Triveni Engineering and Industries Ltd Faces Bearish Momentum Amid Technical Downgrade

Price Movement and Market Context

As of 14 January 2026, Triveni Engineering’s stock closed at ₹342.15, down 1.54% from the previous close of ₹347.50. The intraday range saw a high of ₹349.35 and a low of ₹342.15, indicating some volatility but an overall downward bias. The stock remains significantly below its 52-week high of ₹468.20, while comfortably above its 52-week low of ₹305.00, suggesting a wide trading band over the past year.

Comparatively, the stock’s returns have underperformed the benchmark Sensex across multiple time frames. Over the past week, Triveni Engineering declined by 8.47%, sharply underperforming the Sensex’s 1.69% fall. The one-month and year-to-date returns also reflect this trend, with the stock down 4.41% and 12.38% respectively, while the Sensex fell by 1.92% and 1.87% over the same periods. Even on a one-year basis, the stock posted an 11.92% loss, contrasting with the Sensex’s 9.56% gain. Longer-term returns remain positive, with a five-year gain of 368.70% and a ten-year surge of 544.96%, outperforming the Sensex’s respective 68.97% and 236.47% gains, but recent momentum has clearly faltered.

Technical Trend Shift: From Mildly Bearish to Bearish

The technical trend for Triveni Engineering has deteriorated from mildly bearish to outright bearish, signalling a more pronounced downtrend. This shift is corroborated by several key technical indicators across different time frames.

The Moving Averages on the daily chart are firmly bearish, with the stock trading below its short-term and medium-term averages. This indicates sustained selling pressure and a lack of immediate support from trend-following metrics.

On the weekly scale, the Moving Average Convergence Divergence (MACD) remains mildly bullish, suggesting some underlying positive momentum in the medium term. However, this is offset by the monthly MACD, which is mildly bearish, indicating that longer-term momentum is weakening. The divergence between weekly and monthly MACD readings highlights a conflict between short-term optimism and longer-term caution among investors.

Momentum Indicators Paint a Mixed Picture

The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, hovering in neutral territory. This suggests that the stock is neither overbought nor oversold, leaving room for further directional movement but no immediate reversal cues.

Bollinger Bands on both weekly and monthly time frames are bearish, indicating that price volatility is skewed towards the downside and the stock is trading near the lower band. This often signals increased selling pressure and potential continuation of the downtrend unless a strong reversal occurs.

The Know Sure Thing (KST) indicator presents a conflicting view: it is bullish on the weekly chart but bearish on the monthly chart. This divergence again highlights the tension between short-term positive momentum and longer-term weakness.

Volume and Market Sentiment Indicators

On-Balance Volume (OBV) is mildly bearish on the weekly scale and shows no clear trend monthly. This suggests that volume trends are not strongly supporting price advances, and selling volume may be outweighing buying interest in recent weeks.

Dow Theory assessments align with this cautious stance, showing a mildly bearish trend weekly and no definitive trend monthly. This lack of confirmation from a classical market theory perspective adds to the uncertainty surrounding the stock’s near-term direction.

Mojo Score and Grade Downgrade

Reflecting these technical developments, MarketsMOJO has downgraded Triveni Engineering’s Mojo Grade from Hold to Sell as of 29 December 2025. The current Mojo Score stands at 33.0, indicating weak technical health. The Market Cap Grade remains low at 3, underscoring limited market capitalisation strength relative to peers.

This downgrade signals that the stock is currently not favoured for accumulation and investors should exercise caution. The technical deterioration suggests that downside risks may persist in the near term, especially if the stock fails to reclaim key moving averages or improve momentum indicators.

Investment Implications and Outlook

Investors in Triveni Engineering and Industries Ltd should be mindful of the prevailing bearish technical signals and the recent downgrade in the Mojo Grade. The stock’s underperformance relative to the Sensex over short and medium-term periods highlights the challenges it faces amid sectoral and broader market pressures.

While the long-term returns remain impressive, the current technical landscape suggests that the stock may continue to face downward pressure in the near term. Key support levels near the 52-week low of ₹305.00 will be critical to monitor, as a breach could accelerate selling momentum.

Conversely, a sustained recovery above daily moving averages and a positive shift in monthly MACD and Bollinger Bands could signal a potential turnaround. Until such confirmation, a cautious stance is advisable.

Given the mixed signals from momentum and volume indicators, investors may consider waiting for clearer technical confirmation before initiating new positions. Those currently holding the stock should reassess their risk tolerance and consider portfolio diversification to mitigate downside risks.

Summary of Key Technical Indicators

• Daily Moving Averages: Bearish


• Weekly MACD: Mildly Bullish


• Monthly MACD: Mildly Bearish


• Weekly RSI: Neutral (No Signal)


• Monthly RSI: Neutral (No Signal)


• Weekly Bollinger Bands: Bearish


• Monthly Bollinger Bands: Bearish


• Weekly KST: Bullish


• Monthly KST: Bearish


• Weekly Dow Theory: Mildly Bearish


• Monthly Dow Theory: No Trend


• Weekly OBV: Mildly Bearish


• Monthly OBV: No Trend

In conclusion, Triveni Engineering and Industries Ltd’s technical profile has shifted towards a more bearish stance, reflected in its downgraded Mojo Grade and subdued price momentum. Investors should remain vigilant and consider alternative opportunities until the stock demonstrates a clear technical recovery.

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