Technical Momentum and Indicator Analysis
The stock closed at ₹187.95 on 5 Feb 2026, up from the previous close of ₹176.30, marking a significant intraday rise with a high of ₹187.95 and a low of ₹176.00. This price action signals a positive momentum shift, supported by daily moving averages that have turned mildly bullish. The moving averages indicate that short-term price trends are gaining strength, suggesting potential for further upward movement if sustained.
Examining the Moving Average Convergence Divergence (MACD) indicator reveals a nuanced picture. On a weekly basis, the MACD remains mildly bearish, indicating some caution among medium-term traders. However, the monthly MACD has turned bullish, signalling that longer-term momentum is improving. This divergence between weekly and monthly MACD readings suggests that while short-term volatility persists, the broader trend favours accumulation.
The Relative Strength Index (RSI) presents a mixed scenario. The weekly RSI currently offers no clear signal, hovering in a neutral zone that neither indicates overbought nor oversold conditions. Conversely, the monthly RSI is bearish, implying that the stock may be experiencing some downward pressure over the longer term or that momentum is slowing. Investors should monitor this closely as a sustained bearish RSI could temper enthusiasm.
Bollinger Bands add further context to the technical landscape. Weekly Bollinger Bands remain mildly bearish, reflecting recent price volatility and potential resistance near the upper band. In contrast, the monthly Bollinger Bands are bullish, consistent with the MACD monthly trend, suggesting that the stock’s price range is expanding favourably over the longer term.
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Additional Technical Indicators and Trend Assessment
The Know Sure Thing (KST) indicator, which helps identify major price cycles, remains mildly bearish on both weekly and monthly timeframes. This suggests that despite recent gains, the stock may still be in a consolidation phase or facing cyclical resistance. Meanwhile, the Dow Theory analysis shows no clear trend on either weekly or monthly charts, indicating that the stock has yet to establish a definitive directional pattern according to this classical method.
On-Balance Volume (OBV) data is currently unavailable, limiting insights into volume-driven momentum. However, the absence of a clear OBV trend means investors should rely more heavily on price and other technical indicators for decision-making.
Comparative Performance and Market Context
Shraddha Prime Projects Ltd’s recent price momentum is underscored by its impressive returns relative to the Sensex. Over the past week, the stock surged 7.8%, significantly outperforming the Sensex’s 1.79% gain. However, the one-month return shows a decline of 6.49%, slightly worse than the Sensex’s 2.27% drop, reflecting short-term volatility in the realty sector.
Year-to-date, the stock is down 4.08%, compared to the Sensex’s 1.65% decline, indicating some sector-specific headwinds. Yet, the one-year return is strikingly strong at 72.43%, dwarfing the Sensex’s 6.66% gain and highlighting the stock’s robust recovery and growth potential. Over longer horizons, Shraddha Prime’s returns are extraordinary, with a five-year gain of 8,928.17% and a ten-year return of 9,976.84%, compared to the Sensex’s 65.60% and 244.38% respectively. These figures underscore the company’s exceptional value creation over time.
The stock’s 52-week high stands at ₹258.90, while the low is ₹100.00, indicating a wide trading range and potential for volatility. The current price of ₹187.95 places it comfortably above the midpoint, suggesting a recovery phase but still below its peak, leaving room for upside if positive momentum continues.
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Mojo Score Upgrade and Market Implications
MarketsMOJO has upgraded Shraddha Prime Projects Ltd’s Mojo Grade from Hold to Buy as of 4 Feb 2026, reflecting improved technical and fundamental outlooks. The current Mojo Score stands at 72.0, signalling a favourable investment stance. The company holds a Market Cap Grade of 4, indicating a mid-cap status with moderate liquidity and market presence.
This upgrade aligns with the recent technical trend shift from mildly bearish to mildly bullish, reinforcing the notion that the stock is entering a phase of positive momentum. Investors should note that while some indicators remain cautious, the overall technical and fundamental signals support a constructive view on the stock’s near-term prospects.
Given the realty sector’s cyclical nature, the mixed signals from weekly and monthly indicators suggest that investors should remain vigilant for potential volatility. However, the strong long-term returns and recent price appreciation provide a compelling case for accumulation, particularly for those with a medium to long-term investment horizon.
Outlook and Investor Considerations
In summary, Shraddha Prime Projects Ltd is demonstrating a technical momentum shift that could herald further gains, supported by bullish monthly MACD and moving averages. The mixed RSI and KST readings warrant caution, but the overall trend upgrade and strong relative performance against the Sensex are encouraging.
Investors should monitor key technical levels, including the 52-week high of ₹258.90 as a potential resistance point and the recent support near ₹176.00. Sustained volume increases and confirmation from additional indicators such as OBV, once available, would strengthen the bullish case.
As always, diversification and risk management remain paramount, especially in the realty sector, which can be sensitive to macroeconomic factors and regulatory changes.
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