Price Momentum and Recent Market Performance
On 10 Feb 2026, TBZ closed at ₹167.50, up from the previous close of ₹161.35, marking a robust daily gain of 3.81%. The intraday range saw a low of ₹162.95 and a high of ₹173.35, indicating heightened volatility and buying interest. Despite this short-term strength, the stock remains well below its 52-week high of ₹232.75, while comfortably above its 52-week low of ₹147.05.
When viewed against the Sensex, TBZ’s returns present a mixed picture. Over the past week, TBZ outperformed significantly with an 11.78% gain compared to Sensex’s 2.94%. However, over the one-month horizon, the stock slightly declined by 0.50%, while the Sensex rose 0.59%. Year-to-date, TBZ has gained 1.89%, outperforming the Sensex’s negative 1.36%. On a longer-term basis, the stock has underperformed the benchmark over the last year (-9.46% vs. +7.97%), but has delivered impressive returns over three and five years, with 121.27% and 107.69% respectively, well ahead of Sensex’s 38.25% and 63.78%. The 10-year return, however, lags the Sensex (156.12% vs. 249.97%).
Technical Trend Shift: From Bearish to Mildly Bearish
The overall technical trend for TBZ has shifted from a bearish stance to mildly bearish, signalling a tentative improvement but still cautioning investors. This nuanced change reflects a market in transition, where short-term optimism is tempered by longer-term uncertainties.
On the daily chart, moving averages remain mildly bearish, indicating that the stock price is still below key averages or that short-term averages are below longer-term ones. This suggests that while recent price gains are encouraging, the broader trend has yet to confirm a sustained uptrend.
Just made the cut! This Mid Cap from the Heavy Electrical Equipment sector entered our elite Top 1% list recently. Discover it before the crowd catches on!
- - Top-rated across platform
- - Strong price momentum
- - Near-term growth potential
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator presents a mixed scenario. On the weekly timeframe, MACD is mildly bullish, suggesting some positive momentum building in the near term. This is often interpreted as a signal that the stock could be entering a phase of upward price movement. However, on the monthly chart, MACD remains mildly bearish, indicating that the longer-term momentum is still under pressure.
This divergence between weekly and monthly MACD readings highlights the stock’s current technical uncertainty, where short-term gains may not yet be supported by a sustained long-term trend reversal.
RSI and Overbought/Oversold Conditions
The Relative Strength Index (RSI) on both weekly and monthly charts shows no clear signal, hovering in neutral territory. This suggests that TBZ is neither overbought nor oversold, implying that the stock price has room to move in either direction without immediate risk of a sharp reversal due to extreme conditions.
Bollinger Bands and Volatility
Bollinger Bands on both weekly and monthly timeframes are mildly bearish, indicating that the stock price is closer to the lower band or that volatility is increasing with a downward bias. This could signal potential pressure on prices if the stock fails to sustain recent gains, but also suggests that volatility might present trading opportunities for nimble investors.
Other Technical Indicators: KST, Dow Theory, OBV
The Know Sure Thing (KST) indicator is bearish on the weekly chart and mildly bearish on the monthly, reinforcing the cautious stance. Dow Theory assessments align with this view, showing mildly bearish trends on both weekly and monthly scales. Meanwhile, On-Balance Volume (OBV) shows no clear trend on either timeframe, indicating that volume flow is not decisively supporting price moves.
Mojo Score and Market Capitalisation Grade
MarketsMOJO assigns TBZ a Mojo Score of 57.0, categorising it as a Hold with an upgraded grade from Sell on 12 Jan 2026. This reflects a moderate improvement in the stock’s technical and fundamental outlook. The Market Cap Grade stands at 4, indicating a mid-tier valuation relative to peers.
Investment Implications and Outlook
Investors should note that while TBZ has demonstrated strong short-term price momentum, especially over the past week, the mixed technical signals advise caution. The mildly bearish longer-term indicators suggest that the stock has yet to confirm a sustainable uptrend. The absence of strong RSI signals and neutral OBV trends further imply that volume and momentum are not yet decisively favouring bulls.
Given the stock’s historical outperformance over three and five years relative to the Sensex, TBZ remains an attractive candidate for investors with a medium to long-term horizon. However, the recent technical shift calls for close monitoring of moving averages and MACD crossovers to confirm any trend reversals.
Holding Tribhovandas Bhimji Zaveri Ltd from Gems, Jewellery And Watches? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
Comparative Sector and Industry Context
Within the Gems, Jewellery and Watches sector, TBZ’s technical profile is reflective of broader market dynamics, where consumer discretionary stocks face headwinds from fluctuating demand and input cost pressures. The stock’s recent mild technical improvement may be linked to seasonal buying trends and improving consumer sentiment, but investors should weigh these against macroeconomic factors such as inflation and interest rate outlooks.
Sector peers have shown varied technical patterns, with some outperforming on momentum indicators while others remain under pressure. TBZ’s upgraded Mojo Grade from Sell to Hold indicates a relative improvement in its positioning, but the Hold rating suggests that investors should remain selective and vigilant.
Summary of Key Technical Metrics
- Current Price: ₹167.50 (10 Feb 2026)
- Daily Change: +3.81%
- 52-Week Range: ₹147.05 - ₹232.75
- MACD: Weekly Mildly Bullish, Monthly Mildly Bearish
- RSI: Neutral on Weekly and Monthly
- Bollinger Bands: Mildly Bearish on Weekly and Monthly
- Moving Averages: Daily Mildly Bearish
- KST: Weekly Bearish, Monthly Mildly Bearish
- Dow Theory: Mildly Bearish on Weekly and Monthly
- OBV: No clear trend
- Mojo Score: 57.0 (Hold, upgraded from Sell on 12 Jan 2026)
- Market Cap Grade: 4
Conclusion
Tribhovandas Bhimji Zaveri Ltd’s recent technical parameter changes reflect a stock in transition, with short-term bullish momentum tempered by longer-term caution. The mixed signals from MACD, RSI, moving averages, and other indicators suggest that while the stock has potential for near-term gains, investors should remain prudent and monitor key technical levels closely. The upgraded Mojo Grade to Hold signals improving fundamentals and technicals, but the absence of strong bullish confirmation advises a balanced approach.
For investors seeking exposure to the Gems, Jewellery and Watches sector, TBZ offers a blend of historical outperformance and current technical uncertainty, making it suitable for those with a moderate risk appetite and a medium-term investment horizon.
Unlock special upgrade rates for a limited period. Start Saving Now →
