Tribhovandas Bhimji Zaveri Ltd Technical Momentum Shifts Amid Mixed Market Signals

Technical Trend Overview and Price Momentum

As of 13 Feb 2026, TBZ’s share price closed at ₹164.00, slightly down by 0.36% from the previous close of ₹164.60. The stock’s 52-week high stands at ₹232.75, while the 52-week low is ₹147.05, indicating a wide trading range over the past year. The daily moving averages currently signal a bearish trend, reinforcing the recent technical downgrade from mildly bearish to bearish. This shift suggests increased selling pressure and a potential continuation of downward momentum in the near term.

On the weekly scale, the Moving Average Convergence Divergence (MACD) remains bearish, confirming the downward momentum, while the monthly MACD is mildly bearish, indicating some longer-term caution among investors. The weekly RSI, however, is bullish, suggesting that the stock may be oversold in the short term and could be poised for a technical rebound. Conversely, the monthly RSI shows no clear signal, reflecting indecision over the longer horizon.

Volatility and Trend Indicators

Bollinger Bands on both weekly and monthly charts are mildly bearish, signalling that price volatility remains elevated with a downward bias. The KST (Know Sure Thing) indicator aligns with this view, showing bearish momentum on the weekly chart and mildly bearish on the monthly chart. Dow Theory assessments also mirror this cautious stance, with mildly bearish signals on both weekly and monthly timeframes.

Interestingly, the On-Balance Volume (OBV) indicator on the weekly chart is mildly bullish, suggesting that despite price declines, there is some accumulation by investors, which could provide a foundation for a potential recovery. The monthly OBV, however, shows no definitive trend, underscoring the mixed technical landscape.

Comparative Performance and Market Context

When compared to the broader market, TBZ’s returns present a mixed picture. Over the past week, the stock outperformed the Sensex with a 4.26% gain versus the benchmark’s 0.43%. However, over the one-month period, TBZ declined by 1.47%, slightly worse than the Sensex’s 0.24% fall. Year-to-date, TBZ’s return is marginally negative at -0.24%, outperforming the Sensex’s -1.81% decline.

Longer-term returns reveal a more positive narrative. Over three years, TBZ has delivered a remarkable 120.58% return, significantly outpacing the Sensex’s 37.89%. Similarly, five-year returns of 102.97% surpass the Sensex’s 62.34%, though the 10-year return of 192.86% trails the Sensex’s 264.02%. This performance underscores TBZ’s resilience and growth potential within its sector despite recent technical headwinds.

Mojo Score and Analyst Ratings

MarketsMOJO assigns TBZ a Mojo Score of 51.0, reflecting a Hold rating, upgraded from a previous Sell rating on 12 Jan 2026. This upgrade indicates a cautious improvement in the company’s outlook, supported by a Market Cap Grade of 4, which suggests moderate market capitalisation strength within its sector. The Hold rating aligns with the mixed technical signals, recommending investors to maintain positions while monitoring for clearer directional cues.

Sectoral and Industry Considerations

Operating within the Gems, Jewellery and Watches sector, TBZ faces sector-specific challenges including fluctuating gold prices, consumer demand variability, and regulatory changes. The sector’s cyclical nature often results in volatile price movements, which are reflected in TBZ’s technical indicators. The mildly bearish monthly technicals suggest that broader sector headwinds may be influencing the stock’s performance, while the weekly bullish RSI hints at short-term buying interest possibly driven by seasonal demand or promotional campaigns.

Moving Averages and Momentum Indicators

Daily moving averages for TBZ are bearish, with the stock trading below its 50-day and 200-day moving averages, signalling a downtrend. This technical positioning often deters momentum investors and may lead to further selling pressure unless reversed by strong buying interest. The weekly MACD’s bearish stance reinforces this outlook, although the mildly bullish weekly OBV suggests some underlying support from volume.

The divergence between the weekly RSI and other bearish indicators could indicate a potential short-term correction or consolidation phase before the stock resumes its longer-term trend. Investors should watch for a crossover in the MACD or a break above key moving averages as confirmation of a trend reversal.

Investor Takeaways and Outlook

Tribhovandas Bhimji Zaveri Ltd’s current technical profile presents a complex scenario for investors. The bearish trend across multiple indicators such as MACD, moving averages, and Bollinger Bands suggests caution, especially for short-term traders. However, the weekly RSI and OBV’s mildly bullish signals imply that the stock may be nearing a support zone, potentially offering a tactical entry point for investors with a medium to long-term horizon.

Given the company’s strong historical returns over three and five years, alongside an improved Mojo Grade from Sell to Hold, TBZ remains a stock worth monitoring closely. Investors should consider the broader sector dynamics and watch for confirmation of trend reversals through technical indicators before committing additional capital.

In summary, while the technical momentum has shifted towards bearishness, selective accumulation on dips supported by volume could pave the way for a recovery phase. Prudence and disciplined risk management remain essential in navigating the stock’s near-term volatility.

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