The Moving Average Convergence Divergence (MACD) on the weekly chart shows a mildly bearish signal, while monthly data remains inconclusive. The Relative Strength Index (RSI) does not present a definitive signal on either weekly or monthly timeframes, suggesting a neutral momentum in the short to medium term. Bollinger Bands indicate a bullish stance weekly and mildly bullish monthly, highlighting some upward price volatility within established ranges. Daily moving averages align with a mildly bullish outlook, supporting the recent technical trend adjustment.
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Additional technical tools provide a mixed picture. The Know Sure Thing (KST) indicator is bullish on a weekly basis, while Dow Theory signals a mildly bearish weekly trend with no clear monthly direction. On-Balance Volume (OBV) also shows a mildly bearish weekly trend, indicating some selling pressure despite the price holding above recent lows. The stock’s 52-week high is ₹1,928.00, and the low is ₹1,128.40, placing the current price closer to the upper range but below the peak.
From a returns perspective, Azad Engineering’s stock has outperformed the Sensex over the past week with a 1.61% gain compared to the Sensex’s 0.96%. However, over the one-month period, the stock shows a slight decline of 0.3% while the Sensex gained 0.86%. Year-to-date returns for Azad Engineering stand at -4.85%, contrasting with the Sensex’s 8.36%. Over the one-year horizon, the stock has returned 4.07%, trailing the Sensex’s 9.48%. Longer-term data for three, five, and ten years is not available for the stock, while the Sensex shows substantial gains of 37.31%, 91.65%, and 232.28% respectively.
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Azad Engineering’s market capitalisation grade is positioned at 3, reflecting its mid-tier market cap status within the Heavy Electrical Equipment sector. The recent adjustment in its evaluation from a previous grade of Sell to Hold as of 19 Sep 2025 indicates a revision in its technical parameters rather than a fundamental shift. Investors should note the mixed signals from technical indicators and the divergence in returns compared to the broader market benchmark.
In summary, Azad Engineering’s technical landscape presents a blend of mildly bullish and bearish signals across multiple timeframes and indicators. The stock’s price momentum shows signs of cautious optimism tempered by some selling pressure and neutral momentum indicators. Market participants may find value in closely monitoring the evolving technical parameters, particularly the MACD and OBV trends, alongside broader sector and market movements.
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