Technical Trend Overview: From Bullish to Mildly Bullish
The technical trend for TVS Srichakra has transitioned from a clear bullish stance to a mildly bullish one, indicating a subtle deceleration in upward momentum. This shift is underscored by the stock’s day change of -3.34%, closing at ₹4,325.30 from the previous close of ₹4,474.80. The intraday range showed volatility with a high of ₹4,608.30 and a low of ₹4,309.00, reflecting investor uncertainty amid mixed signals from key technical indicators.
Notably, the stock remains well above its 52-week low of ₹2,429.55, though it has retreated from its 52-week high of ₹4,787.80. This price action suggests that while the stock has experienced strong gains over the past year, short-term profit-taking or consolidation may be underway.
MACD Signals: Divergent Weekly and Monthly Perspectives
The Moving Average Convergence Divergence (MACD) indicator presents a nuanced picture. On a weekly basis, the MACD is mildly bearish, signalling a potential weakening in momentum or a short-term correction phase. Conversely, the monthly MACD remains bullish, indicating that the longer-term trend continues to favour upward price movement. This divergence suggests that while traders may be cautious in the near term, institutional investors and longer-term holders maintain a positive outlook.
RSI and Bollinger Bands: Stability Amidst Volatility
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no definitive signal, hovering in neutral territory. This lack of overbought or oversold conditions implies that the stock is not excessively stretched in either direction, providing room for potential directional moves based on upcoming market catalysts.
Meanwhile, Bollinger Bands on both weekly and monthly timeframes remain bullish, suggesting that price volatility is contained within an upward trending channel. This technical setup often precedes sustained rallies, provided the stock maintains support near the middle band.
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Moving Averages and KST: Mixed Signals Across Timeframes
Daily moving averages for TVS Srichakra remain bullish, reinforcing the short-term upward momentum. This is a positive sign for traders looking for entry points, as the stock price is currently supported above key moving average levels.
However, the Know Sure Thing (KST) indicator shows a mildly bearish signal on the weekly chart, contrasting with a bullish stance on the monthly chart. This divergence highlights the complexity of the stock’s momentum, with short-term caution balanced by longer-term optimism.
Dow Theory and On-Balance Volume (OBV): Conflicting Trends
According to Dow Theory, the weekly trend is mildly bullish, suggesting that the stock is still in an upward phase on a near-term basis. Yet, the monthly Dow Theory signal is mildly bearish, indicating potential resistance or a pause in the broader trend.
On-Balance Volume (OBV) does not currently show a clear trend on either weekly or monthly charts, implying that volume is not decisively confirming price movements. This lack of volume confirmation may warrant caution for momentum traders.
Comparative Returns: Outperforming Sensex Over Multiple Horizons
TVS Srichakra’s price performance relative to the Sensex underscores its strength as a growth stock within the Tyres & Rubber Products sector. Over the past week, the stock has gained 3.76%, outperforming the Sensex’s decline of 1.14%. This outperformance extends to the monthly horizon, with a 6.10% gain versus the Sensex’s 1.20% loss.
Year-to-date, TVS Srichakra has delivered a 2.78% return, while the Sensex has fallen 3.04%. Over longer periods, the stock’s outperformance is even more pronounced: a 46.67% gain over one year compared to the Sensex’s 8.52%, 50.02% over three years versus 36.73%, and an impressive 109.06% over five years against the Sensex’s 60.30%. Even over a decade, the stock has delivered a 94.07% return, though this trails the Sensex’s 259.46%, reflecting the broader market’s exceptional long-term growth.
Mojo Score Upgrade: From Hold to Buy
MarketsMOJO has upgraded TVS Srichakra’s Mojo Grade from Hold to Buy as of 03 Nov 2025, reflecting improved technical and fundamental metrics. The current Mojo Score stands at 74.0, signalling a favourable risk-reward profile. The Market Cap Grade is 3, indicating a mid-cap status with moderate liquidity and market presence.
This upgrade aligns with the mixed but generally positive technical signals, suggesting that investors may consider accumulating the stock on dips while monitoring short-term volatility.
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Investor Takeaway: Balancing Short-Term Caution with Long-Term Opportunity
Investors analysing TVS Srichakra should weigh the mildly bearish weekly MACD and KST signals against the bullish monthly indicators and daily moving averages. The absence of strong RSI signals and neutral OBV trends suggest that the stock is currently in a consolidation phase rather than a decisive breakout or breakdown.
Given the stock’s strong relative performance against the Sensex and the recent upgrade to a Buy rating by MarketsMOJO, long-term investors may view current price weakness as a potential entry opportunity. However, short-term traders should remain vigilant for confirmation of trend direction, particularly watching for MACD crossovers and moving average support levels.
Overall, TVS Srichakra’s technical landscape reflects a stock in transition, with momentum moderating but underlying fundamentals and sector dynamics supporting a cautiously optimistic outlook.
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