T.T. Limited Stock Forecast
Evaluation of T.T. Limited stock downgraded after the last trading session.
(Updated on May 03, 2024)
The T.T. Limited stock price fell by -0.764% on the last day (Friday, 3rd May 2024) from ₹111.25 to ₹110.40. During the last trading day the stock fluctuated 3.79% from a day low at ₹108.30 to a day high of ₹112.40. The price has risen in 5 of the last 10 days and is up by 1.99% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 13 thousand shares were bought and sold for approximately ₹1.48 million.
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 T.T. Limited stock with a 90% probability to be traded between ₹106.10 and ₹125.82 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). 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. On corrections up, there will be some resistance from the lines at ₹111.08 and ₹110.81. 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 -4.46%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
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 0.470% to ₹110.91 within 11 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for T.T. Limited stock
T.T. Limited finds support from accumulated volume at ₹109.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ₹4.10 between high and low, or 3.79%. For the last week the stock has had daily average volatility of 2.07%
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 Monday 6th
For the upcoming trading day on Monday, 6th we expect T.T. Limited to open at ₹110.37, and during the day (based on 14 day Average True Range), to move between ₹106.22 and ₹114.58, which gives a possible trading interval of +/-₹4.18 (+/-3.79%) up or down from last closing price. If T.T. Limited takes out the full calculated possible swing range there will be an estimated 7.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹109.30 (1.00%) than the resistance at ₹117.80 (6.70%), 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: -1.856 Sell Candidate Downgraded
Predicted Opening Price for T.T. Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ₹110.37 ( 0.0302%) | ₹110.40 |
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 | 114.47 | 3.68 % | |
| R2 | 112.90 | 2.26 % | ||
| R1 | 111.93 | 1.39 % | ||
| Current price: | 110.40 | |||
| Support | S1 | 108.80 | -1.45 % | |
| S2 | 107.83 | -2.33 % | ||
| S3 | 106.27 | -3.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 123.80 | 12.14 % | |
| R2 | 120.50 | 9.15 % | ||
| R1 | 117.80 | 6.70 % | ||
| Current price | 110.40 | |||
| Support | S1 | 109.30 | -1.00% | |
| S2 | 107.95 | -2.22% | ||
| S3 | 107.30 | -2.81% |
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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