Tata Teleservices (Maharashtra) Limited (TTML) Stock - Complete Technical Analysis - Oct 25, 2024

Tata Teleservices Technical Analysis: Oversold Signals & Key Resistance Levels

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. Tata Teleservices (Maharashtra) Limited is experiencing significant volatility, currently priced at 69.2, reflecting a steep decline from its 52-week high of 111.4 recorded on July 19, 2024. It remains 6.33% above its 52-week low of 65.05 on June 4, 2024.

With an ADX reading of 21.28, the trend remains weak, urging caution among traders. The RSI at 26.88 signals oversold conditions, suggesting potential bullish reversal soon. Stochastic readings also corroborate this with a value of 14.14. Meanwhile, MACD remains negative, highlighting continued bearish momentum, reinforced by the Awesome Oscillator showing downward trends.

Recent price action indicates notable volatility, illustrated by the October 24 high of 75.30 and today's low of 68.25, which may attract traders seeking opportunities. Key support is observed at 68.25, while resistance lurks at 75.30, with the 10-day EMA at 75.66 posing a significant challenge for upward movements.

Overall, while technical indicators suggest a possible price reversal, traders should remain vigilant about prevailing bearish trends and watch key resistance and support levels closely.