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Price and trend forecast of TTML for Tomorrow, Weekly, Monthly

Tata Teleservices (Maharashtra) Limited

Symbol: NSE:TTML

ISIN: INE517B01013

76.55

As on 2024-04-16

59.50 (52W Low) 109.10 (52W High)

TTML's Today's Performance

Tata Teleservices (Maharashtra) Limited started the day by opening at 76.00 today 2024-04-16. Its shares reached a high of 77.30 and dipped to a low of 75.55 in intraday. When the markets closed, TTML’s stock price settled at ₹76.55 per share. Also check out its key support and resistance levels.

TTML Buy/Sell Targets

Tomorrow, buy TTML when its price reaches ₹ 76.55 with a stop-loss order at ₹ 75.36. You can set the target price as ₹ 77.74 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of TTML for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for TTML

Resistance Levels Value in ₹
Tomorrow Resistance 1 77
Tomorrow Resistance 2 78
Tomorrow Resistance 3 79

Important Supports for TTML

Support Levels Value in ₹
Tomorrow Support 1 76
Tomorrow Support 2 75
Tomorrow Support 3 74
Based on where the stock opens tomorrow, if TTML opens on a positive note, our first target will be ₹77. If Target 1 is achieved, we will aim for Target 2 which is ₹78.

But if TTML falls below the average value of ₹76.47, you can enter a sell side position with target number 1 - ₹76 and second target - ₹75 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of TTML

Looking at TTML, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, TTML has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for TTML is moderate bearish.

Tomorrow's Volume based share price Forecast for TTML

TTML's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -42%.

Reversal detection for TTML

Predicted trend chart of TTML tomorrow for price forecast
TTML may trend may continue to be bullish since stock is making higher highs and we can get target of ₹76 in morning tomorrow
Target 1 tomorrow77
Target 2 tomorrow78
Target 3 tomorrow78
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with TTML's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if TTML opens on a positive note, our first target will be ₹77.38. If Target 1 is achieved, we will aim for Target 2 which is ₹78.22.

But if TTML falls below the average value of ₹76.47, you can enter a sell side position with target number 1 - ₹75.63 and second target - ₹74.72

TTML's Weekly Targets
1st Up Target 77.90
2nd Up Target 79.25
1st Down Target 75.10
2nd Down Target 73.65

As the week for TTML ended on bearish sentiments, we can expect further continuation of this sentiment. TTML's initial target will be 77.90 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 75.10 in the upcoming week.

Weekly OHLC Values
Open 77.80
High 77.80
Low 75.00
Close 76.55

Week for TTML started with an open price of 77.80, and the close was at 76.55. TTML reached the highest of 77.80 and dipped lowest up to 75.00 last week. This indicates a bearish sentiment for the week.

TTML full month swing targets
Monthly Up Target 1 80.70
Monthly Up Target 2 82.05
Monthly Down Target 1 72.30
Monthly Down Target 2 68.05

Targets of ₹80.70 can be expected to be reached in the coming month. Once TTML achieved this target, we can aim for the next upside target of ₹82.05.

TTML if fails to hold upside, down targets of ₹72.30 and ₹68.05 can be achieved by end of this month.

For complete three weeks if TTML is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

TTML is expected to reach the target of 77.38 in tomorrow's trading session.

After achieving the initial target in TTML, we will aim for higher targets of 78.22 tomorrow.

However, if TTML starts to trade below ₹76.47, then we will shift our focus to the sell side and aim for down targets of 75.63 and 74.72.