TTK PrestigeCheck entry and exit accordingly. Manufactures and markets kitchen and home appliances. Demand improving and export markets doing well.
TTKPRESTIG trade ideas
TTK PRESTIGE TARGET 936TTK PRESTIGE's weekly closing is very good. Closing exactly with consolidation.If open above the consolidation, it will reach 936
TTK Prestige trading at Demand ZoneNSE:TTKPRESTIG
TTK Prestige is among the leading brands in the kitchen equipment space, especially in the pressure cooker segment. It is the No. 1 Brand in Pressure cookers, No. 1 Brand in Cookware, No. 1 Brand in Value-added Gas Stoves, No. 1 Brand in Induction Cooktops, India’s only company to offer the complete Induction Cooking solution and it is the No 1 Brand in Rice Cookers.
Fundamentals: -
1. The product profile is diversified, with 31% of the revenue coming from pressure cookers, 15% from cookware, 14% from gas stoves, 12% from mixer-grinders, and the remainder from other kitchen and home appliances and cleaning solutions. 98% of the revenue comes from domestic sales.
2. Distribution Network
The company has more than 545 Prestige Xclusive stores in over 305 cities. 24 Regional Sales Centre and 350+ Authorized Service Centre. The number of outlets as of FY20 was 588. The network now covers 26 States and 345 Towns. The company during FY20 opened two Prestige Lifestyle Stores in Bengaluru.
3. New launch
The company launched an innovative and revolutionary range of Pressure Cookers under the Svachh platform during the second half of FY 20. The company is progressing on a new category of Cleaning Solutions. The operating subsidiary Horwood Homewares Limited introduced new products and a new category SMIDGE range. The Company launched 146 SKUs in FY20 and is geared to launch 100 new SKUs in the market during FY 20-21. TTK Prestige Limited is launching a new category - Stainless Steel Casseroles in two versions viz. Royale and Prime. Totally 7 SKUs of different sizes are being offered at the launch stage.
4. Capex
As per Long-Range Plan intend to do ₹ 200 Cr Capex over three years, the Company has spent about ₹70 Cr in FY20.
5. It is trading at a PE multiple of 36, less than 10year average PE of 42.
6. Average ROE for the last 3 and 5 years more than 15.
7. TTM Sales growth at 31% and TTM Profit growth at 88%.
8. Debt to equity at 0.06 (less than 1 is good), Interest Coverage at 61.7 (greater than 3 is good), Current ratio at 2.96 (greater than 1.5 is good).
9. Dividend Yield of 0.64% (consistent dividend payer since 2006)
The stock is currently trading at a demand zone where 3 resistances and 1 support meet. If anyone consider it for buying, put only 3% of your capital right now, buy with another 3% if it falls another 40% and invest the rest 4% (don't invest more than 10% of your entire capital in one stock) when the share closes at a 52 week high.
TTKPRESTIGE - could rally higher TTKPRESTIGE- could move upwards from here. Might touch 1100 sooner.
TTK Prestige Every Time Box Breakout gives Solid 15%TTK Prestige Every Time Box Breakout gives Solid 15%
TTK Prestige Every Time Box Breakout gives Solid 15%TTK Prestige Every Time Box Breakout gives Solid 15%
TTKPRESTIGATH
Fundamentals improving
breakout of box
MACD RSI Confirmed.
9 and 21 EMA crossed a good sign of reversal
only for educational purpose.
TTKPRESTIG 1D , Multiple breakouts and consolidationMultiple breakout --> consolidation .
Now that a breakout has happened , wait for consolidation and go long again.
Breakout in TTK Prestige...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 1 (35%) achieved in TTK Prestige. Target 2 is ON...This is follow-up on TTK Prestige. Can check link to related ideas.
Target 1 achieved. More than 35%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Double bottom breakout with huge volumeCMP: 8609.20, Target: 10850
Study: Double bottom breakout on weekly chart with huge volume
buy call buy at around 8900-9000 keep strict stop loss Don't do averaging down below 8900 chart pattern is going to change
TTK PRESTIGE LTD (EDUCATIONAL PURPOSE ONLY)Nothing guaranteed and Nothing over week
Invest or trade according to your loss bearing capacity
STOCK FOR EDUCATIONAL PURPOSE ONLY
TTK PRESTIGE LTD. @ 9990 with target of 10200.CMP IS 9888.90.
STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR ONE OR TWO PERCENT BELOW 8800.
Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis is for your information and educational purposes only and it does not constitute any recommendation to buy or sell any stock or index. Use your own wisdom.
M B PANDEY
SHARE MARKET ANALYST
B.Sc. (MATHS & PHYSICS)
Trying to spread happiness and knowledge
Disclaimer: I AM NOT SEBI REGISTERED
TTKPRESTIG - STAIRCASE PATTERN BREAKOUTStock is forming staircase pattern
Both 50 & 200 EMA are in raising trend in weekly chart.
Huge volume in last trading session
Refer chart for levels.
TTKPRESTIGTTKPRESTIG:-9358.35 CMP, looks good for upsides :)
Give a breakout with good volume keep in watchlist
6.8% profit on TTKPRESTIGBUY TTKPRESTIG
CMP 9358
Target 10000
SL 8625
Estimated Profit 6.8%
Check my YouTube at @ExplainInHindiYT
Long Term - TTK PrestigeBuying Range1 - 200 WMA High
Buying Range2 - 200 WMA Low
Buying Range3 - Trend line from 2009
Intraday Trade: watch for resistance breakoutbuy above 9125 in intraday, keep Sl at 9050
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Daily Breakout rockstarBefore the daily breakout, Monthly breakout has already happened at 7300 levels. Now with cup formation, a daily breakout has also happened which will help it to breach 8000 levels. Recommended for positional trade with a risk managing Stop Loss.
TTK Prestige, 3 Year Consolidation, New All time high epxected.All observations on charts.
Low volume candle marked can be a inside bar, inside bar occur just before a breakout or breakdown.
Check previous ideas of NSE:GRINDWELL & NSE:KANSAINER attached for consolidation breakouts.
Larger the consolidation, More powerful is the breakout.
Check previous ideas of NSE:MSTCLTD & NSE:WHIRLPOOL for Consoldiation breakouts.
