T.T. Limited Stock Forecast
Evaluation of T.T. Limited stock downgraded after the last trading session.
(Updated on Apr 22, 2024)
The T.T. Limited stock price gained 0.0462% on the last trading day (Monday, 22nd Apr 2024), rising from ₹108.25 to ₹108.30. During the last trading day the stock fluctuated 2.62% from a day low at ₹106.90 to a day high of ₹109.70. The price has fallen in 6 of the last 10 days and is down by -1.23% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 16 thousand shares were bought and sold for approximately ₹1.78 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at ₹104.82 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect T.T. Limited stock with a 90% probability to be traded between ₹105.37 and ₹124.84 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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TTL.NS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The T.T. Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹109.32 and ₹110.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -6.27%. Further fall is indicated until a new bottom pivot has been found.
A buy signal from a double bottom formation was found on Thursday, March 28, 2024 and based on theory for this formation the price should go up by 2.41% to ₹110.91 within 11 trading days since signal was issued (Tuesday, April 23, 2024).
Support, Risk & Stop-loss for T.T. Limited stock
T.T. Limited finds support from accumulated volume at ₹107.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹2.80 (2.62%) between high and low. For the last week, the stock has had daily average volatility of 3.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TTL.NS) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect T.T. Limited to open at ₹108.30, and during the day (based on 14 day Average True Range), to move between ₹103.09 and ₹113.51, which gives a possible trading interval of +/-₹5.21 (+/-4.81%) up or down from last closing price. If T.T. Limited takes out the full calculated possible swing range there will be an estimated 9.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹107.95 (0.32%) than the resistance at ₹117.80 (8.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is T.T. Limited stock A Buy?
T.T. Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.190 Sell Candidate Downgraded
Predicted Opening Price for T.T. Limited of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| ₹108.30 ( 0.00000000%) | ₹108.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TTL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 111.10 | 2.59 % | |
| R2 | 110.03 | 1.60 % | ||
| R1 | 109.37 | 0.99 % | ||
| Current price: | 108.30 | |||
| Support | S1 | 107.23 | -0.99 % | |
| S2 | 106.57 | -1.60 % | ||
| S3 | 105.50 | -2.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 123.80 | 14.31 % | |
| R2 | 120.50 | 11.27 % | ||
| R1 | 117.80 | 8.77 % | ||
| Current price | 108.30 | |||
| Support | S1 | 107.95 | -0.323% | |
| S2 | 107.30 | -0.92% | ||
| S3 | 104.65 | -3.37% |
TTL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 09, 2021 | Dec 09, 2021 | Dec 09, 2021 | ₹1.00 | 1.14% |
| 2 | Sep 06, 2016 | Sep 06, 2016 | Sep 06, 2016 | ₹0.500 | 1.10% |
| 3 | May 13, 2015 | Sep 02, 2015 | Oct 09, 2015 | ₹1.00 | 1.84% |
| 4 | Aug 27, 2014 | Aug 27, 2014 | Aug 27, 2014 | ₹1.00 | 2.66% |
| 5 | May 29, 2013 | Sep 11, 2013 | Oct 18, 2013 | ₹1.00 | 4.76% |
FAQ
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