TCI Express Ltd Faces Bearish Momentum Amid Technical Downturn

Price Movement and Market Context

On 3 February 2026, TCI Express Ltd closed at ₹509.75, down 4.45% from the previous close of ₹533.50. The intraday range saw a high of ₹525.00 and a low of ₹503.10, indicating heightened volatility. The stock remains significantly below its 52-week high of ₹870.00, while hovering just above its 52-week low of ₹481.40. This wide trading range underscores the stock’s recent weakness and investor caution.

Comparatively, the broader Sensex index has shown resilience, with a 1-week return of 0.16%, while TCI Express outperformed marginally with a 2.13% gain over the same period. However, longer-term returns paint a starkly different picture. Over one month, the stock declined by 13.34%, far exceeding the Sensex’s 4.78% drop. Year-to-date, TCI Express is down 10.6%, compared to the Sensex’s 4.17% loss. The one-year return is particularly concerning, with the stock plunging 34.65% while the Sensex gained 5.37%. Over three and five years, the stock has suffered losses of 64.83% and 43.81% respectively, contrasting sharply with the Sensex’s robust gains of 36.26% and 64.00% over the same periods.

Technical Indicators Signal Bearish Momentum

The technical trend for TCI Express has shifted from mildly bearish to outright bearish, reflecting a deterioration in price momentum. The Moving Average Convergence Divergence (MACD) indicator presents a mixed picture: the weekly MACD is bearish, signalling downward momentum in the short term, while the monthly MACD remains mildly bullish, suggesting some longer-term support. However, the prevailing weekly bearishness is more indicative of immediate market sentiment.

The Relative Strength Index (RSI) offers no clear signal on either the weekly or monthly charts, hovering in a neutral zone that neither confirms oversold nor overbought conditions. This lack of directional RSI signal implies that the stock could continue to trend lower without immediate relief from a technical bounce.

Bollinger Bands reinforce the bearish outlook, with both weekly and monthly readings indicating downward pressure. The price is trading near the lower band, which often signals increased volatility and potential continuation of the downtrend rather than a reversal.

Daily moving averages are firmly bearish, with the stock price below key averages such as the 50-day and 200-day moving averages. This alignment confirms the prevailing negative momentum and suggests that any rallies may face resistance near these levels.

Additional Technical Signals and Market Sentiment

The Know Sure Thing (KST) indicator aligns with the MACD’s mixed signals: weekly KST is bearish, while monthly KST remains mildly bullish. This divergence highlights the tension between short-term selling pressure and longer-term accumulation or consolidation phases.

Other technical tools such as Dow Theory, On-Balance Volume (OBV), and volume-based indicators show no definitive trend on weekly or monthly timeframes, indicating a lack of strong conviction among traders and investors. This absence of volume confirmation often precedes further price weakness or sideways consolidation.

Mojo Score and Analyst Ratings

TCI Express currently holds a Mojo Score of 31.0, categorised as a Sell rating, downgraded from Hold on 30 January 2023. This downgrade reflects the deteriorating technical and fundamental outlook. The company’s Market Cap Grade stands at 3, indicating a small-cap status with limited market liquidity and higher volatility risk.

The downgrade is consistent with the technical signals and price action, suggesting that investors should exercise caution. The bearish technical trend and weak relative performance against the Sensex reinforce the negative sentiment surrounding the stock.

Sector and Industry Context

Operating within the Transport Services sector, TCI Express faces headwinds from subdued demand and rising operational costs. The sector has seen mixed performance, with some companies benefiting from increased logistics demand while others struggle with margin pressures. TCI Express’s technical weakness may reflect company-specific challenges as well as broader sectoral uncertainties.

Investors should weigh these factors carefully, considering alternative opportunities within the sector that may offer better risk-adjusted returns.

Investor Takeaway and Outlook

Given the current technical landscape, TCI Express Ltd appears to be in a bearish phase with limited near-term upside. The convergence of bearish weekly MACD, declining moving averages, and negative Bollinger Band signals suggests that the stock may continue to face selling pressure. The absence of strong volume confirmation and neutral RSI readings imply that any short-term rallies could be muted and potentially short-lived.

Longer-term investors should be mindful of the stock’s poor relative returns compared to the Sensex and the downgrade in analyst sentiment. While the monthly MACD and KST indicators offer a glimmer of mild bullishness, these are insufficient to offset the dominant bearish signals on shorter timeframes.

In this context, investors may prefer to monitor the stock for signs of technical stabilisation or improvement in fundamental metrics before considering fresh exposure. Meanwhile, exploring better-rated alternatives within the transport services sector or other industries could provide more attractive risk-reward profiles.

Summary of Key Technical Metrics:

• Current Price: ₹509.75 (down 4.45% on 3 Feb 2026)
• 52-Week Range: ₹481.40 - ₹870.00
• MACD: Weekly Bearish, Monthly Mildly Bullish
• RSI: Neutral (No Signal) on Weekly and Monthly
• Bollinger Bands: Bearish on Weekly and Monthly
• Moving Averages: Daily Bearish (below 50-day and 200-day)
• KST: Weekly Bearish, Monthly Mildly Bullish
• Dow Theory, OBV: No clear trend
• Mojo Score: 31.0 (Sell), downgraded from Hold on 30 Jan 2023

Investors should remain cautious and consider the broader market context and sector dynamics before making investment decisions related to TCI Express Ltd.

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