TTML - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:55 pm

Technical Rating: 3.0

📊 Chart Patterns: TTML is trading below both its 50 DMA (52.9 ₹) and 200 DMA (60.1 ₹), showing weakness. Support lies near 44.5–46 ₹, while resistance is around 53–60 ₹. The broader chart suggests consolidation with bearish undertone.

📈 Moving Averages: Current price (49.8 ₹) is below both 50 DMA and 200 DMA, signaling short-term bearish momentum.

📉 RSI: At 45.6, RSI is neutral to weak, suggesting limited momentum and potential sideways movement.

📉 MACD: Negative (-0.89), confirming bearish crossover and short-term downside pressure.

📊 Bollinger Bands: Price is near the lower band, indicating oversold conditions and possible short-term bounce.

📊 Volume Trends: Current volume (51,63,717) is significantly lower than average weekly volume (3,99,30,906), showing reduced participation and lack of strong buying interest.

🚦 Momentum Signals: Short-term momentum remains bearish. A bounce may occur near 45–47 ₹, but recovery requires crossing 53–60 ₹.

🎯 Entry Zone: 45–47 ₹ (near support).

🎯 Exit Zone: 53–60 ₹ (resistance at 50 & 200 DMA).

📌 Trend Status: The stock is consolidating with bearish bias, not yet reversing into an uptrend.

Positive

• Strong ROCE (50.3%) highlights efficient capital usage despite losses.
• Institutional support with DII holdings up slightly (+0.01%).
• 52-week performance index at 13.2% shows modest price appreciation.

Limitation

• Negative EPS (-6.48 ₹) reflects ongoing losses.
• Book value is negative (-101 ₹), indicating weak balance sheet fundamentals.
• Stock trading below both 50 & 200 DMA indicates weak technical strength.

Company Negative News

• PAT remains negative (-321 Cr.) with no improvement sequentially.
• FII holdings decreased by -0.17%, showing reduced foreign investor confidence.

Company Positive News

• Quarterly profit variation (+2.90%) indicates marginal improvement despite losses.
• Strong ROCE suggests operational efficiency in certain segments.

Industry

• Industry P/E at 51.2 indicates high growth expectations compared to TTML’s negative earnings.
• Telecom sector remains supported by digital adoption and enterprise communication demand.

Conclusion

⚖️ TTML is consolidating with bearish bias, trading below key moving averages. Short-term traders may consider entry near 45–47 ₹ with exit around 53–60 ₹. Long-term investors should be cautious due to negative earnings and weak fundamentals, though operational efficiency and sectoral demand provide some resilience.