Technical Trend Overview and Moving Averages
The stock currently trades at ₹272.65, slightly above its previous close of ₹270.45, with intraday highs reaching ₹273.60 and lows at ₹266.00. Over the past 52 weeks, Nazara Technologies has seen a high of ₹362.50 and a low of ₹221.50, indicating a wide trading range and significant volatility within the year.
Moving averages on the daily chart signal a mildly bearish trend, suggesting that short-term momentum remains under pressure. This is consistent with the stock’s recent sideways technical trend, which indicates a consolidation phase after prior declines. The mild bearishness in moving averages contrasts with some weekly and monthly indicators, highlighting a divergence in momentum across timeframes.
MACD and RSI Signals
The Moving Average Convergence Divergence (MACD) indicator presents a mixed picture. On a weekly basis, the MACD is mildly bullish, signalling potential upward momentum in the near term. However, the monthly MACD remains mildly bearish, reflecting longer-term caution among investors. This divergence suggests that while short-term buying interest may be emerging, the broader trend has yet to confirm a sustained recovery.
The Relative Strength Index (RSI) offers no clear signal on either the weekly or monthly charts, indicating a neutral momentum stance. The absence of RSI extremes suggests that the stock is neither overbought nor oversold, reinforcing the sideways trend narrative and the current equilibrium between buyers and sellers.
Bollinger Bands and KST Indicator
Bollinger Bands on the weekly chart are bullish, implying that price volatility is expanding with upward bias. On the monthly scale, the bands are mildly bullish, supporting the possibility of a gradual upward move over the medium term. Complementing this, the Know Sure Thing (KST) indicator is bullish on the weekly timeframe but mildly bearish monthly, again underscoring the mixed momentum signals across different periods.
Volume and Dow Theory Insights
Volume-based indicators provide additional nuance. The On-Balance Volume (OBV) shows no clear trend weekly but is mildly bullish monthly, suggesting that accumulation may be occurring over the longer term despite short-term volume indecision. Dow Theory assessments are mildly bullish on both weekly and monthly charts, indicating that the broader market sentiment towards Nazara Technologies is cautiously optimistic.
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Comparative Performance Against Sensex
Examining Nazara Technologies’ returns relative to the Sensex reveals a nuanced performance profile. Over the past week, the stock declined by 1.27%, while the Sensex edged up marginally by 0.02%. The one-month return for Nazara was down 1.8%, contrasting with a 2.15% gain in the Sensex. Year-to-date, Nazara’s return stands at -0.33%, outperforming the Sensex’s -2.26% decline.
Longer-term returns paint a more favourable picture for Nazara. Over the past year, the stock has surged 18.44%, significantly outpacing the Sensex’s 10.60% gain. The three-year return is even more impressive, with Nazara delivering a 104.58% increase compared to the Sensex’s 39.74%. These figures highlight the company’s strong growth trajectory over the medium to long term, despite recent short-term volatility.
Mojo Score and Market Capitalisation Grade
Nazara Technologies currently holds a Mojo Score of 43.0, which corresponds to a Sell rating, downgraded from a previous Hold on 12 January 2026. This downgrade reflects a reassessment of the stock’s risk-reward profile amid the mixed technical signals and recent price momentum shifts. The company’s Market Cap Grade is 3, indicating a mid-tier capitalisation status within its sector.
Sector and Industry Context
Operating within the Media & Entertainment sector, Nazara Technologies faces sector-specific headwinds and opportunities. The sector has been characterised by rapid technological change and evolving consumer preferences, which can amplify volatility in stock performance. Investors should weigh these sector dynamics alongside the technical indicators when considering exposure to Nazara.
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Investor Takeaway and Outlook
The technical landscape for Nazara Technologies Ltd is characterised by a delicate balance between bullish and bearish forces. The mildly bearish daily moving averages and monthly MACD caution against aggressive bullish bets, while weekly bullish signals from MACD, Bollinger Bands, KST, and Dow Theory suggest potential for upward momentum in the near term.
Investors should consider the sideways trend as a consolidation phase, potentially setting the stage for a breakout or breakdown depending on forthcoming market catalysts. The neutral RSI readings and mixed volume trends reinforce the need for vigilance and a measured approach.
Given the recent downgrade to a Sell rating by MarketsMOJO and the modest Mojo Score of 43.0, risk-averse investors may prefer to monitor the stock closely or explore alternative opportunities within the sector or broader market. Meanwhile, long-term holders can take some comfort from the stock’s strong multi-year returns relative to the Sensex, signalling underlying growth potential despite short-term fluctuations.
Summary of Key Technical Indicators:
- Daily Moving Averages: Mildly Bearish
- Weekly MACD: Mildly Bullish
- Monthly MACD: Mildly Bearish
- RSI (Weekly & Monthly): No Signal
- Bollinger Bands (Weekly): Bullish; (Monthly): Mildly Bullish
- KST (Weekly): Bullish; (Monthly): Mildly Bearish
- Dow Theory (Weekly & Monthly): Mildly Bullish
- OBV (Weekly): No Trend; (Monthly): Mildly Bullish
In conclusion, Nazara Technologies Ltd’s technical parameters reveal a stock in transition, with mixed signals demanding careful analysis. The interplay of bullish weekly indicators and bearish monthly trends suggests that investors should adopt a balanced stance, combining technical insights with fundamental considerations and sector outlooks to navigate the stock’s evolving momentum.
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