Technical Trend Overview
The recent change in Shraddha Prime’s technical trend from mildly bullish to sideways suggests a period of consolidation after previous upward momentum. The daily moving averages remain mildly bullish, indicating short-term strength, with the stock closing at ₹182.30, slightly above the previous close of ₹181.20. However, weekly and monthly indicators paint a more cautious outlook.
On the weekly scale, the Moving Average Convergence Divergence (MACD) is mildly bearish, signalling a potential weakening in upward momentum. This is corroborated by the monthly MACD, which also remains mildly bearish, suggesting that the longer-term trend is not yet firmly established in the bullish camp. The Relative Strength Index (RSI) adds further nuance: while the weekly RSI shows no clear signal, the monthly RSI is bearish, indicating that the stock may be entering an oversold or weakening phase over the longer term.
Bollinger Bands and KST Analysis
Bollinger Bands provide mixed signals for Shraddha Prime. On a weekly basis, the bands are mildly bearish, reflecting increased volatility and a potential downward pressure on price. Conversely, the monthly Bollinger Bands are bullish, suggesting that despite short-term fluctuations, the stock retains underlying strength over a longer horizon.
The Know Sure Thing (KST) indicator, which helps identify major price cycles, is mildly bearish on both weekly and monthly charts. This aligns with the MACD and RSI readings, reinforcing the notion that momentum is currently subdued and the stock may be in a phase of sideways movement or mild correction.
Additional Technical Signals
Other technical measures such as Dow Theory show no definitive trend on either weekly or monthly timeframes, indicating market indecision. The On-Balance Volume (OBV) data is not available for this analysis, limiting insights into volume-driven momentum. Nonetheless, the daily moving averages’ mild bullishness suggests that short-term investors may still find opportunities, albeit with caution.
Price Performance and Market Context
Shraddha Prime’s current price of ₹182.30 remains well below its 52-week high of ₹258.90 but comfortably above the 52-week low of ₹100.00, indicating a wide trading range over the past year. The stock’s recent weekly return of 1.28% slightly trails the Sensex’s 1.59% gain, while its one-month return of -13.5% significantly underperforms the Sensex’s -1.74%. Year-to-date, the stock has declined by 6.97%, compared to the Sensex’s 1.92% drop, reflecting sector-specific pressures or company-specific challenges.
However, the longer-term returns are impressive. Over one year, Shraddha Prime has surged 58.8%, vastly outperforming the Sensex’s 7.07% gain. Over five and ten years, the stock’s returns are extraordinary at 8,656.78% and 9,673.92% respectively, dwarfing the Sensex’s 64.75% and 239.52% gains. This highlights the company’s strong growth trajectory and resilience over the long term, despite recent technical headwinds.
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Mojo Score Upgrade and Market Capitalisation
MarketsMOJO has upgraded Shraddha Prime’s Mojo Grade from Hold to Buy as of 04 Feb 2026, reflecting improved confidence in the stock’s prospects. The company’s Mojo Score stands at a robust 72.0, signalling favourable fundamentals and technicals combined. The Market Cap Grade is rated 4, indicating a mid-cap status with reasonable liquidity and market presence.
This upgrade aligns with the stock’s recent technical developments and long-term performance, suggesting that while short-term momentum is mixed, the overall outlook remains constructive for investors with a medium to long-term horizon.
Implications for Investors
Investors should note the divergence between short-term and long-term technical indicators. The mildly bullish daily moving averages and the recent price uptick to ₹182.30 offer some near-term optimism. However, the weekly and monthly bearish signals from MACD, RSI, and KST caution against aggressive positioning at this stage.
Given the sideways trend and mixed momentum, a wait-and-watch approach may be prudent for risk-averse investors, while those with higher risk tolerance might consider selective accumulation on dips, especially given the company’s strong historical returns and recent Mojo Grade upgrade.
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Sector and Industry Context
Shraddha Prime operates within the realty sector, which has faced cyclical challenges amid fluctuating demand and regulatory changes. The company’s technical signals mirror broader sector trends, where volatility and consolidation phases are common. Investors should monitor sectoral developments alongside company-specific news to better gauge future price movements.
Comparatively, Shraddha Prime’s ability to maintain a Mojo Grade Buy and a strong Mojo Score amidst sector headwinds underscores its relative strength and potential to outperform peers as market conditions improve.
Conclusion
Shraddha Prime Projects Ltd’s recent technical momentum shift to a sideways trend, combined with mixed indicator signals, suggests a phase of consolidation. While short-term indicators like daily moving averages remain mildly bullish, weekly and monthly MACD, RSI, and KST readings point to caution. The company’s impressive long-term returns and recent Mojo Grade upgrade to Buy provide a solid foundation for investors considering medium to long-term exposure.
Careful monitoring of technical developments and sector dynamics will be essential for investors aiming to capitalise on potential opportunities while managing risk in this evolving market environment.
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