TD Power Systems Ltd Sees Bullish Momentum Shift Amid Strong Technical Signals

Technical Trend Evolution and Price Action

TD Power Systems Ltd (NSE: TDPS) closed at ₹821.20 on 5 Feb 2026, marking a modest gain of 0.58% from the previous close of ₹816.50. The stock traded within a range of ₹796.90 to ₹829.00 during the session, inching closer to its 52-week high of ₹850.05. This price action reflects sustained buying interest, particularly as the stock remains well above its 52-week low of ₹292.85, underscoring a strong recovery trajectory over the past year.

The technical trend has upgraded from mildly bullish to bullish, indicating a strengthening momentum. This is corroborated by the daily moving averages, which currently signal a bullish stance, suggesting that short-term price averages are trending upwards and supporting further gains.

MACD and Momentum Indicators

The Moving Average Convergence Divergence (MACD) indicator presents a nuanced picture. On the weekly chart, the MACD remains mildly bearish, reflecting some short-term consolidation or profit-taking. However, the monthly MACD is bullish, signalling that the longer-term momentum remains firmly positive. This divergence suggests that while short-term fluctuations may occur, the broader trend favours upward movement.

Complementing this, the Know Sure Thing (KST) indicator is mildly bearish on the weekly timeframe but bullish on the monthly, reinforcing the notion of short-term caution amid a robust long-term uptrend.

RSI and Bollinger Bands Analysis

The Relative Strength Index (RSI) currently shows no definitive signal on both weekly and monthly charts, indicating that the stock is neither overbought nor oversold. This neutral RSI reading suggests room for further price appreciation without immediate risk of a reversal due to overextension.

Bollinger Bands, however, are bullish on both weekly and monthly timeframes. The stock price is trading near the upper band, which often indicates strong buying pressure and potential continuation of the upward trend. This technical setup supports the bullish momentum narrative.

Volume and Dow Theory Signals

On-Balance Volume (OBV) readings are bullish across weekly and monthly charts, signalling that volume trends are confirming price advances. This volume confirmation is critical as it validates the strength behind the price moves, reducing the likelihood of a false breakout.

Dow Theory assessments are mildly bullish on the weekly chart but mildly bearish on the monthly, reflecting some mixed signals in the intermediate term. Nonetheless, the overall technical consensus leans towards a positive outlook.

Mojo Score Upgrade and Market Capitalisation Insights

MarketsMOJO has upgraded TD Power Systems Ltd’s Mojo Grade from 'Hold' to 'Buy' as of 4 Feb 2026, reflecting improved technical and fundamental parameters. The company’s Mojo Score stands at a robust 71.0, indicating strong overall quality and momentum. The market cap grade is 3, placing it comfortably within the mid-cap segment of the Heavy Electrical Equipment sector.

This upgrade is significant as it signals a shift in analyst sentiment, encouraging investors to consider the stock for accumulation based on its improving technical profile and sector positioning.

Comparative Returns Against Sensex Benchmark

TD Power Systems Ltd has outperformed the benchmark Sensex index substantially across multiple time horizons. Over the past week, the stock surged 25.36%, dwarfing the Sensex’s 1.79% gain. Over one month, the stock returned 19.53% while the Sensex declined by 2.27%. Year-to-date, TD Power Systems has gained 17.06% compared to a 1.65% drop in the Sensex.

Longer-term returns are even more impressive, with a one-year return of 123.30% versus Sensex’s 6.66%, a three-year return of 540.06% against 37.76%, and a five-year return of 2595.99% compared to 65.60% for the Sensex. Even over a decade, the stock has delivered a remarkable 1486.55% gain, underscoring its exceptional growth trajectory within the Heavy Electrical Equipment sector.

Moving Averages and Price Momentum

The daily moving averages are firmly bullish, with the stock price consistently trading above its short-term and medium-term averages. This alignment suggests sustained upward momentum and a positive outlook for near-term price appreciation. The convergence of moving averages further supports the technical upgrade and indicates reduced volatility risk.

Investors should note that the stock’s proximity to its 52-week high of ₹850.05 presents both an opportunity and a cautionary level. A breakout above this resistance could trigger further gains, while failure to breach may lead to consolidation.

Sector Context and Investment Considerations

Operating within the Heavy Electrical Equipment sector, TD Power Systems Ltd benefits from robust industrial demand and infrastructure development trends. The sector’s cyclical nature means that technical momentum shifts often presage fundamental improvements, making the current bullish signals particularly noteworthy.

Investors should weigh the strong technical backdrop against broader market conditions and sector-specific risks, including raw material price volatility and regulatory changes. However, the stock’s superior relative performance and technical upgrades provide a compelling case for inclusion in growth-oriented portfolios.

Summary and Outlook

In summary, TD Power Systems Ltd’s recent technical parameter changes reflect a clear shift towards bullish momentum. The combination of a bullish daily moving average, positive monthly MACD, and supportive Bollinger Bands, alongside volume confirmation via OBV, paints a favourable picture for the stock’s near-term trajectory.

The upgrade in Mojo Grade to 'Buy' and a strong Mojo Score of 71.0 further validate this positive outlook. While some weekly indicators suggest short-term caution, the dominant monthly signals and impressive relative returns versus the Sensex underscore the stock’s potential as a mid-cap growth candidate in the Heavy Electrical Equipment sector.

Investors seeking exposure to a technically sound and fundamentally supported stock may find TD Power Systems Ltd an attractive proposition, especially as it approaches key resistance levels near its 52-week high.

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