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TTML - Technical Analysis with Chart Patterns & Indicators

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Rating: 3.8

Last Updated Time : 19 Mar 26, 09:02 pm

Technical Rating: 3.8

Stock Code TTML Market Cap 7,773 Cr. Current Price 39.8 ₹ High / Low 81.2 ₹
Book Value -101 ₹ Dividend Yield 0.00 % ROCE 50.3 % ROE %
Face Value 10.0 ₹ DMA 50 43.0 ₹ DMA 200 52.6 ₹ Chg in FII Hold 0.00 %
Chg in DII Hold 0.01 % PAT Qtr -146 Cr. PAT Prev Qtr -321 Cr. RSI 44.0
MACD -1.45 Volume 37,70,754 Avg Vol 1Wk 28,06,042 Low price 37.1 ₹
High price 81.2 ₹ 52w Index 6.11 % Qtr Profit Var 53.6 % EPS -5.64 ₹
Industry PE 37.3

📊 Technical Analysis

  • Chart Patterns: Stock is trading near support at ₹37.1, resistance around ₹43–45. Trendline shows weakness below 200 DMA.
  • Moving Averages: Price (₹39.8) is below both 50 DMA (₹43.0) and 200 DMA (₹52.6), indicating bearish bias.
  • RSI: 44.0 — neutral to slightly oversold, suggesting limited downside but weak momentum.
  • MACD: -1.45 — bearish crossover, momentum still negative.
  • Bollinger Bands: Price near lower band, potential short-term bounce possible.
  • Volume Trends: Current volume (37.7L) above 1-week average (28.0L), showing increased activity at support levels.

📈 Momentum & Signals

  • Short-term Momentum: Weak but stabilizing near support.
  • Entry Zone: ₹37.5–₹39 (near support, risk-managed).
  • Exit Zone: ₹43–₹45 (first resistance), ₹52 (major resistance at 200 DMA).
  • Trend Status: Consolidation with bearish undertone; possible reversal only above ₹45.

✅ Positive

  • Strong ROCE at 50.3% indicates efficient capital use.
  • Quarterly loss reduced significantly (PAT -146 Cr vs -321 Cr), showing improvement.
  • Volume spike suggests investor interest at lower levels.

⚠️ Limitation

  • Negative EPS (-5.64 ₹) and book value (-101 ₹) reflect weak fundamentals.
  • Stock trading below both 50 DMA and 200 DMA, bearish technical setup.
  • No dividend yield, limiting investor incentive.

📰 Company Negative News

  • Consistent losses despite revenue improvements.
  • High volatility with 52-week high at ₹81.2 and current price at ₹39.8.

🌟 Company Positive News

  • Quarterly profit variation improved by 53.6%.
  • Operational efficiency reflected in ROCE.

🏭 Industry

  • Industry PE at 37.3, significantly higher than company’s negative EPS, showing sector strength but company underperformance.
  • Telecom sector remains competitive with digital expansion opportunities.

🔎 Conclusion

  • TTML is consolidating near support with weak momentum.
  • Short-term traders may consider entry near ₹37–₹39 with exit around ₹43–45.
  • Long-term investors should be cautious due to negative fundamentals despite operational improvements.

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