Technical Trend Overview and Momentum Shift
Hexa Tradex’s technical trend has recently deteriorated from mildly bearish to outright bearish, reflecting growing downside pressure. The daily moving averages remain firmly bearish, indicating that short-term price action is under strain. Meanwhile, the weekly and monthly technical indicators present a mixed scenario. The weekly MACD is mildly bullish, suggesting some short-term positive momentum, but this is overshadowed by a bearish monthly MACD, which points to longer-term weakness.
The Relative Strength Index (RSI) adds further nuance: while the weekly RSI offers no clear signal, the monthly RSI is bullish, implying that the stock may be oversold on a longer timeframe and could be poised for a rebound. However, this potential is tempered by the Bollinger Bands, which are mildly bearish on both weekly and monthly charts, signalling that price volatility is skewed towards the downside.
Price Action and Moving Averages
At the current price of ₹160.00, Hexa Tradex is trading just above its previous close of ₹159.95, with a narrow intraday range between ₹159.00 and ₹160.00. This tight price band suggests consolidation but within a bearish context given the daily moving averages. The stock remains significantly below its 52-week high of ₹237.00, highlighting a substantial correction over the past year.
The daily moving averages’ bearish stance is a critical factor for traders, as it often signals continued downward momentum unless a decisive breakout occurs. The KST (Know Sure Thing) indicator confirms this bearish outlook on both weekly and monthly scales, reinforcing the likelihood of sustained selling pressure in the near term.
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Volume and On-Balance Volume (OBV) Analysis
On-Balance Volume (OBV) readings are mildly bearish on both weekly and monthly charts, indicating that volume trends are not supporting a bullish reversal. This suggests that selling pressure is accompanied by higher volume, a classic sign of weakening investor confidence. The Dow Theory also aligns with this bearish sentiment, showing mildly bearish signals on weekly and monthly timeframes, which further corroborates the technical downtrend.
Comparative Performance Against Sensex
Hexa Tradex’s price momentum is also reflected in its relative returns compared to the Sensex benchmark. Over the past week, the stock returned 1.01%, lagging behind the Sensex’s 1.59%. The one-month return is notably negative at -5.85%, significantly underperforming the Sensex’s -1.74%. Year-to-date, the stock has declined by 2.26%, slightly worse than the Sensex’s -1.92% return.
Longer-term performance paints a mixed picture. Over one year, Hexa Tradex has fallen by 17.95%, while the Sensex gained 7.07%. However, over three, five, and ten-year horizons, the stock has outperformed the benchmark substantially, with returns of 1.33%, 276.91%, and 932.26% respectively, compared to the Sensex’s 38.13%, 64.75%, and 239.52%. This indicates that while recent momentum is weak, the company has delivered strong value over extended periods.
Mojo Score and Analyst Ratings
MarketsMOJO’s latest assessment downgraded Hexa Tradex from a ‘Sell’ to a ‘Strong Sell’ on 1 February 2026, reflecting deteriorating fundamentals and technical outlook. The company’s Mojo Score stands at 17.0, a low figure signalling significant caution. The Market Cap Grade is 4, indicating a mid-tier market capitalisation but not enough to offset the negative technical and fundamental signals.
Such a downgrade is a clear warning for investors to reassess their positions, especially given the bearish technical trend and weak short-term price momentum. The combination of bearish daily moving averages, negative KST, and subdued volume trends suggests that Hexa Tradex may face further downside pressure unless there is a material change in market sentiment or company fundamentals.
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Investor Implications and Outlook
For investors, the current technical landscape of Hexa Tradex Ltd suggests caution. The bearish daily moving averages and KST indicators imply that short-term price declines may continue. The mixed signals from MACD and RSI across weekly and monthly timeframes indicate that while some longer-term oversold conditions exist, these have yet to translate into a sustained recovery.
Given the stock’s underperformance relative to the Sensex in recent months and the downgrade to a Strong Sell rating, investors should carefully evaluate their exposure. Those with a higher risk tolerance might monitor for a confirmed bullish reversal signal, such as a break above key moving averages or a sustained improvement in volume and momentum indicators.
Meanwhile, long-term investors may find some comfort in the stock’s impressive multi-year returns, but the near-term technical deterioration cannot be ignored. A prudent approach would involve close monitoring of technical signals alongside fundamental developments within the NBFC sector and broader economic conditions.
Sector Context and Market Conditions
The NBFC sector has faced headwinds recently due to tightening credit conditions and regulatory scrutiny, which have weighed on investor sentiment. Hexa Tradex’s technical weakness mirrors these sectoral challenges. The mildly bearish Bollinger Bands and Dow Theory signals on monthly charts suggest that the stock is still navigating a difficult environment, with volatility likely to remain elevated.
Investors should also consider the broader market context, where the Sensex has shown modest resilience despite recent volatility. Hexa Tradex’s relative underperformance highlights the importance of sector and stock selection in the current phase of market uncertainty.
Summary
Hexa Tradex Ltd’s recent technical parameter changes reveal a shift towards bearish momentum, with daily moving averages and KST indicators signalling downside risk. While some monthly indicators like RSI hint at potential oversold conditions, the overall technical picture remains cautious. The downgrade to a Strong Sell rating by MarketsMOJO underscores the need for investors to reassess their positions carefully.
Comparative returns show the stock lagging the Sensex in the short term, although its long-term performance remains robust. Given the sectoral challenges and mixed technical signals, investors should adopt a measured approach, balancing the potential for recovery against prevailing risks.
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