Kajaria Ceramics Ltd. Technical Momentum Shifts Amid Bearish Signals

Current Price and Market Context

As of 17 Feb 2026, Kajaria Ceramics is trading at ₹930.00, down 1.15% from the previous close of ₹940.85. The stock’s intraday range has been between ₹917.55 and ₹938.00, reflecting moderate volatility. It remains significantly below its 52-week high of ₹1,322.00, while comfortably above the 52-week low of ₹745.00. This price positioning suggests a consolidation phase with downward pressure in the near term.

Technical Trend Overview

The technical trend for Kajaria Ceramics has shifted from mildly bearish to bearish, signalling increased selling momentum. This is corroborated by the daily moving averages, which currently indicate a bearish stance. The stock’s short-term momentum appears weak, with the moving averages suggesting resistance to upward price movement.

MACD and Momentum Indicators

The Moving Average Convergence Divergence (MACD) indicator presents a bearish outlook on both weekly and monthly timeframes. The weekly MACD remains below its signal line, confirming short-term downward momentum, while the monthly MACD also aligns with a bearish trend, indicating sustained pressure over a longer horizon. This dual timeframe bearishness suggests that the stock may face continued challenges in regaining upward momentum.

Relative Strength Index (RSI) Signals

Contrasting the MACD, the weekly RSI for Kajaria Ceramics is bullish, implying some short-term buying interest or oversold conditions that could prompt a rebound. However, the monthly RSI does not currently provide a clear signal, indicating a lack of strong directional conviction over the longer term. This divergence between weekly and monthly RSI readings highlights a complex momentum picture, where short-term optimism is tempered by longer-term uncertainty.

Bollinger Bands and Volatility

Bollinger Bands on the weekly chart are bearish, with the price trending near the lower band, suggesting increased volatility and potential downside risk. The monthly Bollinger Bands are mildly bearish, indicating that while volatility is elevated, the longer-term price range remains somewhat stable. This pattern often precedes a period of consolidation or further downside if support levels fail to hold.

KST and Dow Theory Perspectives

The Know Sure Thing (KST) indicator shows a bearish signal on the weekly timeframe but mildly bullish on the monthly scale. This mixed reading suggests that while short-term momentum is weakening, there may be some underlying strength in the broader trend. Similarly, Dow Theory assessments reveal a mildly bullish weekly outlook but a mildly bearish monthly stance, reinforcing the notion of short-term resilience amid longer-term caution.

On-Balance Volume (OBV) and Market Participation

OBV analysis indicates no clear trend on the weekly chart, reflecting indecision among traders and investors. On the monthly chart, OBV is mildly bearish, signalling that volume trends are not supporting price advances and that selling pressure may be gradually increasing. This volume behaviour aligns with the overall cautious technical stance.

Comparative Performance Against Sensex

Examining Kajaria Ceramics’ returns relative to the Sensex provides additional context. Over the past week, the stock has declined by 2.68%, underperforming the Sensex’s 0.94% drop. The one-month return shows a sharper decline of 6.98% versus a marginal 0.35% fall in the Sensex. Year-to-date, Kajaria Ceramics is down 3.97%, lagging behind the Sensex’s 2.28% decline. Over the one-year horizon, the stock has gained 2.48%, but this pales in comparison to the Sensex’s robust 9.66% advance.

Longer-term returns further highlight the stock’s underperformance. Over three years, Kajaria Ceramics has lost 13.71%, while the Sensex surged 35.81%. Five-year returns show a 4.65% decline for the stock against a 59.83% gain for the benchmark. Even over a decade, despite a 109.27% appreciation, the stock trails the Sensex’s 259.08% rise. These figures underscore the challenges Kajaria Ceramics faces in delivering market-beating returns.

Mojo Score and Grade Revision

Kajaria Ceramics currently holds a Mojo Score of 50.0, reflecting a neutral stance in terms of fundamental and technical quality. The Mojo Grade was downgraded from Buy to Hold on 8 Dec 2025, signalling a more cautious outlook by MarketsMOJO analysts. The Market Cap Grade stands at 3, indicating a mid-tier market capitalisation relative to peers in the diversified consumer products sector.

Implications for Investors

The convergence of bearish technical signals across multiple indicators suggests that Kajaria Ceramics may face continued headwinds in the near term. The bearish MACD and moving averages, combined with weak volume trends, point to a potential continuation of downward pressure. However, the weekly RSI’s bullish signal and mildly bullish KST and Dow Theory readings on the weekly scale offer some hope for short-term rebounds or consolidation phases.

Investors should weigh these mixed signals carefully, considering the stock’s historical underperformance relative to the Sensex and the recent downgrade in its Mojo Grade. The current price level near ₹930.00, well below the 52-week high, may offer some value for long-term investors with a higher risk tolerance, but caution is advised given the prevailing technical weakness.

Summary and Outlook

Kajaria Ceramics Ltd. is currently navigating a challenging technical landscape, with key momentum indicators signalling bearish trends on weekly and monthly timeframes. The downgrade in Mojo Grade to Hold reflects a tempered outlook from analysts, while the stock’s relative underperformance against the Sensex over multiple periods highlights the need for cautious positioning.

Short-term bullish signals such as the weekly RSI and mildly bullish weekly KST and Dow Theory readings suggest potential for limited rebounds or consolidation. However, the dominant bearish MACD, moving averages, and volume trends caution against aggressive accumulation at this stage.

Investors should monitor key support levels near the recent lows and watch for any shifts in volume or momentum indicators that could signal a reversal. Given the mixed technical signals and fundamental considerations, a Hold rating appears prudent until clearer directional confirmation emerges.

Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →