Goldiam International Ltd Technical Momentum Shifts Amid Mixed Indicators

Price Movement and Market Context

On 30 Dec 2025, Goldiam International Ltd closed at ₹352.05, down 2.36% from the previous close of ₹360.55. The stock traded within a narrow intraday range, hitting a high of ₹360.60 and a low of ₹351.60. Despite this decline, the stock remains well above its 52-week low of ₹252.00, though significantly below its 52-week high of ₹569.00, reflecting considerable volatility over the past year.

Comparatively, Goldiam’s recent returns have lagged behind the broader market benchmark, the Sensex. Over the past week, the stock declined by 5.08%, while the Sensex fell by only 1.02%. The one-month performance shows a sharper contrast, with Goldiam down 11.62% against the Sensex’s modest 1.18% decline. Year-to-date and one-year returns for Goldiam are negative at -8.93% and -10.11% respectively, whereas the Sensex posted gains of 8.39% and 7.62% over the same periods. However, the longer-term outlook remains robust, with three-, five-, and ten-year returns of 156.88%, 653.85%, and an impressive 3,278.60%, far outpacing the Sensex’s respective returns of 38.54%, 77.88%, and 224.76%.

Technical Indicator Analysis

The technical landscape for Goldiam International Ltd is nuanced. The Moving Average Convergence Divergence (MACD) indicator presents a bearish signal on the weekly chart and a mildly bearish stance on the monthly chart. This suggests that momentum is weakening in the short to medium term, with the potential for further downside pressure if the MACD line remains below the signal line.

The Relative Strength Index (RSI), a momentum oscillator, currently shows no definitive signal on both weekly and monthly timeframes, indicating a lack of clear overbought or oversold conditions. This neutral RSI reading aligns with the sideways price trend, suggesting that the stock is neither strongly trending upwards nor downwards at present.

Bollinger Bands provide a mixed picture: weekly readings are bearish, signalling that price volatility is skewed towards the downside, while monthly readings are mildly bullish, hinting at potential support forming over a longer horizon. This divergence implies that short-term traders may face headwinds, whereas longer-term investors might find some comfort in the stabilising monthly trend.

Moving Averages and Trend Dynamics

Daily moving averages for Goldiam International Ltd are mildly bullish, indicating that recent price action has been supported by short-term momentum. However, this is tempered by the weekly and monthly KST (Know Sure Thing) indicators, which remain mildly bearish, reflecting a cautious medium-term outlook. The Dow Theory assessment echoes this sentiment, with a mildly bearish weekly trend and no clear trend on the monthly scale.

On-Balance Volume (OBV) readings add another layer of complexity. While the weekly OBV shows no clear trend, the monthly OBV is bullish, suggesting that accumulation may be occurring over the longer term despite recent price softness. This could indicate that institutional investors are gradually building positions, potentially setting the stage for a future rebound.

Mojo Score Upgrade and Market Capitalisation Insights

Goldiam International Ltd’s Mojo Score has improved to 51.0, resulting in an upgrade from a Sell to a Hold rating as of 26 Nov 2025. This reflects a modest improvement in the company’s technical and fundamental outlook, though the overall grade remains cautious. The Market Cap Grade stands at 3, indicating a mid-tier market capitalisation relative to its peers in the Gems, Jewellery and Watches sector.

The upgrade in rating suggests that while the stock is no longer considered a sell, investors should maintain a watchful stance given the sideways technical trend and mixed indicator signals. The sector itself has faced headwinds recently, with fluctuating demand and input cost pressures impacting earnings visibility.

Comparative Sector and Index Performance

Within the Gems, Jewellery and Watches sector, Goldiam’s technical indicators and price momentum are broadly in line with sector peers, many of which have also experienced sideways to mildly bearish trends in recent weeks. The Sensex’s positive year-to-date and one-year returns contrast with Goldiam’s underperformance, highlighting the stock’s sensitivity to sector-specific factors and company-level developments.

Investors should consider the broader market context, where global economic uncertainties and commodity price fluctuations continue to influence jewellery demand and pricing. Goldiam’s long-term outperformance relative to the Sensex remains a key positive, but near-term technical signals counsel prudence.

Investor Takeaway and Outlook

Goldiam International Ltd’s recent technical parameter changes highlight a shift from mild bullishness to a more neutral, sideways momentum. The bearish weekly MACD and Bollinger Bands, combined with neutral RSI readings, suggest that short-term price action may remain subdued or volatile. Meanwhile, mildly bullish daily moving averages and a bullish monthly OBV indicate some underlying strength that could support a recovery if market conditions improve.

Investors should weigh these mixed signals carefully. The upgrade to a Hold rating reflects a tempered optimism but also signals that the stock is not yet poised for a strong upward breakout. Given the stock’s underperformance relative to the Sensex in recent months, cautious investors may prefer to monitor for clearer technical confirmation before increasing exposure.

Long-term investors may find value in Goldiam’s impressive multi-year returns and sector positioning, but near-term price momentum suggests a wait-and-watch approach. Monitoring key technical levels, such as the 50-day and 200-day moving averages, alongside volume trends, will be critical in assessing the stock’s next directional move.

Summary of Technical Ratings

To summarise the technical indicators as of 30 Dec 2025:

• MACD: Weekly Bearish, Monthly Mildly Bearish


• RSI: No clear signal on weekly and monthly charts


• Bollinger Bands: Weekly Bearish, Monthly Mildly Bullish


• Moving Averages: Daily Mildly Bullish


• KST: Weekly and Monthly Mildly Bearish


• Dow Theory: Weekly Mildly Bearish, Monthly No Trend


• OBV: Weekly No Trend, Monthly Bullish

These mixed signals underscore the importance of a balanced approach, combining technical analysis with fundamental insights and sector trends.

Only Rs. 9,999 - Get MojoOne + Stock of the Week for 1 Year (MRP = Rs. 34,999) Start Saving Now →