Thangamayil Jewellery Ltd Sees Bullish Momentum Shift Amid Strong Technical Signals

Price Momentum and Daily Performance

On 25 Feb 2026, Thangamayil Jewellery Ltd closed at ₹3,743.25, marking a robust 4.13% gain from the previous close of ₹3,594.75. The intraday range was broad, with a low of ₹3,564.75 and a high of ₹3,820.00, reflecting heightened volatility and buying interest. The stock remains comfortably below its 52-week high of ₹4,138.15 but well above the 52-week low of ₹1,526.45, underscoring a strong recovery trajectory over the past year.

Technical Trend Upgrade: From Mildly Bullish to Bullish

The technical trend for Thangamayil Jewellery has recently upgraded from mildly bullish to bullish, signalling a more confident market stance. This upgrade is supported by the daily moving averages, which are firmly bullish, indicating that short-term price momentum is aligned with longer-term trends. The stock’s moving averages have crossed key resistance levels, providing a solid foundation for further upside.

MACD and RSI Analysis

The Moving Average Convergence Divergence (MACD) indicator presents a nuanced picture. On a weekly basis, the MACD remains mildly bearish, suggesting some short-term caution among traders. However, the monthly MACD has turned bullish, signalling that the longer-term momentum is gaining strength. This divergence between weekly and monthly MACD readings often precedes sustained upward moves as short-term consolidation gives way to broader market confidence.

The Relative Strength Index (RSI) currently shows no definitive signal on both weekly and monthly charts, hovering in neutral territory. This lack of overbought or oversold conditions implies that the stock has room to run without immediate risk of a technical pullback, which is favourable for investors seeking steady gains.

Bollinger Bands and KST Indicators

Bollinger Bands on both weekly and monthly timeframes are bullish, indicating that price volatility is expanding upwards and the stock is trending near the upper band. This suggests strong buying pressure and potential continuation of the rally. Meanwhile, the Know Sure Thing (KST) indicator shows a mildly bearish stance on the weekly chart but a bullish signal on the monthly chart, reinforcing the theme of short-term consolidation within a longer-term uptrend.

On-Balance Volume and Dow Theory Signals

The On-Balance Volume (OBV) indicator shows no clear trend on either weekly or monthly charts, suggesting that volume has not decisively confirmed price moves recently. However, Dow Theory assessments are mildly bullish on the weekly timeframe and bullish on the monthly, indicating that the broader market structure supports the stock’s upward momentum. This alignment with Dow Theory principles adds confidence to the bullish technical narrative.

Comparative Returns Versus Sensex

Thangamayil Jewellery Ltd’s price performance has significantly outpaced the Sensex across multiple time horizons. Over the past week, the stock returned 1.41% compared to the Sensex’s decline of 1.47%. Over one month, the stock surged 4.69% while the Sensex gained a modest 0.84%. Year-to-date, the stock has soared 16.35%, contrasting with the Sensex’s negative 3.51% return.

Longer-term returns are even more striking. Over one year, Thangamayil Jewellery delivered an extraordinary 140.08% gain versus the Sensex’s 10.44%. Over three years, the stock’s return of 664.27% dwarfs the Sensex’s 38.28%, and over five years, the stock has appreciated 1,132.51% compared to the Sensex’s 61.92%. The ten-year return is a remarkable 4,053.77%, vastly outperforming the Sensex’s 256.13%. These figures highlight the company’s exceptional growth and resilience within the Gems, Jewellery And Watches sector.

Mojo Score Upgrade and Market Capitalisation Grade

Reflecting the positive technical and fundamental outlook, MarketsMOJO has upgraded Thangamayil Jewellery Ltd’s Mojo Grade from Buy to Strong Buy as of 24 Feb 2026. The company’s Mojo Score stands at a robust 84.0, signalling strong conviction among analysts. The market capitalisation grade is rated 3, indicating a mid-cap status with considerable growth potential. This upgrade underscores the stock’s improved risk-reward profile and technical momentum.

Sector Context and Investment Implications

Within the Gems, Jewellery And Watches sector, Thangamayil Jewellery Ltd stands out for its technical resilience and strong price momentum. The bullish monthly MACD and moving averages suggest that the stock is well-positioned to capitalise on sector tailwinds, including rising consumer demand and festive season buying trends. While weekly indicators show some short-term caution, the absence of RSI extremes and the bullish Bollinger Bands support a continuation of the upward trend.

Investors should note the stock’s current price of ₹3,743.25 remains below its 52-week high, offering potential upside room. The strong relative performance against the Sensex over multiple periods further validates the stock’s leadership within its industry. However, the mildly bearish weekly MACD and KST indicators advise monitoring for short-term volatility and possible consolidation phases.

Conclusion: A Bullish Technical Outlook with Strong Fundamentals

Thangamayil Jewellery Ltd’s recent technical parameter changes reflect a clear shift towards a bullish momentum phase. The combination of a Strong Buy Mojo Grade, robust price gains, and supportive monthly technical indicators positions the stock favourably for investors seeking growth in the Gems, Jewellery And Watches sector. While short-term signals warrant caution, the overall trend and fundamental backdrop suggest that Thangamayil Jewellery is primed for continued appreciation.

Market participants should consider this stock as a compelling candidate for portfolios focused on mid-cap growth opportunities with strong technical validation and sector leadership.

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