TTK Prestige Limited (TTKPRESTIG) Stock - Complete Technical Analysis - Dec 17, 2024

TTK Prestige Technical Analysis - Support, Resistance & Market Trends NSE Stock Breakdown

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. TTK Prestige Limited (TTKPRESTIG) is currently trading at 866.50, showing a price that's 15.46% lower than its 52-week high of 1025 and 33.89% higher than its 52-week low of 647.15. The stock is demonstrating some short-term volatility, as evidenced by its recent price action fluctuating between key support and resistance levels. In technical terms, the key support lies at 860.67, backed by the classic pivot point and the Camarilla support level at 838.10, which is critical to watch for any downside movement. On the resistance side, the price faces obstacles around 886.88 (classic pivot R1), and further resistance comes in at 929.37 (classic pivot R2).

When analyzing momentum indicators, the stock's RSI sits at 48.12, which suggests that it is in a neutral zone, showing neither overbought nor oversold conditions. The Average Directional Index (ADX) is at 24.47, reflecting a weak to moderate trend. The MACD is at 2.71, which is bullish but not overwhelmingly so. The Stochastic RSI at 24.75 points to a potential reversal, indicating oversold conditions. Moreover, the Awesome Oscillator reading at 9.2 supports the view of upward momentum, albeit weak.

In terms of volatility, the stock exhibits a higher degree of movement, as indicated by the ATR values that suggest price swings between 1400 to 1700. With the stock trading near the 860 support level, traders should be cautious of a potential breakdown if the support fails, which could bring the price down towards 818. However, a breakout above the 886 resistance could lead to further bullish momentum, possibly reaching 929.

Overall, traders should keep an eye on these technical levels for potential breakouts or breakdowns. For investors, the current price offers a consolidation range, and a move beyond the key levels could offer new trends for the stock.