TTML - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.4

Here’s a comprehensive technical analysis of Tata Teleservices (Maharashtra) Ltd. (TTML)

📉 Trend Overview

Current Trend: Downtrend with oversold signals

Price is below both 50-DMA (₹64.9) and 200-DMA (₹69.0) — confirms bearish structure.

RSI (31.3) — approaching oversold territory.

MACD (-1.47) — negative and diverging, signaling continued weakness.

Volume: Significantly below average — suggests waning interest.

📈 Chart Patterns & Indicators

Moving Averages

Price < 50-DMA and 200-DMA → bearish bias.

No signs of reversal or crossover.

Bollinger Bands

Price near lower band — oversold conditions, but no bounce confirmation.

Support Levels

₹58 – ₹60 (near-term support)

₹50 (52-week low and psychological support)

Resistance Levels

₹64.9 (50-DMA)

₹69.0 (200-DMA)

₹72 – ₹75 (historical resistance zone)

🔍 Momentum Signals

Short-Term Bias: Bearish

RSI < 35 and MACD negative — momentum favors downside.

No bullish divergence or reversal pattern.

Volume Trend: Weak — confirms lack of bullish conviction.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹50 – ₹55 Near 52-week low, oversold zone

Exit Target ₹64 – ₹69 Resistance at moving averages

Stop Loss ₹48 Below key support

🧠 Summary

TTML is currently in a downtrend, trading well below key moving averages with weak momentum indicators. RSI and MACD suggest oversold conditions, but without confirmation of reversal. Traders may consider speculative accumulation near ₹50 with strict stop-loss discipline. A breakout above ₹69 with volume could signal trend reversal, but for now, caution is warranted.

Want to explore how TTML stacks up against other telecom plays or dive into turnaround case studies? I’ve got plenty of insights to help you strategize.

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