Triveni Turbine Ltd. Shows Mixed Technical Signals Amid Price Momentum Shift

Price Momentum and Recent Market Performance

On 1 February 2026, Triveni Turbine’s stock closed at ₹498.15, marking a 3.14% increase from the previous close of ₹483.00. The intraday range saw a low of ₹474.40 and a high of ₹506.00, reflecting heightened volatility. Despite this short-term uptick, the stock remains well below its 52-week high of ₹704.20, though comfortably above its 52-week low of ₹454.40.

Examining returns relative to the benchmark Sensex reveals a mixed picture. Over the past week, Triveni Turbine outperformed the Sensex with a 7.52% gain compared to the index’s 0.90%. However, over the one-month and year-to-date periods, the stock underperformed, declining 6.42% and 7.42% respectively, while the Sensex fell by 2.84% and 3.46%. The longer-term trend remains robust, with a three-year return of 88.19% versus Sensex’s 38.27%, and an impressive five-year return of 494.81% compared to the Sensex’s 77.74%. Even over a decade, the stock has delivered a 400.15% return, significantly outpacing the Sensex’s 230.79%.

Technical Trend Shift: From Bearish to Mildly Bearish

Technical analysis indicates that Triveni Turbine’s trend has shifted from a strongly bearish stance to a mildly bearish one. This subtle improvement suggests that while downward pressure persists, the intensity has lessened, potentially signalling a consolidation phase or a base-building period before a possible recovery.

The Moving Averages on the daily chart remain bearish, indicating that the stock price is trading below key averages such as the 50-day and 200-day moving averages. This typically reflects ongoing selling pressure and a cautious market sentiment. However, the weekly and monthly indicators provide a more nuanced view.

MACD and RSI: Divergent Signals

The Moving Average Convergence Divergence (MACD) indicator remains bearish on the weekly timeframe, signalling that momentum is still tilted towards sellers in the near term. On the monthly chart, however, the MACD is mildly bearish, suggesting that the longer-term momentum is stabilising but not yet decisively bullish.

Relative Strength Index (RSI) readings further complicate the picture. The weekly RSI shows no clear signal, hovering in a neutral zone that neither indicates overbought nor oversold conditions. Conversely, the monthly RSI is bullish, implying that on a longer horizon, the stock may be gaining strength and could be poised for an upward move if other conditions align.

Bollinger Bands and KST: Mixed Momentum Indicators

Bollinger Bands, which measure volatility and price levels relative to recent averages, show a mildly bearish stance on the weekly chart and a bearish stance on the monthly chart. This suggests that the stock price is currently closer to the lower band, indicating potential undervaluation but also persistent downward pressure.

The Know Sure Thing (KST) indicator, a momentum oscillator, presents a mildly bullish signal on the weekly timeframe, hinting at a possible short-term recovery or at least a pause in the downtrend. However, on the monthly scale, KST remains mildly bearish, reinforcing the notion that longer-term momentum has yet to fully turn positive.

Volume and Dow Theory Analysis

On-Balance Volume (OBV) analysis reveals no clear trend on the weekly chart, indicating that volume is not decisively supporting either buying or selling pressure in the short term. The monthly OBV is mildly bullish, suggesting that accumulation may be occurring over a longer period, which could underpin a future price advance.

Dow Theory assessments align with the broader technical picture, showing mildly bearish trends on both weekly and monthly charts. This reflects a cautious market consensus that while the stock is not in a strong downtrend, it has yet to establish a confirmed uptrend.

Mojo Score Upgrade and Market Capitalisation Context

Reflecting these technical developments, MarketsMOJO upgraded Triveni Turbine’s Mojo Grade from Sell to Hold on 30 January 2026, assigning a neutral Mojo Score of 50.0. The company’s Market Cap Grade stands at 3, indicating a mid-tier market capitalisation within its sector. This upgrade suggests that while the stock is not yet a compelling buy, it has improved sufficiently to warrant cautious optimism among investors.

Given the stock’s mixed technical signals and recent price momentum, investors should weigh the potential for short-term volatility against the longer-term strength demonstrated by its multi-year returns. The heavy electrical equipment sector remains competitive, and Triveni Turbine’s performance relative to the Sensex highlights both its cyclical sensitivity and growth potential.

Investor Takeaway: Balancing Caution with Opportunity

Triveni Turbine Ltd.’s technical landscape is characterised by a delicate balance between bearish pressures and emerging bullish signals. The daily moving averages and weekly MACD caution investors about prevailing downward momentum, while monthly RSI and OBV hint at underlying strength that could support a recovery.

Investors should monitor key technical levels closely. A sustained move above the daily moving averages and a monthly MACD crossover into bullish territory would be positive developments. Conversely, failure to hold above recent support levels near ₹474 could signal further downside risk.

Given the stock’s strong long-term performance relative to the Sensex, patient investors with a medium to long-term horizon may find value in accumulating on dips, provided they remain vigilant to technical signals and sector dynamics.

Overall, the upgrade to a Hold rating by MarketsMOJO reflects a cautious but improved outlook, suggesting that Triveni Turbine is transitioning from a phase of weakness towards potential stability and eventual growth.

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