Key Events This Week
5 Jan: Stock opens at Rs.70.47, down 4.58%
7 Jan: Golden Cross formation signals potential bullish breakout
8 Jan: Technical rebound with 3.79% intraday gain amid mixed momentum
9 Jan: Week closes at Rs.68.08, down 2.87% on final session
5 January 2026: Weak Start Amid Broader Market Decline
BIGBLOC Construction Ltd opened the week at Rs.70.47, marking a sharp decline of 4.58% from the previous close. This drop was more pronounced than the Sensex’s 0.18% fall to 37,730.95, signalling early weakness in the stock. The volume of 16,857 shares traded reflected moderate investor activity as the market digested broader economic concerns impacting the cement sector.
6 January 2026: Continued Downtrend with Mild Volume
The stock extended its losses, closing at Rs.69.47, down 1.42% on the day, while the Sensex declined 0.19% to 37,657.70. Trading volume decreased slightly to 16,205 shares, indicating subdued participation. The persistent downward pressure suggested cautious sentiment ahead of anticipated technical developments.
7 January 2026: Golden Cross Formation Sparks Bullish Momentum
On 7 January, BIGBLOC Construction Ltd recorded a notable recovery, closing at Rs.72.10, up 3.79%, outperforming the Sensex’s marginal 0.03% gain to 37,669.63. This rally coincided with the formation of a Golden Cross, where the 50-day moving average crossed above the 200-day moving average, a classic bullish technical signal indicating potential trend reversal.
The surge in volume to 60,511 shares underscored increased investor interest following this development. Despite the positive momentum, the stock remained below its 52-week high of Rs.103.25, reflecting room for further upside if the trend sustains.
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8 January 2026: Technical Rebound Amid Mixed Momentum
The stock showed signs of a technical rebound, closing at Rs.70.09, down 2.79% from the previous day’s close but still reflecting a volatile session with a high of Rs.75.60 and a low of Rs.68.25. The Sensex fell sharply by 1.41% to 37,137.33, indicating broader market weakness. Volume dropped to 14,283 shares, suggesting cautious trading.
Technical analysis revealed a shift from mildly bearish to mildly bullish momentum on shorter-term indicators, including a bullish weekly MACD and KST, while monthly indicators remained bearish. The Relative Strength Index (RSI) hovered in neutral zones, and Bollinger Bands on the weekly chart turned mildly bullish, signalling potential for further price movement pending confirmation.
9 January 2026: Week Ends with Further Decline
BIGBLOC Construction Ltd closed the week at Rs.68.08, down 2.87% on the day and 7.81% for the week, underperforming the Sensex’s 0.89% decline to 36,807.62. Volume increased to 21,463 shares, reflecting renewed selling pressure. Despite the earlier bullish technical signals, the stock’s inability to sustain gains highlighted ongoing uncertainty and mixed momentum.
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Daily Price Performance: BIGBLOC Construction Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-05 | Rs.70.47 | -4.58% | 37,730.95 | -0.18% |
| 2026-01-06 | Rs.69.47 | -1.42% | 37,657.70 | -0.19% |
| 2026-01-07 | Rs.72.10 | +3.79% | 37,669.63 | +0.03% |
| 2026-01-08 | Rs.70.09 | -2.79% | 37,137.33 | -1.41% |
| 2026-01-09 | Rs.68.08 | -2.87% | 36,807.62 | -0.89% |
Key Takeaways
Positive Signals: The formation of a Golden Cross on 7 January marked a significant technical milestone, suggesting potential for a bullish breakout. The stock’s intraday gains and increased volume on that day reflected renewed investor interest. Weekly technical indicators such as MACD and KST turned bullish, supporting short-term momentum improvement.
Cautionary Factors: Despite short-term optimism, the stock closed the week down 7.81%, underperforming the Sensex’s 2.62% decline. Monthly technical indicators remain bearish, and the Relative Strength Index shows neutral momentum, indicating uncertainty. The Mojo Score of 38.0 with a Sell rating highlights ongoing fundamental concerns. Volume trends have been mixed, with no clear confirmation of sustained buying pressure.
Market Context: The broader market experienced volatility, with the Sensex falling steadily after a brief midweek uptick. BIGBLOC’s price action mirrored this trend but with greater volatility and sharper declines, reflecting sector-specific pressures and investor caution in the cement industry.
Conclusion
BIGBLOC Construction Ltd’s week was characterised by mixed technical signals and volatile price movements. The Golden Cross formation on 7 January offered a promising bullish indicator, yet the stock’s inability to maintain gains and the persistent bearish monthly momentum tempered optimism. The stock’s 7.81% weekly decline, significantly steeper than the Sensex’s 2.62% fall, underscores the challenges it faces amid broader market weakness.
Investors should monitor upcoming price action closely, particularly key support levels near Rs.68 and resistance around Rs.75.60, to gauge whether the short-term bullish momentum can translate into a sustained recovery. The interplay of technical and fundamental factors suggests a cautious stance, with the potential for further volatility in the near term.
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