Hexaware Technologies Ltd Technical Momentum Shifts Amid Mixed Indicator Signals

Price Movement and Market Context

On 12 Jan 2026, Hexaware Technologies closed at ₹729.00, down from the previous close of ₹737.85, marking a 1.20% decline. The stock traded within a range of ₹697.90 to ₹738.70 during the day, remaining well below its 52-week high of ₹900.15 but comfortably above the 52-week low of ₹592.95. This price action reflects a cautious market sentiment amid broader sectoral and index trends.

Comparatively, Hexaware’s recent returns have underperformed the Sensex benchmark. Over the past week, the stock declined by 2.93%, slightly worse than the Sensex’s 2.55% drop. The one-month and year-to-date returns also lag behind, with Hexaware down 4.06% and 4.66% respectively, against Sensex returns of -1.29% and -1.93%. However, over longer horizons, Hexaware has delivered robust gains, with a five-year return of 54.86% and a ten-year return of 203.18%, underscoring its historical growth potential despite short-term volatility.

Technical Indicator Analysis

The technical landscape for Hexaware Technologies is characterised by a blend of bullish and bearish signals across different timeframes and indicators, suggesting a transitional phase in price momentum.

Moving Averages: The daily moving averages have turned bearish, signalling short-term downward pressure on the stock. This shift indicates that recent price action has fallen below key average price levels, often interpreted as a warning sign for traders to exercise caution.

MACD (Moving Average Convergence Divergence): The MACD presents a dichotomy between weekly and monthly charts. On a weekly basis, the MACD remains bullish, indicating positive momentum in the near term. Conversely, the monthly MACD is mildly bearish, reflecting a more cautious medium-term outlook. This divergence suggests that while short-term momentum may support some upside, longer-term trends are under pressure.

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 that Hexaware is consolidating, awaiting a catalyst to define its next directional move.

Bollinger Bands: The weekly Bollinger Bands indicate sideways movement, reinforcing the notion of consolidation and limited volatility in the short term. Meanwhile, the monthly Bollinger Bands are mildly bullish, hinting at potential upward price expansion over the coming months.

KST (Know Sure Thing): Both weekly and monthly KST indicators are bullish, signalling underlying positive momentum and supporting the possibility of a rebound or sustained uptrend in the medium term.

Dow Theory: The weekly Dow Theory assessment is mildly bearish, reflecting recent price weakness and potential trend reversals. However, the monthly Dow Theory remains mildly bullish, suggesting that the primary trend may still be intact despite short-term corrections.

OBV (On-Balance Volume): Weekly OBV is mildly bullish, indicating that volume trends support price gains in the short term. The monthly OBV shows no clear trend, signalling uncertainty in longer-term volume dynamics.

MarketsMOJO Rating and Market Capitalisation

Hexaware Technologies currently holds a Mojo Score of 72.0, which translates to a Buy rating, upgraded from a previous Hold as of 6 Jan 2026. This upgrade reflects improved confidence in the company’s prospects despite recent technical headwinds. The Market Cap Grade stands at 2, indicating a mid-tier market capitalisation relative to its peers in the Computers - Software & Consulting sector.

The rating upgrade is significant as it signals that, from a fundamental and technical perspective, Hexaware is viewed more favourably by MarketsMOJO’s proprietary scoring system. This rating considers a blend of financial health, earnings quality, and technical momentum, providing investors with a comprehensive assessment.

Sector and Industry Context

Operating within the Computers - Software & Consulting industry, Hexaware faces competitive pressures and rapid technological changes. The sector has seen mixed performance recently, with many companies experiencing volatility due to global economic uncertainties and shifting IT spending patterns. Hexaware’s technical indicators suggest it is navigating these challenges with some resilience, as evidenced by bullish weekly MACD and KST readings.

However, the mildly bearish monthly MACD and daily moving averages caution investors to monitor the stock closely for signs of sustained weakness or recovery. The sideways Bollinger Bands on the weekly chart further imply that Hexaware is in a consolidation phase, potentially setting up for a breakout or breakdown depending on upcoming market catalysts.

Investor Takeaways and Outlook

Investors should note that Hexaware Technologies is currently in a phase of technical transition. The mixed signals from key indicators such as MACD, RSI, and moving averages suggest that the stock is consolidating after recent gains and may be poised for either a corrective pullback or a renewed rally depending on broader market conditions and company-specific developments.

The weekly bullish momentum indicators, including MACD and KST, provide some optimism for short-term traders looking for entry points. However, the bearish daily moving averages and mildly bearish monthly MACD counsel caution, especially for longer-term investors who may prefer to wait for clearer confirmation of trend direction.

Given the stock’s historical outperformance over five and ten years relative to the Sensex, Hexaware remains an attractive proposition for investors with a medium to long-term horizon. The recent MarketsMOJO upgrade to a Buy rating further supports this view, signalling improved fundamentals and technical positioning.

In summary, Hexaware Technologies Ltd presents a nuanced investment case characterised by a blend of cautious near-term technical signals and encouraging medium-term momentum. Investors should monitor upcoming earnings releases, sector developments, and broader market trends to better gauge the stock’s trajectory.

Summary of Key Technical Metrics:

• Current Price: ₹729.00 (down 1.20% on 12 Jan 2026)


• Daily Moving Averages: Bearish


• Weekly MACD: Bullish


• Monthly MACD: Mildly Bearish


• Weekly RSI: Neutral


• Monthly RSI: Neutral


• Weekly Bollinger Bands: Sideways


• Monthly Bollinger Bands: Mildly Bullish


• Weekly KST: Bullish


• Monthly KST: Bullish


• Weekly Dow Theory: Mildly Bearish


• Monthly Dow Theory: Mildly Bullish


• Weekly OBV: Mildly Bullish


• Monthly OBV: No Trend

Performance Comparison with Sensex:

• 1 Week: Hexaware -2.93%, Sensex -2.55%


• 1 Month: Hexaware -4.06%, Sensex -1.29%


• Year-to-Date: Hexaware -4.66%, Sensex -1.93%


• 5 Years: Hexaware +54.86%, Sensex +71.32%


• 10 Years: Hexaware +203.18%, Sensex +235.19%

Overall, the technical and fundamental data suggest that while Hexaware Technologies Ltd faces some short-term headwinds, its medium to long-term prospects remain promising, supported by solid momentum indicators and a recent upgrade in analyst sentiment.

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