and subdued volumes suggest investor caution. Resistance at 20-day and 50-day moving averages remains a hurdle, and the stock’s high beta implies elevated volatility risk.
Conclusion
Vishnu Chemicals Ltd’s week was characterised by volatility and mixed technical signals. While the stock showed moments of strength, notably on 3 February with a strong gap up and intraday rally, it ultimately closed the week lower, underperforming the broader market. The downgrade to a Hold rating reflects a more cautious outlook amid uncertain momentum and resistance levels. Investors should monitor upcoming price action and volume trends closely to gauge whether the stock can sustain a recovery or face further consolidation. The company’s strong long-term track record remains a positive backdrop, but near-term technical challenges warrant prudence.
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