Hexa Tradex Ltd Technical Momentum Shifts Amid Bearish Market Sentiment

Current Price and Market Context

As of 16 Feb 2026, Hexa Tradex Ltd closed at ₹159.26, down 1.08% from the previous close of ₹161.00. The stock’s intraday range was between ₹158.01 and ₹163.00, indicating moderate volatility. Over the past 52 weeks, the share price has fluctuated between a low of ₹147.26 and a high of ₹231.30, underscoring significant price compression in recent months.

Technical Trend Overview

The overall technical trend for Hexa Tradex has shifted from bearish to mildly bearish, signalling a tentative easing of downward pressure but no definitive reversal yet. This subtle change is reflected in the mixed readings across key technical indicators.

MACD Analysis

The Moving Average Convergence Divergence (MACD) indicator presents a dichotomy: the weekly MACD is mildly bullish, suggesting some short-term upward momentum, while the monthly MACD remains bearish, indicating that the longer-term trend is still under pressure. This divergence implies that while short-term traders might find some buying opportunities, the broader downtrend has not yet been decisively broken.

RSI Signals

The Relative Strength Index (RSI) adds further complexity. On a weekly basis, the RSI is neutral, providing no clear signal of overbought or oversold conditions. However, the monthly RSI is bullish, hinting at improving momentum over the longer term. This could suggest that the stock is gradually recovering from oversold levels, but confirmation through price action is necessary.

Bollinger Bands and Moving Averages

Bollinger Bands on both weekly and monthly charts remain mildly bearish, indicating that price volatility is still skewed towards the downside. The daily moving averages reinforce this bearish stance, with the stock trading below key averages, signalling that short-term momentum remains weak. Investors should watch for a sustained move above these averages to confirm any potential trend reversal.

Additional Technical Indicators

The Know Sure Thing (KST) indicator is bearish on both weekly and monthly timeframes, reinforcing the cautious outlook. Dow Theory analysis shows no clear trend on the weekly chart and a mildly bearish trend on the monthly chart, further highlighting the absence of strong bullish conviction. On-Balance Volume (OBV) readings show no discernible trend, suggesting that volume is not currently supporting any significant price moves.

Performance Relative to Sensex

Hexa Tradex’s returns relative to the Sensex reveal a mixed picture. Over the past week, the stock declined by 0.45%, outperforming the Sensex’s 0.87% fall. Over one month, the stock gained a marginal 0.09%, while the Sensex dropped 1.02%. Year-to-date, Hexa Tradex is down 2.29%, slightly better than the Sensex’s 2.52% decline. However, over the past year, the stock has underperformed significantly with a 23.10% loss compared to the Sensex’s 10.59% gain.

Longer-term returns are more favourable for Hexa Tradex, with a 3-year return of 3.31% versus Sensex’s 43.33%, a 5-year return of 223.37% compared to Sensex’s 67.98%, and an impressive 10-year return of 1005.97% against Sensex’s 264.87%. This highlights the stock’s strong historical growth despite recent volatility and technical weakness.

Mojo Score and Rating Update

MarketsMOJO has recently downgraded Hexa Tradex Ltd’s Mojo Grade from Sell to Strong Sell as of 1 Feb 2026, reflecting deteriorating fundamentals and technical outlook. The current Mojo Score stands at a low 23.0, signalling significant caution for investors. The Market Cap Grade is 4, indicating a mid-sized company with moderate liquidity and market presence.

Implications for Investors

The mixed technical signals suggest that while short-term momentum shows some mild bullish tendencies, the overall trend remains bearish to mildly bearish. The stock’s position below daily moving averages and bearish KST readings caution against aggressive buying at this stage. However, the improving monthly RSI and weekly MACD hint at a potential base formation or consolidation phase that could precede a more sustained recovery.

Investors should closely monitor key technical levels, particularly the 52-week low of ₹147.26 and the resistance near the recent high of ₹163.00. A decisive break above the daily moving averages and monthly MACD turning bullish would be required to confirm a trend reversal. Until then, risk-averse investors may prefer to avoid fresh exposure or consider hedging strategies.

Sector and Industry Context

Hexa Tradex operates within the NBFC sector, which has faced headwinds due to tightening credit conditions and regulatory scrutiny. The sector’s performance has been uneven, with some companies showing resilience while others struggle with asset quality and liquidity challenges. Hexa Tradex’s technical weakness partly reflects these broader sectoral pressures.

However, the company’s long-term outperformance relative to the Sensex suggests underlying strengths that could be leveraged if market conditions improve. Investors should weigh sector dynamics alongside technical signals when considering exposure to Hexa Tradex.

Conclusion

In summary, Hexa Tradex Ltd’s technical parameters reveal a nuanced momentum shift. While short-term indicators like the weekly MACD and monthly RSI show mild bullishness, the prevailing trend remains bearish to mildly bearish, supported by daily moving averages and KST readings. The recent downgrade to a Strong Sell rating by MarketsMOJO underscores the need for caution.

Investors should monitor key technical levels and broader sector developments before committing capital. The stock’s historical long-term returns are impressive, but current technical and fundamental challenges warrant a conservative approach. A confirmed technical turnaround would require sustained strength above moving averages and a positive shift in monthly MACD and Dow Theory trends.

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