Hathway Cable & Datacom Ltd Sees Mixed Technical Signals Amid Mild Momentum Shift

Technical Trend and Price Movement Overview

Hathway Cable’s technical trend has transitioned from a clear bearish phase to a mildly bearish one, signalling a possible easing of downward pressure but not yet a definitive reversal. The stock’s price today ranged between ₹12.40 and ₹12.71, closing near the day’s high, which may indicate some buying interest. However, the current price remains significantly below its 52-week high of ₹17.95, underscoring the challenges the stock has faced over the past year.

Comparing returns with the broader Sensex index highlights the stock’s underperformance. Over the past week, Hathway gained 0.55% against the Sensex’s 0.85%. Over one month, the stock declined by 2.31% while the Sensex rose 0.73%. Year-to-date, Hathway has outpaced the Sensex with a 1.93% gain versus 0.64%, but over longer horizons, the stock has lagged considerably. The one-year return stands at -21.41% compared to the Sensex’s 7.28%, and over five and ten years, Hathway has declined by 61.69% and 71.52% respectively, while the Sensex surged 79.16% and 227.83%.

MACD and Momentum Indicators

The Moving Average Convergence Divergence (MACD) remains bearish on both weekly and monthly timeframes, indicating that the stock’s momentum is still tilted towards the downside. The weekly MACD suggests that short-term momentum has not yet shifted decisively, while the monthly MACD confirms a longer-term bearish trend. This divergence between timeframes often signals that while short-term rallies may occur, the broader trend remains under pressure.

Complementing this, the Know Sure Thing (KST) indicator is bearish on both weekly and monthly charts, reinforcing the view that momentum remains subdued. The KST’s bearish readings suggest that the stock’s price action is unlikely to sustain a strong upward move without a significant catalyst.

RSI and Overbought/Oversold Conditions

The Relative Strength Index (RSI) presents a more optimistic picture on the weekly chart, showing a bullish signal. This indicates that the stock may be gaining some upward momentum in the short term, potentially signalling a recovery from oversold conditions. However, the monthly RSI does not provide a clear signal, reflecting uncertainty in the longer-term momentum.

This mixed RSI reading suggests that while short-term traders might find opportunities, longer-term investors should remain cautious until a more definitive trend emerges.

Moving Averages and Bollinger Bands

Daily moving averages remain bearish, indicating that the stock price is trading below key average levels, which typically acts as resistance. This bearish stance on moving averages suggests that any upward price movement may face selling pressure near these levels.

Bollinger Bands on both weekly and monthly charts are mildly bearish, signalling that price volatility is somewhat subdued but still skewed towards the downside. The bands’ mild bearishness implies that while the stock is not in a strong downtrend, it has not yet entered a sustained bullish phase either.

Volume and Dow Theory Signals

On-Balance Volume (OBV) readings are mildly bullish on both weekly and monthly charts, suggesting that volume trends may be supporting some accumulation. This is a positive sign, as rising OBV often precedes price increases, indicating that buyers are gradually gaining control.

Dow Theory analysis shows a mildly bullish signal on the weekly timeframe but no clear trend on the monthly chart. This mixed signal reflects the stock’s current indecision, with short-term price action hinting at potential recovery while the longer-term trend remains uncertain.

Mojo Score and Market Capitalisation Grade

Hathway Cable & Datacom Ltd holds a Mojo Score of 31.0, categorised as a Sell rating, though this is an improvement from a previous Strong Sell grade as of 2 January 2026. The upgrade reflects a slight improvement in technical and fundamental parameters but still advises caution. The company’s market capitalisation grade stands at 3, indicating a relatively modest market cap within its sector.

These ratings, provided by MarketsMOJO, suggest that while the stock is showing some signs of stabilisation, it remains a cautious proposition for investors, especially given its underperformance relative to the Sensex and sector peers.

Sector and Industry Context

Operating within the Media & Entertainment sector, Hathway faces competitive pressures and evolving industry dynamics, including shifts in consumer preferences and technological disruptions. The sector itself has seen mixed performance, with some companies benefiting from digital transformation while others struggle with legacy infrastructure and subscriber retention.

Hathway’s technical indicators and price momentum must therefore be viewed in the context of these broader sectoral challenges, which may continue to weigh on the stock’s recovery prospects.

Investor Takeaway and Outlook

Hathway Cable & Datacom Ltd’s current technical profile suggests a stock in transition. The shift from bearish to mildly bearish trend, combined with mixed signals from MACD, RSI, and moving averages, indicates that while the stock may be stabilising, it has yet to confirm a sustained bullish reversal.

Short-term traders might find opportunities given the weekly RSI’s bullish signal and the mildly bullish OBV readings, but longer-term investors should remain cautious due to persistent bearish momentum on monthly indicators and the stock’s significant underperformance relative to the Sensex over multiple timeframes.

Given the company’s modest market capitalisation grade and the challenging sector environment, investors should weigh these technical signals alongside fundamental analysis and broader market conditions before making investment decisions.

In summary, Hathway Cable & Datacom Ltd is showing tentative signs of momentum improvement but remains a cautious proposition. Monitoring key technical indicators such as MACD crossovers, RSI trends, and moving average behaviour in the coming weeks will be critical to assessing whether a more robust recovery is underway.

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