Hazoor Multi Projects Ltd Faces Bearish Momentum Amid Technical Downgrade

Technical Trend Shift and Price Movement

On 25 Feb 2026, Hazoor Multi Projects Ltd closed at ₹33.00, down 1.99% from the previous close of ₹33.67. The stock’s intraday range fluctuated between ₹32.19 and ₹33.86, indicating heightened volatility. The 52-week high stands at ₹50.95, while the low is ₹26.80, placing the current price closer to the lower end of its annual range. This price action aligns with the recent technical downgrade and bearish momentum.

The technical trend has shifted from mildly bearish to outright bearish, signalling increased selling pressure. This shift is corroborated by the daily moving averages, which remain firmly bearish, suggesting that short-term price momentum is weakening. The stock’s one-week return of -6.54% significantly underperformed the Sensex’s -1.47%, reinforcing the negative near-term outlook.

MACD and Momentum Indicators

The Moving Average Convergence Divergence (MACD) indicator presents a mixed picture. On a weekly basis, the MACD remains mildly bullish, hinting at some underlying positive momentum. However, the monthly MACD has turned mildly bearish, indicating that the longer-term momentum is waning. This divergence between weekly and monthly MACD readings suggests that while short-term rallies may occur, the broader trend is weakening.

The Know Sure Thing (KST) indicator echoes this sentiment, showing mild bullishness on the weekly chart but mild bearishness on the monthly timeframe. Such conflicting signals often point to a market in transition, where investors should exercise caution and closely monitor further developments.

RSI and Bollinger Bands Analysis

The Relative Strength Index (RSI) on both weekly and monthly charts currently offers no clear signal, hovering in neutral territory. This lack of directional momentum in RSI suggests that the stock is neither overbought nor oversold, leaving room for further downside or consolidation.

Bollinger Bands provide a more bearish outlook. On the weekly chart, the bands indicate a bearish trend, with the price trending near the lower band, signalling selling pressure. The monthly Bollinger Bands are mildly bearish, reinforcing the notion that the stock is under pressure over a longer horizon.

Volume and Dow Theory Signals

Volume-based indicators such as On-Balance Volume (OBV) have not provided definitive signals recently, with no clear trend on weekly or monthly charts. This absence of volume confirmation weakens the conviction behind any price moves, suggesting that the current downtrend may lack strong institutional support.

Dow Theory assessments align with the broader bearish narrative. Both weekly and monthly Dow Theory signals are mildly bearish, indicating that the stock’s price action is consistent with a downtrend in the eyes of classical technical analysis.

Long-Term Performance Versus Sensex

Despite recent weakness, Hazoor Multi Projects Ltd has demonstrated remarkable long-term returns. Over the past 10 years, the stock has delivered a staggering 12,435.04% return, vastly outperforming the Sensex’s 256.13% gain. Similarly, its five-year return of 11,085.11% dwarfs the Sensex’s 61.92% rise. Even over three years, the stock’s 254.65% return significantly exceeds the benchmark’s 38.28%.

However, the recent one-year performance has been disappointing, with a decline of 20.86% compared to the Sensex’s 10.44% gain. Year-to-date, the stock is down 5.63%, underperforming the Sensex’s 3.51% loss. This divergence highlights the challenges the company faces in maintaining its momentum amid changing market conditions and sectoral pressures.

Mojo Score and Rating Implications

MarketsMOJO’s latest assessment downgraded Hazoor Multi Projects Ltd from a Sell to a Strong Sell rating on 24 Feb 2026, reflecting a deteriorating outlook. The company’s Mojo Score stands at a low 29.0, signalling weak fundamentals and technicals. The Market Cap Grade is 4, indicating a relatively modest market capitalisation compared to peers.

This downgrade is consistent with the bearish technical signals and recent price underperformance. Investors should be cautious, as the combination of weak momentum indicators and a negative rating suggests limited upside potential in the near term.

Outlook and Investor Considerations

Given the current technical landscape, Hazoor Multi Projects Ltd appears to be in a consolidation or correction phase after a prolonged period of strong gains. The bearish moving averages and Bollinger Bands, combined with the monthly MACD and Dow Theory signals, point to a cautious stance.

While the weekly MACD and KST indicators offer some mild bullish hints, these are insufficient to offset the broader negative trend. The neutral RSI readings further suggest that the stock could remain range-bound or face further downside before any meaningful recovery.

Investors should weigh the company’s impressive long-term returns against the recent technical deterioration and downgrade. Those with a higher risk tolerance might consider monitoring for signs of a technical reversal, while more conservative investors may prefer to explore alternative opportunities within the realty sector or broader market.

Summary

Hazoor Multi Projects Ltd’s technical parameters have shifted decisively towards bearishness, reflected in a Strong Sell rating and a low Mojo Score. Key indicators such as moving averages, Bollinger Bands, and monthly MACD signal weakening momentum, while volume and RSI provide limited directional clarity. Despite stellar long-term returns, the stock’s recent underperformance relative to the Sensex and peers warrants caution. Investors should carefully assess risk and consider alternative investments until clearer signs of recovery emerge.

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