TTML - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 2.9

Technical Analysis Report for Tata Teleservices (Maharashtra) Ltd (TTML)

• Trend Status: Reversing from highs, currently in a downtrend
• Moving Averages: Price below both 50 DMA (₹57.0) and 200 DMA (₹63.3) — bearish alignment
• RSI: 40.1 — weak momentum, approaching oversold territory
• MACD: Negative at -0.60 — bearish crossover, trend weakening
• Bollinger Bands: Price near lower band — oversold signal, possible technical bounce
• Volume: Below weekly average — declining participation

Entry & Exit Zones

• Support Levels: ₹52.0 (minor support), ₹50.0 (52-week low)
• Resistance Levels: ₹57.0 (DMA 50), ₹63.3 (DMA 200), ₹70.0 (gap zone)
• Optimal Entry: ₹52.0–₹54.0 (on confirmation of support)
• Optimal Exit: ₹63.0–₹70.0 (if reversal sustains)

Positive

• ROCE of 50.3% — strong capital efficiency
• Price near historical support — potential for technical rebound

Limitation

• Price below key moving averages — weak technical structure
• MACD and RSI indicate bearish momentum
• Volume below average — weak participation
• Negative EPS of ₹-6.48 — poor earnings base
• Book value of ₹-101 — negative net worth

Company Negative News

• Consistent quarterly loss of ₹321 Cr. — no improvement in profitability
• FII holding declined by 0.17% — foreign investor pullback

Company Positive News

• Quarterly profit variation of 2.90% — marginal YoY improvement
• DII holding increased by 0.01% — slight domestic institutional interest

Industry

• Telecom services — competitive and capital-intensive sector with long-term digital growth potential
• Industry P/E of 54.6 — TTML lacks positive earnings to compare

Conclusion

Tata Teleservices (Maharashtra) Ltd is currently reversing from its highs with weak technical indicators and declining volume. While ROCE is strong and price is near support, negative earnings and bearish MACD suggest caution. Traders may consider entries near ₹52 with exits around ₹70, watching for MACD reversal and volume recovery to confirm trend strength.