TTK Prestige good long buy with SL below 830.Stock showing good strength in this falling market and broader market is also near support zone and showing good accumulation.
TTKPRESTIG trade ideas
TTKPRESTIG - Need to watch this for swing tradeTTKPRESTIG giving breakout in weekly timeframe. We need to wait for the week to complete for the confirmation
TTK PRESTIGE This point seems more attractive, good break out is expected, you can definitely consider.
Falling wedge will be broken soon
TTK PRESTIGE BULLISH WEDGE & HARMONIC VIEW- Bullish wedge resistant line breakout done and formed 2 weekly candles above the resistant trendline.
- weekly narrow range stock still not touch the resistant R1 833 which may be the first target.
- as per the BAT harmonic view D point would be finished at the level of 1000, which may be the 2nd target.
This analysis is my own idea.
I don't recommend taking trade based on this idea.
Know the market risk before trade.
TTK Prestige stock looking good for swing as well as positional TTK Prestige stock looking good for swing as well as positional trading.
The stock had been in a correction phase for the last three years which may end if the price surpasses above 807.✅
A breakout above 807 may indiacte an end to its consolidation phase and the stock may show gains therafter. entry after breakout of an upper trendline.
Entry: above 807📈
SL: 719❌
TGT 1: 962🔥
TGT 2: 1147📈
Note: Do your own analysis before investing.
ttk prestige parallel channel and symmetrical triangle view bull side point of view.
at present the stock is on symmetrical triangle support line
if the stock go upside next target is R1 (834) and then (988)
and the support is S1 652
risk is low and high profit.
bearish point of view.
there is no sign of strong volume to move upside.
crossed 50 days EMA and going downside.
if the fall continue it will reach S1 652 easily and fall further to form new lower low.
this analysis is for learning purpose only.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
TTK Prestige I am Bullish for this stock
Wait for BREAKOUT of triangle Pattern
Trendline Support ✅
Volume increases in last 7 Days
TTK Prestige Ltd (Do You Love This Cooker Brand ?)The company is India’s largest kitchenware company & it was founded in 1928.
Prestige is a leading brand in Pressure cookers, Cookware, Value-added Gas Stoves, Induction Cooktops & Rice Cookers.
Its an Old & Established brand.
Fundamentals:-
CMP is more than Book Value, Graham Number & Intrinsic Value.
Debt is very less as compare to its reserves.
Dividend giving stock.
ROCE & ROE Good.
Stock PE is below Industry PE.
Promoters holding is very Good & No promoters are pledged.
Piotroski Score is 4 (Low).
Technical:-
Supports are marked as green horizontal lines.
Resistances are marked as red horizontal lines.
Stoploss is marked as orange horizontal line.
Price has given Triangle Breakdown on Monthly Chart (Pink Triangle).
Price is below 200 Weekly EMA (White Line).
Price took support at 200 weekly EMA many times (Marked as Stars).
Price is above 200 Monthly EMA (Yellow Line).
200 Monthly EMA coincide with 408 Support level making it a strong reversal point.
RSI took support many times on RSI 40 level on monthly chart (Skyblue).
RSI is facing resistance at Resistance Trendline marked in Pink.
Expecting price to fall till RSI reach 40 or 30 on Monthly chart.
Buy 575 - 480 -408
Stoploss 375
Tgt 790 - 940 - 1050 - 1150 - 1265
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
TTK Prestige Looking Good
#TTK PRESTIGE (One Day)
CMP -745
Target -800,840,900
Support -730
Follow us for more interesting Stock Anylisis
TTKPRESTIG - Weekly AnalysisIn the Weekly Chart of TTKPRESTIG ,
we can see that, it has created a Hammer candle on Support.
Enter on breaking its High with Low as SL.
TTKPRESTIG has potential longTTKPRESTIG has potential breakout ,it breaks the trend line add it in portfolio target 5-10%
Looks like price is building up - Wait for volume breakoutVolumes are increasing. Selling is being absorbed - Wicks are more than the body - pressure from both buy and sell.
Entry will be if price breaks out with volume.
Do not enter anticipating breakout in weak markets. Great chance of getting trapped.
#TTKPRESTIG Strong Buy Short Term Investment#Stock is in #Consolidation stage for a long time, and it made a very tight zone and now making HigherHigh.
Stock is making a #Triangle #Pattern and waiting for a Breakout.
Maintain Proper SL and Enter a trade for a short to long term investment.
TTKPRESTIGFrom lower end of the range can move towards 818 and then towards resistance of 960
CMP 778
Small to 750dips is a buy
Target 959
TTKPRESTIG - Weekly AnalysisIn the Weekly Chart of TTKPRESTIG ,
we can see that, it has taken an up move from support.
Expected momentum is shown in chart.
TTKPRESTIG - Weekly AnalysisIn the Weekly Chart of TTKPRESTIG ,
we can see that, it has Inverted Head & Shoulder Breakout failure.
possible momentums are shown in chart.
TTKPRESTIG - Weekly AnalysisIn the Weekly Chart of TTKPRESTIG ,
we can see that, it is about to give Inverted Head & Shoulder Breakout.
It might respect the breakout range one last time
OR
create another green candle and then retest and move ahead.
TTKPRESTIG | Swing Trade📊 Details
TTK Group was founded in 1928 founded by Mr. T.T. Krishnamachari who set up the distribution for a wide range of products ranging from Foods, Personal care products, etc.
The company is India’s largest kitchenware company. TTK Prestige was Established in 1955 as a private limited company, TTK went public in 1994. It is among the leading brands in the kitchen equipment space, especially in the pressure cooker segment. In 2012 Company had an Alliances with global high-end brands for high-end cookware/Store ware/Water Filters/ Gas-tops
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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TTK Prestige-Weekly Falling Wedge breakout
-Resistance Zone around 880-910
-Good for longs after retest if falling wedge breakout
TTKPRESTIG | Flag breakout - Looks potential for 45-50%TTKPRESTIG | Flag breakout - Looks potential for 45-50%
CMP : 788
SL : 740
Target : 1100
TTKPRESTIG: Breakout and Rounding BottomIn this analysis, we will conduct a comprehensive review of TTKPRESTIG's weekly chart. We will explore the potential breakout of a falling trendline, the presence of a rounding bottom pattern, and the adjusted RSI divergence. Additionally, we will consider a trade opportunity based on these technical indicators. Let's proceed with the analysis.
Chart Analysis:
The TradingView chart for TTKPRESTIG provides valuable insights into the stock's current technical setup and potential price movements.
Breakout of Falling Trendline:
The weekly chart of TTKPRESTIG suggests the stock is on the brink of breaking out from a falling trendline. This technical development could indicate a potential shift in sentiment from bearish to bullish. If the breakout occurs, it may lead to increased buying interest and upward price momentum.
Rounding Bottom Pattern:
The presence of a rounding bottom pattern adds to the potential bullish outlook. This pattern is characterized by a gradual rounding of price movements, followed by a breakout above the pattern's neckline. If the pattern completes its formation, it could signal a trend reversal and the beginning of an uptrend.
Adjusted RSI Divergence:
The RSI divergence that was previously noted appears to have been adjusted or weakened. This can be interpreted as a sign of potential stabilization or a shift in the momentum that initially led to the divergence. However, traders should remain cautious and consider this factor along with other technical indicators.
Trade Opportunity:
Based on the technical analysis outlined above, a trade opportunity could be emerging for TTKPRESTIG.
Traders might consider entering a long position at the current market price (CMP) of ₹783. To manage potential risks, a suggested stop loss (SL) at ₹729 is recommended.
The first target for this trade is set at ₹852, representing a potential intermediate price target. The second target, at ₹990, could offer further potential gains if the stock's price movement aligns with the identified technical patterns.
Conclusion:
The technical analysis of TTKPRESTIG's weekly chart suggests the potential for a bullish scenario. The breakout of the falling trendline, presence of a rounding bottom pattern, and adjusted RSI divergence are all factors to consider. Traders might contemplate entering a long position at the CMP of ₹783, with a SL at ₹729, and aiming for targets of ₹852 and ₹990.
As with any trading decision, exercise caution, conduct thorough research, and consider consulting a financial advisor. Additionally, implement effective risk management strategies to ensure prudent trading decisions.
