TTML - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.8
| Stock Code | TTML | Market Cap | 8,792 Cr. | Current Price | 45.1 ₹ | High / Low | 81.2 ₹ |
| Book Value | -101 ₹ | Dividend Yield | 0.00 % | ROCE | 50.3 % | ROE | % |
| Face Value | 10.0 ₹ | DMA 50 | 48.2 ₹ | DMA 200 | 56.7 ₹ | Chg in FII Hold | 0.00 % |
| Chg in DII Hold | 0.01 % | PAT Qtr | -146 Cr. | PAT Prev Qtr | -321 Cr. | RSI | 45.7 |
| MACD | -1.52 | Volume | 30,04,504 | Avg Vol 1Wk | 84,86,568 | Low price | 41.1 ₹ |
| High price | 81.2 ₹ | 52w Index | 10.2 % | Qtr Profit Var | 53.6 % | EPS | -5.64 ₹ |
| Industry PE | 39.9 |
📊 Chart Patterns: TTML is trading near its lower support zone (41.1 ₹) after a steep decline from its 52-week high (81.2 ₹). The price is below both 50 DMA (48.2 ₹) and 200 DMA (56.7 ₹), indicating bearish momentum.
📈 Moving Averages: Short-term trend is weak as the stock trades below key moving averages. The 50 DMA is also below the 200 DMA, confirming a bearish crossover.
📉 RSI: At 45.7, RSI suggests neutral-to-weak momentum, neither oversold nor overbought.
📉 MACD: Negative at -1.52, showing bearish divergence and lack of buying strength.
📊 Bollinger Bands: Price is hovering near the lower band, suggesting potential short-term support but no strong reversal signal yet.
📊 Volume Trends: Current volume (30 lakh) is significantly lower than average weekly volume (84 lakh), indicating reduced participation and weak momentum.
📌 Momentum Signals: Short-term momentum is bearish. A bounce may occur near 41–42 ₹ support, but resistance is strong at 48–50 ₹.
🎯 Entry Zone: 41–43 ₹ (near support, only for short-term traders with strict stop-loss).
🎯 Exit Zone: 48–50 ₹ (near 50 DMA resistance).
🔎 Trend Status: The stock is consolidating with bearish bias, not yet showing reversal signs.
Positive
- ROCE at 50.3% indicates efficient capital usage.
- Quarterly loss reduced significantly (PAT improved from -321 Cr. to -146 Cr.).
- Strong industry PE (39.9) suggests sectoral valuation support.
Limitation
- Negative EPS (-5.64 ₹) and book value (-101 ₹) highlight weak fundamentals.
- Stock trading below both 50 DMA and 200 DMA shows lack of momentum.
- Low trading volume compared to average indicates weak investor interest.
Company Negative News
- Consistent quarterly losses despite improvement.
- No dividend yield, reducing attractiveness for income investors.
Company Positive News
- Quarterly profit variation shows improvement (loss reduction of 53.6%).
- Stable institutional holding (DII slightly increased by 0.01%).
Industry
- Telecom sector remains competitive with high growth potential.
- Industry PE at 39.9 indicates investor optimism in the sector.
Conclusion
⚠️ TTML is currently consolidating with a bearish bias. Short-term traders may consider entry near 41–43 ₹ with strict stop-loss, targeting 48–50 ₹ resistance. Long-term investors should wait for trend reversal above 50 DMA and sustained volume recovery before considering fresh positions.
Would you like me to also prepare a visual support/resistance chart in HTML format so you can quickly see the zones?