TVS Srichakra Ltd Technical Momentum Shifts Signal Bullish Outlook

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TVS Srichakra Ltd, a key player in the Tyres & Rubber Products sector, has witnessed a notable shift in its technical momentum, moving from a mildly bullish stance to a more confident bullish trend. This transition is underscored by a blend of technical indicators, including MACD, RSI, moving averages, and Bollinger Bands, which collectively suggest strengthening price momentum despite a minor dip in the latest trading session.
TVS Srichakra Ltd Technical Momentum Shifts Signal Bullish Outlook

Technical Trend Evolution and Price Action

As of 13 Feb 2026, TVS Srichakra’s stock price closed at ₹4,505.00, slightly down by 0.40% from the previous close of ₹4,523.05. The intraday range was relatively broad, with a high of ₹4,770.00 and a low of ₹4,368.95, indicating some volatility but also underlying buying interest near the lower band. The stock remains comfortably above its 52-week low of ₹2,429.55 and is trading within striking distance of its 52-week high of ₹4,787.80, signalling resilience in the face of broader market fluctuations.

The technical trend has upgraded from mildly bullish to bullish, reflecting improved investor sentiment and momentum. Daily moving averages have turned decisively bullish, supporting the price action and suggesting that short-term momentum is gaining traction. This is a positive sign for traders looking for confirmation of an upward trajectory.

MACD and Momentum Oscillators: Mixed Signals but Bullish Bias

The Moving Average Convergence Divergence (MACD) indicator presents a nuanced picture. On a weekly basis, the MACD remains mildly bearish, indicating some short-term caution among traders. However, the monthly MACD has turned bullish, signalling that the longer-term momentum is firmly positive. This divergence between weekly and monthly MACD readings suggests that while short-term corrections or consolidations may occur, the broader trend favours upside potential.

The Know Sure Thing (KST) oscillator echoes this mixed sentiment, mildly bearish on the weekly chart but bullish on the monthly timeframe. Such a pattern often precedes a sustained rally once short-term selling pressure eases.

RSI and Bollinger Bands: Stability and Expansion

The Relative Strength Index (RSI) currently shows no clear signal on both weekly and monthly charts, hovering in neutral territory. This indicates that the stock is neither overbought nor oversold, providing room for further price appreciation without immediate risk of a sharp reversal.

Bollinger Bands, however, are bullish on both weekly and monthly charts, suggesting expanding volatility with an upward bias. The price action near the upper band during recent sessions points to strong buying interest and potential continuation of the rally.

Volume and On-Balance Volume (OBV) Confirm Strength

On-Balance Volume (OBV) readings are bullish on both weekly and monthly timeframes, reinforcing the view that volume supports the price gains. This alignment between price and volume is a critical confirmation for technical analysts, indicating that the rally is backed by genuine investor participation rather than speculative spikes.

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Moving Averages and Dow Theory: Bullish Signals with Minor Reservations

Daily moving averages have turned bullish, with the stock price consistently trading above key averages, signalling a positive short-term trend. This technical confirmation is crucial for traders and investors seeking entry points aligned with momentum.

According to Dow Theory, the weekly trend is mildly bullish, supporting the recent upgrade in technical stance. However, the monthly Dow Theory reading is mildly bearish, indicating some caution over the longer term. This mixed signal suggests that while the near-term outlook is optimistic, investors should remain vigilant for potential macroeconomic or sector-specific headwinds.

Comparative Returns Highlight Strong Outperformance

TVS Srichakra’s recent returns have significantly outpaced the broader Sensex benchmark. Over the past week, the stock surged 8.28% compared to Sensex’s modest 0.43% gain. The one-month return stands at 10.34%, while the Sensex declined by 0.24% in the same period. Year-to-date, the stock has appreciated 7.05%, contrasting with a 1.81% decline in the Sensex.

Longer-term performance is even more impressive. Over one year, TVS Srichakra has delivered a stellar 56.70% return, vastly outperforming the Sensex’s 9.85%. Over three and five years, the stock has returned 54.84% and 117.75% respectively, compared to Sensex returns of 37.89% and 62.34%. Even over a decade, the stock has delivered a robust 102.14% gain, underscoring its consistent growth trajectory despite broader market volatility.

Mojo Score Upgrade Reflects Improved Technical and Fundamental Outlook

MarketsMOJO has upgraded TVS Srichakra’s Mojo Grade from Hold to Buy as of 03 Nov 2025, reflecting enhanced confidence in the company’s prospects. The current Mojo Score stands at a strong 74.0, signalling favourable technical and fundamental attributes. The Market Cap Grade is 3, indicating a mid-cap classification with solid market presence.

This upgrade aligns with the technical trend shift and improved momentum indicators, suggesting that the stock is well-positioned to attract increased investor interest in the near term.

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Sector and Industry Context

Operating within the Tyres & Rubber Products sector, TVS Srichakra benefits from steady demand driven by automotive and industrial growth. The sector has shown resilience amid fluctuating raw material costs and supply chain challenges. TVS Srichakra’s technical strength and market outperformance suggest it is well-placed to capitalise on sectoral tailwinds, particularly as infrastructure development and vehicle sales continue to expand in India.

Investor Takeaway

For investors, the technical momentum shift in TVS Srichakra Ltd offers a compelling case for consideration. The bullish signals from daily moving averages, monthly MACD, Bollinger Bands, and OBV provide a strong foundation for potential upside. While weekly indicators show some caution, these may represent short-term consolidation phases rather than a reversal.

Given the stock’s impressive relative returns versus the Sensex and the recent upgrade in Mojo Grade to Buy, TVS Srichakra appears poised for further gains. However, investors should monitor key technical levels, including the 52-week high near ₹4,788 and support around ₹4,300, to manage risk effectively.

Overall, the blend of technical and fundamental factors supports a positive outlook for TVS Srichakra in the medium term.

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