That's correct.
No OD shift could be too much TV pressure due to overzealous TV cable adjustment, mis-matched valve body & governor, sticking 3-4 shift valve assembly or burnt OD clutches.
More specific information regarding your problem would aid in the diagnosis. Does the transmission have high mileage or was it recently overhauled? If rebuilt, did OD suddenly go away or did it ever have OD? Do the governor and valve body match? Etc.