TTML - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.2

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

📊 Trend Overview

Current Trend: The stock is in a downtrend, trading below both its 50 DMA (₹59.5) and 200 DMA (₹65.8). It has declined ~36% from its 52-week high of ₹90 and is hovering near its recent low of ₹50.

Long-Term Trend: Weak, with lower highs and lower lows. The 52-week index at 19.5% reflects minimal recovery from the yearly bottom.

📈 Moving Averages

50 DMA: ₹59.5

200 DMA: ₹65.8

Current Price: ₹57.8

Interpretation: Price is below both moving averages, confirming bearish sentiment. A close above ₹60 would be the first sign of stabilization.

📉 MACD & RSI

MACD: Slightly negative at -0.41 — signaling fading momentum.

RSI: At 47.4 — neutral, leaning bearish.

Conclusion: Momentum indicators suggest consolidation with a bearish tilt. A MACD crossover and RSI > 50 would be early signs of recovery.

📊 Volume Trends

Current Volume: 15.7 lakh

1-Week Avg Volume: 24.2 lakh

Interpretation: Volume is below average, indicating low conviction. A breakout above ₹60–₹62 would require volume confirmation.

📉 Bollinger Bands

Price is likely near the lower band, suggesting potential support. However, without volume or momentum, a bounce is uncertain.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 55.0 Minor support zone

Support 2 50.0 52-week low, strong base

Resistance 1 60.0 50 DMA, near-term ceiling

Resistance 2 65.8 200 DMA, major resistance

Resistance 3 75–80 Previous swing highs

🎯 Entry & Exit Zones

Optimal Entry: ₹52–₹56 (on pullback with confirmation)

Exit Zone: ₹65–₹75 (partial profit booking), ₹80+ (final target if breakout sustains)

🔍 Summary

Trend: Consolidating with bearish bias

Momentum: Weak

Bias: Cautious accumulation

Short-Term Strategy: Accumulate near ₹52–₹56 only if support holds. Avoid aggressive entries until price breaks above ₹60 with volume and MACD crossover.

Let me know if you'd like a swing trade setup or visual chart overlay based on this!

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