TTK Prestige Limited (TTKPRESTIG) Stock - Complete Technical Analysis - Nov 12, 2024

"TTK Prestige Limited Technical Analysis Key Support & Resistance Levels, MACD, RSI & More"

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. Technical Analysis of TTK Prestige Limited (TTKPRESTIG) for Traders

Key Support and Resistance Zones

Immediate Support: 848 and 812 (52-week low).

Immediate Resistance: 880 and 900-920 (Ichimoku Base Line).

Chart Patterns to Watch

Doji: Suggests indecision in the market.

Bearish Harami: Indicates potential for further downside.

Momentum Indicators

MACD: Bearish crossover suggests possible further declines.

RSI: Neutral at 43.

Stochastic: Near oversold, hinting at potential short-term rebound.

Volatility and Trend Indicators

ATR: Increased volatility suggests significant price swings.

ADX: Low reading of 23.96, indicating weak trend strength.

Key Moving Averages

Exponential and Simple Moving Averages: Price below the short-term EMAs, confirming bearish pressure.

Pivot Points and Range Analysis

Classic Pivot P: 880.97 (breakout level).

Support and Resistance Levels: 812 and 880 act as critical levels for trend continuation or reversal.

Conclusion for Traders

The technical setup for TTK Prestige shows a bearish outlook in the short term with multiple indicators pointing to possible price drops. Watch for any breakdown below 848 to 812 for confirmation of further declines. However, keep an eye on the Stochastic Oscillator for a potential short-term bounce if buying interest returns.