TTK Healthcare Limited (TTKHLTCARE) Stock - Complete Technical Analysis - Aug 30, 2024

TTK Healthcare Stock Analysis: Key Support, Resistance

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Let's dive into the technical analysis for TTK Healthcare Limited (TTKHLTCARE). The stock is currently trading at 1586.65, which is 12.14% below its 52-week high of 1805.9 and 44.08% above its 52-week low of 1101.2.

Starting with the trend indicators, the Average Directional Index (ADX) is strong, suggesting a solid trend. The MACD is showing bullish momentum, and the Awesome Oscillator is positive, indicating that the buying pressure might be overcoming the selling pressure. However, the RSI is near neutral, suggesting the stock is in a consolidation phase. The Stochastic Oscillator is in the oversold region, which could signal potential bullish reversal.

Moving to moving averages, the stock is currently trading above its shorter-term moving averages, like the 10-day and 20-day EMA, but below its longer-term moving averages, such as the 50-day and 200-day EMA. This suggests a mixed trend with short-term bullishness but longer-term bearishness. The Simple Moving Averages (SMA) present a similar picture, with the stock trading above the 10-day and 20-day SMA but below the 50-day SMA.

Pivot points are quite revealing. The Classic Pivot Point is at 1518.25. Current resistance levels are at R1: 1621.5, R2: 1683.05, and R3: 1847.85, while support levels are at S1: 1456.7, S2: 1353.45, and S3: 1188.65. Camarilla Pivot Points suggest resistance at R1: 1575.06 and R2: 1590.16, with support at S1: 1544.84 and S2: 1529.74. Fibonacci Pivot Points indicate resistance at R1: 1581.2 and R2: 1620.1, with support at S1: 1455.3 and S2: 1416.4. Woodie Pivot Points suggest resistance at R1: 1650.1 and R2: 1697.35, with support at S1: 1485.3 and S2: 1367.75.

The recent chart patterns include a Doji and a Spinning Top, both indicating indecision in the market. This could mean that traders should be cautious as the stock might experience volatility or a potential reversal.

In summary, TTK Healthcare Limited is showing mixed technical signals. Short-term indicators are somewhat bullish, but longer-term trends suggest caution. Traders should keep an eye on key support and resistance levels and monitor for potential trend reversals.