Kajaria Ceramics Ltd. Technical Momentum Shifts Amid Mixed Market Signals

Current Price Action and Market Context

The stock closed at ₹1,004.40 on 7 Jan 2026, up from the previous close of ₹982.50, marking a daily gain of 2.23%. The intraday range was relatively narrow, with a low of ₹981.45 and a high of ₹1,007.95. This price action comes against the backdrop of a 52-week high of ₹1,322.00 and a 52-week low of ₹745.00, indicating that while the stock has rebounded from lows, it remains well below its peak levels.

Comparatively, Kajaria Ceramics has outperformed the Sensex over the past week and year-to-date periods, with returns of 3.50% and 3.72% respectively, versus the Sensex’s 0.46% and -0.18%. However, over longer horizons such as one year, three years, five years, and ten years, the stock has underperformed the benchmark, delivering -9.92%, -13.48%, 41.43%, and 107.90% returns respectively, compared to the Sensex’s 9.10%, 42.01%, 76.57%, and 234.81%.

Technical Indicator Analysis: Momentum and Trend Signals

The technical landscape for Kajaria Ceramics is nuanced, with several indicators pointing to bearish momentum while others suggest mild bullishness on longer timeframes.

MACD (Moving Average Convergence Divergence): The weekly MACD remains bearish, indicating downward momentum in the near term. Conversely, the monthly MACD is mildly bullish, suggesting that longer-term momentum may still hold some upside potential. This divergence highlights a possible short-term correction within a longer-term uptrend.

RSI (Relative Strength Index): Both weekly and monthly RSI readings currently show no clear signal, hovering in neutral zones. This lack of extreme overbought or oversold conditions implies that the stock is not exhibiting strong momentum in either direction at these intervals.

Bollinger Bands: Weekly and monthly Bollinger Bands are mildly bearish, signalling that price volatility is skewed towards the downside. The stock price is likely trading near the lower band on these timeframes, which could indicate increased selling pressure or a consolidation phase.

Moving Averages: Daily moving averages are bearish, reinforcing the short-term downtrend. The stock is trading below key moving averages, which often act as resistance levels, suggesting that upward price momentum is currently limited.

KST (Know Sure Thing) Indicator: The weekly KST is bearish, aligning with the short-term negative momentum seen in other indicators. However, the monthly KST remains mildly bullish, reinforcing the notion of a longer-term positive trend that is currently facing short-term headwinds.

Dow Theory: Weekly readings are mildly bearish, indicating that the stock may be in a corrective phase within its broader trend. The monthly Dow Theory shows no clear trend, suggesting indecision or consolidation at higher timeframes.

On-Balance Volume (OBV): Both weekly and monthly OBV are mildly bearish, signalling that volume trends are not supporting strong price advances. This volume weakness could limit the sustainability of any upward price moves in the near term.

Technical Trend Shift and Mojo Ratings

The overall technical trend for Kajaria Ceramics has shifted from mildly bearish to bearish, reflecting a deterioration in short-term momentum and trend strength. This shift is corroborated by the daily moving averages and weekly momentum indicators.

MarketsMOJO’s latest assessment downgraded the stock’s Mojo Grade from Buy to Hold on 8 Dec 2025, with a current Mojo Score of 50.0. The Market Cap Grade stands at 3, indicating a mid-tier market capitalisation relative to peers. This rating change reflects the cautious stance warranted by the mixed technical signals and the recent momentum shift.

Investors should note that while the stock has shown resilience in the short term, the prevailing bearish technical signals suggest a need for prudence. The divergence between weekly and monthly indicators implies that any recovery may be gradual and subject to volatility.

Investment Implications and Outlook

Given the current technical configuration, Kajaria Ceramics appears to be navigating a phase of consolidation with a bearish tilt in the short term. The absence of strong RSI signals and the mildly bearish Bollinger Bands suggest limited immediate upside, while the bearish daily moving averages reinforce the need for caution.

However, the mildly bullish monthly MACD and KST indicators hint at a potential longer-term recovery, provided the stock can stabilise above key support levels and attract renewed buying interest. Investors should monitor volume trends closely, as the mildly bearish OBV readings indicate that sustained rallies will require stronger participation.

Comparing the stock’s returns with the Sensex over various periods reveals a pattern of underperformance over medium to long-term horizons, which may weigh on investor sentiment. The stock’s 1-year return of -9.92% contrasts with the Sensex’s 9.10%, while the 3-year and 10-year returns lag significantly behind the benchmark.

In summary, Kajaria Ceramics currently presents a mixed technical picture with a short-term bearish momentum shift set against a cautiously optimistic longer-term outlook. Investors should weigh these factors carefully, considering both the technical signals and fundamental context before making allocation decisions.

Summary of Key Technical Metrics:

• Current Price: ₹1,004.40


• Daily Change: +2.23%


• MACD: Weekly Bearish, Monthly Mildly Bullish


• RSI: Neutral (Weekly & Monthly)


• Bollinger Bands: Mildly Bearish (Weekly & Monthly)


• Moving Averages: Daily Bearish


• KST: Weekly Bearish, Monthly Mildly Bullish


• Dow Theory: Weekly Mildly Bearish, Monthly No Trend


• OBV: Mildly Bearish (Weekly & Monthly)


• Mojo Grade: Hold (Downgraded from Buy on 8 Dec 2025)


• Mojo Score: 50.0

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