Hazoor Multi Projects Ltd Sees Mixed Technical Signals Amid Price Momentum Shift

Price Movement and Market Context

The stock closed at ₹36.54 on 2 Jan 2026, marking a 4.49% increase from the previous close of ₹34.97. Intraday, it traded between ₹34.70 and ₹37.50, showing some volatility but an overall positive bias for the day. However, this short-term gain contrasts with the stock’s longer-term performance, where it has declined 31.61% over the past year, significantly underperforming the Sensex’s 8.51% gain in the same period.

Over a more extended horizon, Hazoor Multi Projects Ltd has delivered exceptional returns, with a staggering 12,284.97% gain over five years and an even more remarkable 21,955.43% over ten years, dwarfing the Sensex’s 77.96% and 225.63% returns respectively. This disparity highlights the stock’s volatile nature and the importance of technical analysis in timing investment decisions.

Technical Trend and Indicator Analysis

The technical trend for Hazoor Multi Projects Ltd has recently shifted from bearish to mildly bearish, signalling a tentative improvement in market sentiment but still cautioning investors about underlying weakness. This nuanced change is reflected in the mixed readings from various technical indicators:

• MACD (Moving Average Convergence Divergence): On a weekly basis, the MACD is mildly bullish, suggesting some upward momentum in the near term. However, the monthly MACD remains mildly bearish, indicating that the longer-term trend has yet to confirm a sustained recovery.


• RSI (Relative Strength Index): Both weekly and monthly RSI readings currently show no clear signal, implying that the stock is neither overbought nor oversold. This neutral stance suggests a consolidation phase where price momentum is uncertain.


• Bollinger Bands: The weekly Bollinger Bands indicate a bearish trend, with price action likely near the lower band, signalling potential downward pressure. The monthly Bollinger Bands are mildly bearish, reinforcing the cautious outlook over a longer timeframe.


• Moving Averages: Daily moving averages remain mildly bearish, reflecting recent price weakness relative to short-term averages. This suggests that despite the recent price uptick, the stock has not yet broken above key resistance levels.


• KST (Know Sure Thing): The weekly KST is mildly bullish, supporting the possibility of short-term gains, while the monthly KST remains mildly bearish, consistent with other longer-term indicators.


• Dow Theory: Weekly signals are mildly bearish, indicating that the broader market trend for the stock is still under pressure. The monthly Dow Theory shows no clear trend, adding to the uncertainty.

Volume and Market Capitalisation Insights

Hazoor Multi Projects Ltd holds a market cap grade of 4, reflecting its micro-cap status within the realty sector. The Mojo Score stands at 26.0, with a Strong Sell grade as of 31 Dec 2025, upgraded from a Sell rating. This downgrade in sentiment underscores the challenges the stock faces despite recent price gains. The absence of clear signals from On-Balance Volume (OBV) metrics further complicates the volume-based momentum analysis.

Comparative Performance and Sector Context

When compared with the broader Sensex, Hazoor Multi Projects Ltd’s recent returns have been lacklustre. The stock’s one-week and one-month returns of -1.98% and -3.56% respectively lag behind the Sensex’s modest gains of -0.26% and -0.53%. Year-to-date, however, the stock has outperformed marginally with a 4.49% gain versus the Sensex’s -0.04%, suggesting some short-term recovery potential.

Within the realty sector, the stock’s technical indicators paint a cautious picture. The sector itself has been grappling with macroeconomic headwinds, including rising interest rates and subdued demand, which have weighed on valuations. Hazoor Multi Projects Ltd’s mixed technical signals reflect these broader challenges, with no clear breakout yet to signal a sustained uptrend.

Technical Outlook and Investor Considerations

Investors should note that the mildly bearish daily moving averages and bearish Bollinger Bands on the weekly chart suggest that the stock remains vulnerable to downward pressure in the near term. The mildly bullish weekly MACD and KST offer some hope for a short-term rebound, but the lack of confirmation from monthly indicators advises caution.

Given the Strong Sell Mojo Grade and the low Mojo Score of 26.0, the stock is currently rated unfavourably by MarketsMOJO’s comprehensive evaluation system. This rating reflects concerns over price momentum, market cap constraints, and technical weakness. Investors seeking exposure to the realty sector may want to consider alternatives with stronger technical profiles and more robust fundamentals.

Summary and Strategic Implications

Hazoor Multi Projects Ltd’s technical landscape as of early 2026 is characterised by a delicate balance between short-term bullish signals and longer-term bearish pressures. The recent upgrade in technical trend to mildly bearish suggests some improvement, but the overall picture remains cautious. Key momentum indicators such as MACD and KST show mild bullishness on weekly charts, yet monthly indicators and moving averages continue to signal weakness.

For investors, this mixed technical profile implies that while short-term trading opportunities may exist, a clear and sustained uptrend has yet to materialise. The stock’s significant underperformance over the past year relative to the Sensex and its Strong Sell Mojo Grade further reinforce the need for prudence. Monitoring the evolution of monthly MACD and Bollinger Bands will be critical to identifying any meaningful trend reversals.

In conclusion, Hazoor Multi Projects Ltd remains a challenging proposition for investors focused on technical momentum. Those with a higher risk appetite may consider tactical positions aligned with weekly bullish signals, but a cautious approach is warranted until more definitive confirmation emerges from longer-term indicators.

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