TTML - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | TTML | Market Cap | 8,392 Cr. | Current Price | 42.9 ₹ | High / Low | 81.2 ₹ |
| Book Value | -102 ₹ | Dividend Yield | 0.00 % | ROCE | 56.7 % | ROE | % |
| Face Value | 10.0 ₹ | DMA 50 | 41.9 ₹ | DMA 200 | 49.7 ₹ | Chg in FII Hold | -0.04 % |
| Chg in DII Hold | 0.03 % | PAT Qtr | -81.9 Cr. | PAT Prev Qtr | -146 Cr. | RSI | 54.0 |
| MACD | 1.38 | Volume | 28,35,498 | Avg Vol 1Wk | 41,20,129 | Low price | 30.1 ₹ |
| High price | 81.2 ₹ | 52w Index | 25.1 % | Qtr Profit Var | 73.3 % | EPS | -1.10 ₹ |
| Industry PE | 41.0 |
📈 Chart & Trend: TTML is trading slightly above its 50 DMA (41.9 ₹) but below the 200 DMA (49.7 ₹), showing short-term resilience but medium-term weakness. RSI at 54.0 reflects neutral momentum, while MACD at 1.38 remains positive, hinting at mild bullish bias. Bollinger Bands are moderately tight, suggesting consolidation with breakout potential.
🔑 Momentum Signals: Current price (42.9 ₹) is holding above support at 41.5–42.0 ₹. Resistance levels are seen at 44.5 ₹ and 46.0 ₹. Volume (28.3L) is below the 1-week average (41.2L), indicating weaker participation and limited conviction.
🎯 Entry Zone: 41.5–42.0 ₹ near 50 DMA support.
💰 Exit Zone: 44.5 ₹ (partial profit) and 46.0 ₹ (full exit).
📊 Trend Status: Consolidating with mild bullish bias.
Positive
- Strong ROCE at 56.7% highlights efficient capital use.
- Quarterly losses narrowing (PAT -81.9 Cr. vs -146 Cr.).
- MACD positive crossover supports short-term upside.
- Price holding above 50 DMA support zone.
Limitation
- Negative book value (-102 ₹) reflects weak fundamentals.
- EPS remains negative (-1.10 ₹).
- Volume below average, limiting breakout strength.
- Price still below 200 DMA, capping medium-term upside.
Company Negative News
- Persistent losses despite narrowing trend.
- FII holdings reduced (-0.04%).
Company Positive News
- Improved quarterly performance with 73.3% profit variation.
- DII holdings increased (+0.03%).
Industry
- Industry PE at 41.0 indicates sector remains richly valued.
- Telecom sector continues to face competitive pricing pressures.
Conclusion
TTML is consolidating with mild bullish bias supported by MACD and narrowing losses. Entry near 41.5–42.0 ₹ is favorable with exits at 44.5–46.0 ₹. However, weak fundamentals (negative book value, EPS) and low volume participation limit conviction. Suitable for short-term swing trades rather than long-term investment.