TTK Health Care Ltd Stock Forecast
TTK Health Care Ltd stock price ended at ₹1,515.55 on Friday, after gaining 0.401%.
(Updated on May 17, 2024)
The TTK Health Care Ltd stock price gained 0.401% on the last trading day (Friday, 17th May 2024), rising from ₹1,509.50 to ₹1,515.55. During the last trading day the stock fluctuated 2.59% from a day low at ₹1,500.00 to a day high of ₹1,538.90. The price has been going up and down for this period, and there has been a -0.01% loss for the last 2 weeks. Volume fell on the last day by -854 shares and in total, 5 thousand shares were bought and sold for approximately ₹6.98 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect TTK Health Care Ltd stock with a 90% probability to be traded between ₹1,493.10 and ₹1,722.65 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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TTKHLTCARE.NS Signals & Forecast
There are mixed signals in the stock today. The TTK Health Care Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹1,550.24. On a fall, the stock will find some support from the short-term average at ₹1,499.46. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 3.68%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
A buy signal from a double bottom formation was found on Wednesday, May 08, 2024 and based on theory for this formation the price should go up by 12.30% to ₹1,701.97 within 29 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for TTK Health Care Ltd stock
TTK Health Care Ltd finds support from accumulated volume at ₹1,509.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹38.90 between high and low, or 2.59%. For the last week, the stock has had daily average volatility of 2.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TTKHLTCARE.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect TTK Health Care Ltd to open at ₹1,518.15, and during the day (based on 14 day Average True Range), to move between ₹1,472.87 and ₹1,558.23, which gives a possible trading interval of +/-₹42.68 (+/-2.82%) up or down from last closing price. If TTK Health Care Ltd takes out the full calculated possible swing range there will be an estimated 5.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹1,509.75 (0.38%) than the resistance at ₹1,583.10 (4.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
TTK Health Care Ltd will release earnings BMO on Friday, May 24, 2024. We will update the financials statements for TTK Health Care Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.02% in the first trading day after earnings release.
Is TTK Health Care Ltd stock A Buy?
TTK Health Care Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.736 Sell Candidate Unchanged
Predicted Opening Price for TTK Health Care Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹1,518.15 ( 0.172%) | ₹1,515.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TTKHLTCARE.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,557.05 | 2.74 % | |
| R2 | 1,542.19 | 1.76 % | ||
| R1 | 1,533.01 | 1.15 % | ||
| Current price: | 1,515.55 | |||
| Support | S1 | 1,503.29 | -0.81 % | |
| S2 | 1,494.11 | -1.41 % | ||
| S3 | 1,479.25 | -2.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,623.10 | 7.10 % | |
| R2 | 1,598.70 | 5.49 % | ||
| R1 | 1,583.10 | 4.46 % | ||
| Current price | 1,515.55 | |||
| Support | S1 | 1,509.75 | -0.383% | |
| S2 | 1,506.80 | -0.577% | ||
| S3 | 1,477.55 | -2.51% |
TTKHLTCARE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 18, 2023 | Jul 18, 2023 | Jul 18, 2023 | ₹10.00 | 0.766% |
| 2 | Jul 26, 2022 | Jul 26, 2022 | Jul 26, 2022 | ₹10.00 | 1.17% |
| 3 | Aug 12, 2021 | Aug 12, 2021 | Aug 12, 2021 | ₹6.00 | 0.84% |
| 4 | Sep 03, 2020 | Sep 03, 2020 | Sep 03, 2020 | ₹3.00 | 0.639% |
| 5 | May 30, 2019 | Aug 01, 2019 | Aug 30, 2019 | ₹5.00 | 1.07% |
FAQ
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