Current Price Action and Market Context
As of 27 Jan 2026, Voltas Ltd. closed at ₹1,316.15, up from the previous close of ₹1,292.95. The stock traded within a range of ₹1,296.50 to ₹1,363.90 during the session, remaining well below its 52-week high of ₹1,531.95 but comfortably above its 52-week low of ₹1,135.55. This price action reflects a cautious recovery after a period of underperformance relative to the broader market.
Comparatively, Voltas has underperformed the Sensex over multiple time horizons. The stock’s one-week return stands at -6.72% versus the Sensex’s -2.43%, and over the past year, Voltas has declined by 12.06% while the Sensex gained 6.56%. However, longer-term returns tell a more positive story, with a three-year gain of 69.37% outpacing the Sensex’s 33.80%, and a ten-year return of 362.86% significantly exceeding the benchmark’s 233.68%.
Technical Indicator Analysis: Mixed Signals
The technical landscape for Voltas Ltd. is nuanced, with several key indicators offering conflicting signals. The Moving Average Convergence Divergence (MACD) indicator shows a bullish trend on the weekly chart, suggesting upward momentum in the near term. However, the monthly MACD remains mildly bearish, indicating that longer-term momentum is still under pressure.
The Relative Strength Index (RSI) on both weekly and monthly charts currently offers no clear signal, hovering in neutral zones that neither confirm overbought nor oversold conditions. This lack of decisive RSI readings suggests a consolidation phase rather than a strong directional move.
Bollinger Bands, which measure volatility and price extremes, are bearish on both weekly and monthly timeframes. This indicates that the stock price is trading near the lower band, signalling potential downward pressure or increased volatility in the medium term.
Moving Averages and Trend Assessment
Daily moving averages provide a mildly bullish outlook, with short-term averages crossing above longer-term ones, hinting at a possible recovery or stabilisation in price. However, the weekly and monthly KST (Know Sure Thing) indicators remain mildly bearish, reinforcing the view that the stock is yet to establish a sustained uptrend.
According to Dow Theory, the weekly trend is mildly bearish, while the monthly trend shows no clear direction. This further supports the interpretation of a sideways or consolidative phase rather than a decisive breakout or breakdown.
On the volume front, the On-Balance Volume (OBV) indicator is mildly bullish on the weekly chart but mildly bearish on the monthly chart, reflecting mixed investor sentiment and volume flows.
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Mojo Score and Grade Downgrade
Voltas Ltd.’s Mojo Score currently stands at 37.0, reflecting a cautious outlook. This score has contributed to a downgrade in the Mojo Grade from Hold to Sell as of 11 Nov 2025. The Market Cap Grade remains low at 2, indicating limited market capitalisation strength relative to peers. This downgrade signals that, despite some short-term bullish technical signals, the overall risk-reward profile has deteriorated.
Sector and Industry Positioning
Operating within the Electronics & Appliances sector, Voltas faces competitive pressures and cyclical demand fluctuations. The sector itself has shown mixed performance, with some peers outperforming the broader market while others lag. Voltas’s technical sideways trend and mixed indicator signals suggest that investors should monitor sector developments closely before committing to a position.
Investment Implications and Outlook
Given the current technical setup, investors should approach Voltas Ltd. with caution. The mildly bullish daily moving averages and weekly MACD suggest potential for short-term gains, but the bearish monthly indicators and sideways trend warn against expecting a sustained rally imminently. The stock’s underperformance relative to the Sensex over recent weeks and months further emphasises the need for prudence.
Traders might consider waiting for clearer confirmation of trend direction, such as a sustained breakout above the 52-week high of ₹1,531.95 or a decisive improvement in monthly momentum indicators. Conversely, a breakdown below recent support levels near ₹1,296 could signal further downside risk.
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Summary
Voltas Ltd.’s technical parameters reveal a stock in transition, with momentum shifting from mildly bearish to sideways. While short-term indicators such as the weekly MACD and daily moving averages offer some bullish hints, the broader monthly signals and Bollinger Bands suggest caution. The downgrade in Mojo Grade to Sell reflects these mixed signals and the stock’s recent underperformance relative to the Sensex.
Investors should weigh these technical factors alongside fundamental considerations and sector dynamics before making investment decisions. Monitoring key support and resistance levels, as well as changes in volume and momentum indicators, will be crucial in assessing the stock’s next directional move.
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