TVS Supply Chain Solutions Ltd Sees Mixed Technical Signals Amid Price Momentum Shift

Price Movement and Market Context

On 3 Feb 2026, TVS Supply Chain Solutions Ltd closed at ₹97.10, marking a slight increase of 0.82% from the previous close of ₹96.31. The stock traded within a range of ₹93.50 to ₹97.10 during the day, remaining closer to its 52-week low of ₹92.40 than its high of ₹160.00. This price action suggests a consolidation phase after a prolonged downtrend.

Comparatively, the broader Sensex index has shown resilience, with a 1-week return of 0.16% and a 1-month return of -4.78%, whereas TVS Supply Chain Solutions Ltd has underperformed significantly over the same periods, with a 1-week gain of 3.13% but a 1-month decline of 15.05%. Year-to-date, the stock is down 13.03%, while the Sensex is down 4.17%. Over the past year, the stock has suffered a steep 33.54% loss, contrasting with the Sensex’s 5.37% gain.

Technical Trend Analysis

The technical trend for TVS Supply Chain Solutions Ltd has shifted from bearish to mildly bearish, indicating a potential easing of downward pressure but no definitive reversal yet. The daily moving averages remain bearish, signalling that the short-term momentum is still negative. This is corroborated by the weekly MACD (Moving Average Convergence Divergence), which remains bearish, suggesting that the stock’s momentum is still tilted towards sellers.

However, the monthly RSI (Relative Strength Index) has turned bullish, indicating that the stock may be entering an oversold condition on a longer timeframe, which could attract buying interest. The weekly RSI, however, shows no clear signal, reflecting indecision in the near term.

Bollinger Bands and Other Indicators

Bollinger Bands on both weekly and monthly charts remain mildly bearish, implying that the stock price is still trading near the lower band, consistent with a subdued momentum but not yet signalling a strong reversal. The KST (Know Sure Thing) indicator on the weekly chart is bearish, reinforcing the short-term negative momentum, while the monthly KST data is unavailable, leaving some uncertainty about longer-term momentum.

On the volume front, the On-Balance Volume (OBV) indicator is mildly bullish on the weekly chart, suggesting that despite price weakness, accumulation may be occurring. This divergence between price and volume could hint at a potential base formation or a slow build-up of buying interest.

Mojo Score and Ratings Update

MarketsMOJO assigns TVS Supply Chain Solutions Ltd a Mojo Score of 34.0, categorising it with a Sell rating. This represents an improvement from the previous Strong Sell grade, which was downgraded on 2 Feb 2026. The Market Cap Grade stands at 3, reflecting the company’s mid-tier market capitalisation within the transport services sector.

The upgrade from Strong Sell to Sell suggests that while the stock remains under pressure, some technical and fundamental factors have improved, warranting a more cautious stance rather than outright avoidance. Investors should note that the technical trend remains mildly bearish, and the stock has yet to demonstrate a clear bullish reversal.

Long-Term Performance and Sector Comparison

Over the longer term, TVS Supply Chain Solutions Ltd has lagged significantly behind the Sensex. While the Sensex has delivered a 36.26% return over three years and an impressive 232.80% over ten years, the stock’s returns for these periods are not available, indicating either a lack of data or poor performance. The 5-year return for the Sensex is 64.00%, underscoring the stock’s relative underperformance.

This underperformance is notable given the transport services sector’s importance in India’s economic infrastructure. The sector has faced headwinds from fluctuating fuel prices, regulatory changes, and evolving supply chain dynamics, which may have contributed to the stock’s subdued momentum.

Investor Considerations and Outlook

Investors analysing TVS Supply Chain Solutions Ltd should weigh the mixed technical signals carefully. The mildly bearish trend and bearish daily moving averages caution against aggressive buying, while the monthly RSI’s bullish signal and mildly bullish OBV suggest that accumulation could be underway.

Given the stock’s proximity to its 52-week low and the divergence between volume and price, a potential base formation may be in progress. However, confirmation through sustained price strength above key moving averages and a bullish MACD crossover would be prudent before considering a long position.

Market participants should also monitor broader sector trends and macroeconomic factors impacting transport services, as these will influence the stock’s trajectory. The recent upgrade in Mojo Grade indicates some improvement in fundamentals or sentiment, but the overall Sell rating advises caution.

Summary

TVS Supply Chain Solutions Ltd’s recent technical parameter changes reflect a stock in transition. While the shift from a strongly bearish to a mildly bearish trend and the upgrade in Mojo Grade offer some optimism, the prevailing technical indicators caution investors to remain vigilant. The stock’s underperformance relative to the Sensex and the transport services sector highlights the challenges it faces.

For investors, the key will be to watch for confirmation of a sustained momentum shift, particularly through improvements in moving averages and MACD signals, alongside volume trends. Until then, a cautious approach aligned with the current Sell rating remains advisable.

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