NSE Nifty 50: Top 5 stock losers of February 10, 2025

In this article, we will explore the technical indicators of some of the low-performing stocks on the Indian stock market, including ONGC, POWERGRID, TATASTEEL, TITAN, and TRENT.

By looking at these stocks through the lens of key technical factors, we aim to better understand their price movements, trends, and potential future performance.

Analysis for ONGC - February 10, 2025

ONGC Performance Summary ONGC recently closed at 242.45, down by 2.59% from its previous close of 248.90, amid a trading volume of 7,581,329 shares. The stock is currently below its 50-day and 200-day EMAs, suggesting a bearish trend. With an RSI of 43.34, the stock is approaching oversold territory, indicating potential for a reversal. The MACD indicator, being below the signal line, further corroborates bearish momentum. Being part of the Energy sector and the Oil & Gas Integrated industry in India, ONGC's market cap stands at ₹3,051,305,828,352, with a PE Ratio of 7.82.

Relationship with Key Moving Averages

The closing price of ONGC is 242.45, which is below important moving averages: the 10 EMA at 249.58, the 20 EMA at 250.59, the 50 EMA at 251.60, and the 200 EMA at 255.26. This indicates a bearish trend as the stock price is trading below these key levels.

Moving Averages Trend (MACD)

The Moving Average Convergence Divergence (MACD) for ONGC is currently at -0.7049, with the MACD Signal line at 0.2986. This negative MACD suggests a bearish trend as the MACD line is below the Signal line, indicating potential downward momentum in the stock's price movement.

RSI Analysis

The RSI (Relative Strength Index) for ONGC is 43.34, which indicates that the stock is nearing the oversold territory. A typical RSI range is 30 to 70, with a value below 30 suggesting that the stock might be oversold, potentially indicating a buying opportunity. However, further analysis of market trends and conditions is recommended before any investment decision.

Analysis for Power Grid - February 10, 2025

**Power Grid Corporation of India** exhibited a decrease in stock performance, with a close of 268.70, down by 3.40% from the previous close of 278.15. Indicators such as a low RSI of 31.52 suggest the stock is oversold, and both the MACD and its signal indicate a bearish trend. The company, operating in the Utilities sector, stands with a PE Ratio of 16.13 and a significant market cap reflecting its industry stature.

Relationship with Key Moving Averages

Power Grid's current stock price at close (268.70) is below all the key moving averages: 10 EMA (281.07), 50 EMA (298.21), and 200 EMA (300.41). This indicates a potential bearish trend as the stock is trading below these significant benchmarks, suggesting negative sentiment in the short to long term.

Moving Averages Trend (MACD)

**MACD Analysis for Power Grid:** The MACD value of -7.33 indicates a bearish trend for Power Grid, as it is below the signal line of -6.32. This suggests potential continued downward momentum in the stock price.

RSI Analysis

**RSI Analysis for Power Grid:** The Relative Strength Index (RSI) for Power Grid is 31.52. This suggests that the stock is approaching the oversold territory, as an RSI below 30 typically indicates that a security is oversold and may be due for a price correction or rebound.

Analysis for Tata Steel - February 10, 2025

**Tata Steel Performance Summary:** Tata Steel experienced a decline in its stock price, with a close of 134.04 compared to the previous close of 138.31, resulting in a percentage change of -3.09%. The stock traded between a high of 138.10 and a low of 133.00, with a significant trading volume of 26,103,042 shares. Despite recent volatility indicated by a negative MACD of -0.05, the stock maintains a mid-range RSI of 51.32, suggesting balanced momentum.

Relationship with Key Moving Averages

For Tata Steel, the recent closing price of 134.04 is below the 50-day EMA of 136.09, suggesting potential bearish momentum. Additionally, the stock's 50-day EMA is lower than its 200-day EMA (145.02), indicating a longer-term downtrend may be in play.

Moving Averages Trend (MACD)

Tata Steel's MACD analysis indicates a weak momentum, with the MACD line being slightly below the signal line at -0.0499 compared to -1.0970. This suggests a bearish sentiment but with potential for convergence. Keep an eye on any changes that might indicate a shift in momentum.

RSI Analysis

Tata Steel's current RSI is 51.32, indicating a neutral market sentiment. An RSI between 30 and 70 suggests that the stock is neither overbought nor oversold, implying potential stability in its current price movements.

Analysis for Titan Company - February 10, 2025

Titan Company, a part of the Consumer Cyclical sector and operating in the Luxury Goods industry in India, experienced a decline in its stock with a -2.84% change from the previous close, closing at 3327.45. The company's RSI indicates a neutral momentum at 43.55, while the MACD shows a slight bearish trend. The stock's market cap is significant at 2.95 trillion INR, with a PE Ratio of 90.79 suggesting a high valuation relative to earnings.

Relationship with Key Moving Averages

Titan Company's stock is currently trading below its key moving averages, including the 10-day EMA, 20-day EMA, 50-day EMA, and 200-day EMA. This suggests a potential bearish trend as the closing price is not sustaining above these crucial levels. Additionally, the relative strength index (RSI) is at 43.55, indicating weakening momentum in price movements.

Moving Averages Trend (MACD)

The MACD for Titan Company is 14.86, which is below the MACD Signal line at 18.51, indicating a bearish trend. This suggests a potential downturn in the stock's price momentum. Investors might want to exercise caution or look for further confirmation before making decisions.

RSI Analysis

The Relative Strength Index (RSI) for Titan Company is at 43.55, indicating that the stock is nearing the oversold territory but is not yet at an extreme level. This suggests potential buying opportunities if the RSI continues to decline, although caution is advised as other market factors should also be considered.

Analysis for Trent - February 10, 2025

Trent has experienced a notable decrease in its stock price, with a closing value of 5196.75, marking a 4.72% decline from its previous close. The current RSI indicates that it might be slightly oversold, suggesting potential for future upward movement. The negative MACD and points change signify a bearish momentum, despite the company's substantial market cap in the Consumer Cyclical sector, specifically in Apparel Retail, in India.

Relationship with Key Moving Averages

Based on the provided data, Trent's closing price of 5196.75 is below its 50-day EMA (6248.09), 200-day EMA (5996.60), 10-day EMA (5565.26), and 20-day EMA (5793.92), indicating a bearish trend relative to these key moving averages. Additionally, with the Relative Strength Index (RSI) at 34.85, the stock is approaching the oversold territory.

Moving Averages Trend (MACD)

The MACD for Trent indicates a bearish trend as the MACD line (-304.82) is below the Signal line (-296.88), suggesting downward momentum in the stock's price. This negative MACD value, particularly when the MACD line crosses below the signal line, typically signals that the selling pressure exceeds buying pressure.

RSI Analysis

Based on the recent data, the RSI of Trent, standing at 34.85, indicates that the stock is approaching oversold conditions. This suggests potential undervaluation or an upcoming reversal, though other indicators should be considered for confirmation.